A motor or a mortgage?

Potter, Stephen (1977). A motor or a mortgage? New Society, 40(768) p. 609.

Abstract

This paper critiques the Automobile Association estimates for buying and running a car, which this attracted the press headline that motoring costs more than a mortgage. A comparison to data in the Family Expenditure Survey suggests that accounting assumptions in the AA figures overestimate motoring costs by 250%. That these inflated figure set business mileage rates means that car users are being substantially subsidised.

Plain Language Summary

This paper critiques the Automobile Association estimates for buying and running a car, which this attracted the press headline that motoring costs more than a mortgage. A comparison to data in the Family Expenditure Survey suggests that accounting assumptions in the AA figures overestimate motoring costs by 250%. That these inflated figure set business mileage rates means that car users are being substantially subsidised.

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