Top Five Most Expensive Cities in the UK to Park Your Car

The car itself costs money, road tax costs money, fuel costs money, and, of course, car insurance policies cost money. And if you’re (un)lucky enough to live in one of these hot spots in the UK, parking your car is can be an eye-watering cost to add to the list.

In West London, playground of oligarchs and foreign princes and their luxury vehicles, parking spaces can cost more than the average UK house. The most expensive parking spot ever listed, in Knightsbridge, was put on the market for £480,000 in 2015—and sold for an undisclosed amount. Reportedly, it had space for three vehicles, as if that makes its asking price more reasonable.

And that wasn’t an anomaly: a parking space for two vehicles near Royal Albert Hall was listed for sale for £400,000—a small sum for a Proms-loving couple and their vehicles, surely. And a 19.5 foot by 8 foot space near Marble Arch, with room for two cars practically bumper to bumper, was advertised in 2016 for a cool £350,000.

At those price, the £255,000 an unknown buyer paid for 105 to 110-year leases on three parking spots on Park Lane in Mayfair almost seems like a steal.

But even if you don’t need 105 years of parking, stashing a car in London is an expensive proposition. Just three hours of parking on Brewer Street in Soho will set you back £50—and you’ll probably have to leave the theatre at intermission to top up the meter.

London is far and away the most expensive place in the UK to park—and drive, when you factor in congestion charge and all the stop-start traffic that will burn through a tank of petrol and your wits.

This is according to vehicle history checking service HPI Check, which crunched the numbers on daytime parking in 200 car parks in city centres across the UK. They found that shoppers and tourists spend £9.10 an hour to park in Central London. The most expensive car park in London the HPI surveyed charged £20 an hour.

In fact, around the world only New Yorkers are paying more for parking: $27 per hour or £21.25. In fact, it’s so expensive to park in New York, some drivers pay $15 an hour—plus petrol (or gas)—through an app called DropCar for a guy to tool around in their car for an hour.

Back on our own shores, parking isn’t exactly cheap outside of London. HPI found that city centre parking in Manchester was the second most expensive in the UK but at £3.18 an hour, it’s a steal compared to the capital. Parking in the city centres of Cardiff or Leeds will shave an average of £3 off your shopping budgets but choose your car park carefully. Cardiff’s most expensive car park charges a whopping £15 an hour, and a car park in Leeds will lighten your wallet by £12.50 an hour—just shy of highway robbery.

Glasgow rounded out the top five most expensive cities to park in the UK, with an hour of city centre parking running at £2.65—about the cost of a latte.

But shoppers aren’t the only ones shelling out for parking. If your city centre employer doesn’t offer parking, you could be paying hundreds of pounds a month—nearly a month’s train fare in some locations—to park during the working day. HPI crunched those numbers too, analysing the cost of parking at 200 car parks across the UK for a full working day (9am-5pm), Monday to Friday, for a month. And unsurprisingly, parking for work in London is painful.

A month of weekday, work-time parking in the capital will run you £694.80, easily more than the average monthly rent in many cities. Leeds clocked in next, with a month costing £355.40.

Parking your vehicle for a month in the Welsh capital will knock £327.40 off your monthly budget and if you opt to drive into Manchester for work rather than taking the Metrolink tram, you’ll be paying £302.20 in parking fees. Glasgow again completed the top five, with a month’s worth of work-time parking averaging £286.60.

Of course, people aren’t just parking in city centres or in car parks. Citybase, provider of serviced apartments, crunched numbers from councils to determine the average cost of parking within the UK’s cities. They found a divide between the cost of park on the street and in car parks. While you’ll be feeding an average of £1.65 into the meter an hour to leave your car on the street in the UK, an hour in a car park will run you just £1.10.

London is predictably the most expensive place to park, with off-street car parking and on-street parking costing £3 and £4.80 per hour respectively, for an average of £3.90 an hour. In Oxford, off-street parking is as dear as it is in London, but you’ll save £1.80 per hour on on-street parking. In Brighton and Hove, an hour of parking costs an average of £2.55 (that’s £1.50 in a car park and £3.60 on the street), while in Edinburgh and Leeds, parking runs an average of £2.20 per hour and £2.05 per hour, respectively.

But if you head to Newry in Northern Ireland, you’ll pay just 40p in hour in a car park and 60p on the street. It’s the cheapest city for parking in the UK.

