Owning a dog costs more than a Mercedes Benz
The nation’s love of dogs is rising, and owners are now paying £22,000 to keep their animals over their lifetimes – more than the cost of a new Mercedes Benz C Class, research has revealed.
The research from insurers, Churchill, found that dog owners are spending the equivalent of a year’s national average salary on their pets over the animals’ lifetimes.
And as a whole the UK is spending £145 billion on dogs. However the research also found that 90% of dog owners have no idea how expensive their pet is, with more than a half of dog owners (52%) actually thinking the cost was less than £5,000.
Yet there is a big difference in the cost of upkeeping different types of dog. The most expensive dog is the Great Dane, which costs £32,810 over a lifetime and is almost £15,000 more expensive than the Jack Russell.
Mike Ketteringham, Head of Churchill Pet Insurance, said “There are significant differences between the costs of different dog breeds and it is important people take this into account as one of the factors when choosing their new pet”