British motorists fear current international tensions will have a lasting impact on fuel prices.
A poll of 1,000 motorists found 93 per cent believe getting around is becoming increasingly expensive.
To help combat the rising cost of fuel, 92 per cent said they would be in favour of a fuel price cap.
As a result of rising costs, 30 per cent have postponed non-urgent maintenance and repairs, while 64 per cent have reduced non-essential journeys.
Matt Barrick, CEO of CarSupermarket.com [https://www.carsupermarket.com/], which commissioned the research, said: “The cost of simply getting from A to B is becoming too much for many, and the uncertainty in the Middle East is only adding to motorists’ worries.
“Cars play an important role in helping people get around, particularly those in more rural areas where public transport links aren’t as efficient.
“While money may be tighter, it is important that you don’t skip urgent repairs, as travelling in an unsafe vehicle isn’t just dangerous for you, but also for those around you.”
The study also found 72 per cent believe owning a private car has become a luxury, which is particularly apparent among younger generations, with 90 per cent of motorists aged 18-24 sharing this view.
More than half (62 per cent) said their car is the biggest part of their budget.
Going without a car isn’t an option, as 85 per cent said they wouldn’t be able to get around as they would like without one.
However, 57 per cent are exploring more sustainable travel options to combat financial pressures.
And 44 per cent are using public transport more, most commonly among those aged 18 to 24 (66 per cent).
The study also found 26 per cent have switched to more environmentally friendly engines (such as EVs).
On average, British motorists spend £466 per month financing their car - with 15 to 34-year-olds spending the most (£789), while those aged 50 to 64 spend the least (£293).
Despite being a cheaper option, a separate piece of research of 1,000 adults found just 12 per cent know exactly what a ‘reconditioned’ car means.
Of those that do know about reconditioned cars 40 per cent would consider buying one.
With 58 per cent highlighting the balance of cost and quality as a key reason for considering a reconditioned used car and 42 per cent highlighted the increased thorough inspections and increased warranty.
Matt Barrick from CarSupermarket.com added: “We are seeing more people switch from traditional fuels to more sustainable options like EVs.
“Many drivers come in asking about reconditioned electric vehicles because the cost of running a petrol or diesel car has become too high.
“With our reconditioned promise, customers can get cars they can trust, having been checked and with all necessary work carried out to make them roadworthy.
“And if they do face any issues, they have a minimum 12 month warranty which allows them to bring it back if they spot something that isn’t right.”
