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New Car 'Money Pit'

23rd March 2005

If you've recently bought a new car, don't read any further! It could lose as much as ΂£500 in the first month, according to figures from RAC Financial Services. Experts also put the average cost of running a new motor at ΂£5,300 per year. However, small models such as the Toyota Yaris - with an annual spend of ΂£3,500 - don't fare as badly as big cars like Renault's Espace, at ΂£8,000.

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