Older drivers are likely to ‘save money’ ditching cars (Image: Getty)
Older drivers are likely to “save money” and relying on public transport, according to experts.
Running vehicles can add up with the price of insurance, MOT and tax among the most expensive outgoings.
Throw into the mix fuel costs, parking fees and regular maintenance such as servicing and cash-strapped road users may be struggling to keep up.
Experts at the have stressed individuals running on fewer than 2,000 miles per year with their to make massive savings.
Pensioners are usually with many no longer travelling to work or on long road trips.
Older drivers travel fewer miles than other age groups (Image: Getty)
The Older Drivers Forum explained: “It may even make good financial sense to use your money for other ways of getting about, rather than for owning and running a car, especially if you drive less than 2,000 miles a year.
“You would get money from selling your car, and save money because you no longer have to pay for insurance, MOTs, servicing, fuel, parking and repairs.
“If you no longer use your car very much, it may make good financial sense to give it up and use the money you save for other ways of getting about.”
, the average annual mileage for drivers over the age of 70 is 1,665 miles per year.
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This is apparently 28% lower than the average for all drivers across other age groups and demographics.
The motoring experts found that the average age motorists handed over their licence was 82.
However, there is no legal limit to stop driving as long as individuals are competent and safe behind the wheel.
confirmed that handing back a driving licence doesn’t mean the end of freedoms with many cities offering a range of options.
However, elderly individuals living in major cities such as London, Birmingham and Manchester may find it easier to get around than those in particularly rural areas.
USwitch commented: “There is no shame in admitting that you’re no longer up to driving or that you no longer have such a demanding social life that requires a car of your own.
“From public transport to ride-share services, there are many ways to continue getting out and about. Giving up your keys does not mean the end of your independence.”