Drivers pay up to £42 a day to park at work

New research by vehicle leasing company, Leasing Options, reveals that UK drivers can pay as little as £3 for a nine-hour stay in a car park, or as much as £42 – with huge differences based purely on their work location.

The research asked drivers how much they spend on parking per month whilst at work, with 80% of respondents paying for it out of their own pocket and almost half (48%) paying over £360 a year.

The study included an examination of the cost of nine hours’ parking in ten of the highest populated UK cities. London was revealed to be the most expensive city to park at work, with the cost of a nine-hour stay coming in at almost 170% higher than the average across all other cities (£40.25).

The next most expensive cities were Glasgow (£20.50) and Manchester (18.13). Birmingham was found to be the least expensive location, costing just £5.20.

Mike Thompson, brand manager at Leasing Options said, ‘This new research has really highlighted the huge cost of parking for drivers, although certain regions seem luckier than others when it comes to the monthly cost of driving to work. We hope the results of this study will demonstrate just how much employees are shelling out for parking, and encourage them to shop around for car park providers and locations that will save them money.

‘Our research found that drivers who are happy to park slightly further away from their workplace can certainly save money if they are willing to walk.’

To read some top tips for cutting the cost of parking at work visit: https://www.leasingoptions.co.uk/news/blog/the-cost-of-parking-are-you-paying-too-much/4752