Hourly city centre parking rates

  1. London: £9.10
  2. Manchester: £3.18
  3. Cardiff: £3.14
  4. Leeds: £3.06
  5. Glasgow: £2.65
  6. Liverpool: £2.59
  7. Sheffield: £2.14
  8. Newcastle: £1.72
  9. Birmingham: £1.50
  10. Sunderland: £0.79

Monthly city centre parking rates

  1. London: £694.80
  2. Leeds: £355.40
  3. Cardiff: £327.40
  4. Manchester: £302.20
  5. Glasgow: £286.60
  6. Liverpool: £238.40
  7. Newcastle: £223.00
  8. Sheffield: £178.00
  9. Sunderland: £166.40
  10. Birmingham: £148.20

Hourly parking rates across city

  1. London: £3.90 (£3.00 car park, £4.80 on street)
  2. Oxford: £3.00 (£3.00 car park, £3.00 on street)
  3. Brighton and Hove: £2.55 (£1.50 car park, £3.60 on street)
  4. Leeds: £2.05 (£1.50 car park, £2.60 on street)
  5. Edinburgh: £2.20 (£1.50 car park, £2.60 on street)
  6. Bath: £2.00 (£1.60 car park, £2.40 on street)
  7. Manchester: £2.13 (£1.25 car park, £3.00 on street)
  8. Southampton: £1.63 (£1.25 car park, £2.00 on street)
  9. Birmingham: £2.05 (£1.10 car park, £3.00 on street)
  10. Lancaster: £1.50 (£1.50 car park, £1.50 on street)

How To Avoid Penalties By The IRS

It’s no secret many people struggle with tax season. The rules for filing taxes are complex and always changing. The IRS indicates an estimated 8 million people owe over $83 billion in state and federal taxes, interest, and penalties. What does this mean? Unfortunately, many people are not in compliance with the Internal Revenue Service. Many businesses use accounting professionals to keep their taxes on track. Single taxpayers are left filing their own taxes or putting their future in the hands of someone else (that may or may not have experience) and find themselves in debt with the IRS.

The Leading Cause Of IRS Debt

There are many reasons that contribute to an individual falling behind on their taxes. Unfortunately, it leads to them owing thousands of dollars to the IRS. Hardships, illnesses, and a hectic schedule are all reasons that individuals give for failing to pay their taxes. Uncle Sam will almost certainly actively pursue you for all of the above reasons. The IRS will leave you fighting back, paying huge penalties, or both. If you’re behind on your taxes for not filing, catching up as soon as possible is your best option. The old saying; better late than never is applicable to imposed IRS penalties and fees.

What Are The Consequences Of Falling Behind On Your Taxes

If you find yourself behind on your taxes, you may be slapped with a tax levy. What is a Tax Levy? A tax levy is different from a tax lien. In fact, there are a few types of tax levies that are imposed for several different reasons. A tax levy is an administrative action taken against you by the IRS. They will impose a levy against your property or paycheck.

How Can The IRS Hit You With A Tax Levy

The IRS can and will seize your property for a tax debt collection balance that’s unpaid. They typically give individuals a 30-day notice with a right to appeal. However, If they suspect you’ll transfer assets or funds overseas, they don’t have to give an individual notice to collect or garnish your bank account. In fact, a taxpayer is not always entitled to a notice of their intent to levy your assets. The best way to avoid a tax levy is making an agreement with the Internal Revenue Service. An IRS debt settlement professional can help you come up with an arrangement or settle for less.

How Can You Stay Current On Your Taxes

The best way to avoid IRS penalties is to PAY YOUR TAXES ON TIME. Hire a professional accountant that has experience in current tax laws. If you can’t afford a professional, pay your taxes on time each year. More importantly, keep your records organized for the purpose of filing your taxes each year. Organizing your records can help you avoid situations like withholding taxable income or estimated tax benefits. More importantly, organized tax records can help you if you’re audited by the IRS. The IRS will never be shy about contacting you for a delinquent tax bill.

How Will You Be Notified Of Your Tax Debt

Most of the time the IRS will notify you of a tax debt via snail mail. Many people will agree their efforts are relentless. The IRA will take aggressive action to collect on your debt. You can also ask for help from the Internal Revenue Service by requesting a tax advocate.

Your taxes can leave you in a huge amount of debt. There is an updated tax table to help you calculate the amount of your deduction. For example, if you’re getting married or expect to have a child, you can estimate those tax deductions into the following year. Plus, taxpayers are warned against taking invalid credits on their tax return. There are specific tax brackets and tax rates that will apply to your unique situation. The federal tax exemption has also been modified for the upcoming tax season. Avoid huge tax penalties by getting the help of a professional tax consultant today.

How You can Properly Maintain Your Leased Vehicle and Keep it in Top Shape

Going for a lease can bring you a whole lot of benefits. It can ensure that you don’t have to make such a large payment per month. You’re only using the vehicle for a certain period, after all, and once this period is over, all you have to do is return the vehicle to the provider of the lease. Leasing a car also gives you the option to use a car which would otherwise be beyond your means if you were to buy it. With leasing, you can use a brand-new Mercedes Benz, or you can drive around in a beautiful Maserati. You just have to make sure that you can pay the monthly fees, and you’re set. But while there are other benefits to leasing a car which you will soon find out about once you sign the agreement, you are still responsible for making sure the vehicle stays in tip-top shape. Here, then, is how you can properly maintain your leased vehicle.

  • Make regular inspections underneath the bonnet

One way to maintain your leased vehicle’s condition is to make regular inspections underneath the bonnet. You should make a weekly check of your car’s oil level. Whilst you’re at it, do a routine check of other elements as well. For instance, make sure you have washer fluid; if you’re driving without any washer fluid, this could damage the engine, and you certainly wouldn’t want that. Check for other things such as the coolant levels and the radiator, too, and don’t forget the tyre pressure as well as the lights.

 

  • Regularly check your BVRLA ‘Fair Wear and Tear’ Guide

Once you sign your agreement and get your vehicle, the lease provider will give you a BVRLA ‘Fair Wear and Tear’ Guide so you will know the standards in the industry in regard to what classifies as fair wear and tear. You should regularly check the guide to make sure that you comply with all the guidelines. In the guide, you will find sections for every part or element of the vehicle, which includes both the exterior and the interior, along with photos and diagrams. This will give you a better idea of what inspectors will look for once they inspect the vehicle. Some important parts to which you need to pay attention include paintwork, trim, bumpers, and the body of the car, as well as the glass and windows. Other parts include tyres, the mechanical elements of the car, the interior of the vehicle, and the controls and equipment.

  • Have it regularly serviced

One of the foremost things you can do for your leased vehicle is to have it regularly serviced, as confirmed by companies offering the cheapest lease deals such as Genus Leasing. Regular servicing is even more critical when you are leasing, as you have to return the service book to the leasing firm when the term is finished, and the service book should have stamps which show if you have had the car serviced at the proper time. But while the cost of servicing may not be included in your contract, you can choose to have a maintenance package or agreement where you pay an extra fee per month that covers the cost of servicing. Note that there will be manufacturers who set intervals for servicing at two years or 32,000 kilometres, depending on which comes soonest, and others will have lower intervals as well.

4 Ways to Make Your Home-Based Business Appear More Legitimate

Are you fed up with the grind of working a 9 to 5 job? Each year, millions of people quit their day job and go out in search of entrepreneurial success.

Recent estimates show that there are nearly 38 million home-based businesses in the United States. For most newcomers to the world of small business, setting up shop at home makes sense. Not only does a home-based business help you save money on starting a company, it can also provide you with a peace of mind as well.

One of the biggest challenges you will face as a home-based business owner is making your venture seem legitimate in the eyes of prospective customers. Detailed below are some of the ways you can increase the legitimacy your home-based business has.

  1. Setting Up a Business Phone and Email is Important

Providing potential customers with a way to contact your business is vital. If you are currently setting up a website for your business, you will need to include contact information. Rather than using your home phone for business, you should think about putting in a dedicated line.

By doing this, you can rest assured each of the calls coming into this line will be from customers. You will also need to avoid using your personal email for your business. Doing this can result in important messages falling through the cracks. Using a service like Google Voice is a great way to set up a business phone number and email simultaneously.

  1. Make Sure Customer Invoices Look Professional

Once you have completed a job for a new client, you will have to send out an invoice. Ideally, you want to use an invoice for home service that is both detailed and professional looking. Simply sending out a homemade invoice to a customer can put your business in a bad light.

Luckily, there are a number of websites that allow you to create and print your own professional looking invoices. Adding this professional touch to your interactions with clients can go a long way when it comes to keeping them loyal.

  1. Invest Money Into Building a Great Looking Website

It seems like more and more businesses are avoiding brick and mortar locations in lieu of online ventures. One of the best ways to connect with consumers is by providing them with an appealing and informative website.

Instead of trying to build a website on your own, working with professionals is probably your best bet. Many of the DIY website builders online are complicated to use and can cause major functionality issues in the long run.

An experienced web designer will be able to take the vision you have and bring it to life. When building a website, be sure to include a blog section. Regular blogging will help to keep your audience informed and engaged.

  1. Rent Meeting Space When Needed

One of the biggest drawbacks that comes with running a home-based business is the inability to host meetings with customers. Rather than just using video chat software for these meetings, you need to rent a space to have one on one interactions with your clients.

Usually, there will be a number of meeting room rentals in your area. Usually, these rentals will provide a person with a luxurious space and great amenities for a reasonable price. Being able to sit across from a new client and talk about their goals can be very powerful.

As your business begins to grow, you may find yourself outgrowing your home-based office. Investing in an offsite workspace will allow you to hire more employees with ease.