How much does your car REALLY cost you?
#1
I have had my car for just over a year now so I thought I would sit down and work out just how much it has cost me to run over that year. Bear in mind I bought this car brand new so it has not needed to have any work done to it other than routine servicing.
1000 Mile service = £88 (service plus few bits)
7500 Mile Service = £98
15000 Mile Service = £305
Petrol (20MPG for 12,000 miles (Super Unleaded)) = £2213
Tyres (nearly bald so included them) = £500 a set
Insurance = £870
So for one year, excluding depreciation it has cost me £4074 to run it.....
I bought my car on a PCP so if I give it back after 3 years it will have cost me £5518 a year in payments (Including Interest)
This works out to a grand total of £9592 a year to run or 80 pence per mile (over 12,000 miles a year)
I really, really, really wish I had not just worked that out.......
1000 Mile service = £88 (service plus few bits)
7500 Mile Service = £98
15000 Mile Service = £305
Petrol (20MPG for 12,000 miles (Super Unleaded)) = £2213
Tyres (nearly bald so included them) = £500 a set
Insurance = £870
So for one year, excluding depreciation it has cost me £4074 to run it.....
I bought my car on a PCP so if I give it back after 3 years it will have cost me £5518 a year in payments (Including Interest)
This works out to a grand total of £9592 a year to run or 80 pence per mile (over 12,000 miles a year)
I really, really, really wish I had not just worked that out.......
#2
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<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by JoeyDeacon:
<B>This works out to a grand total of £9592 a year to run or 80 pence per mile (over 12,000 miles a year)
I really, really, really wish I had not just worked that out....... [/quote]
That's a lot of beer.
Steve
PS They look like good prices for the services. Where do you go?
<B>This works out to a grand total of £9592 a year to run or 80 pence per mile (over 12,000 miles a year)
I really, really, really wish I had not just worked that out....... [/quote]
That's a lot of beer.
Steve
PS They look like good prices for the services. Where do you go?
#3
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Steve Sherwen:
<B>
PS They look like good prices for the services. Where do you go?
[/quote]
I now take my car to Cheam Motors and I have to say they are absolutely excellent (Even get a 10% SIDC discount). Had new clutch and alarm from them under warranty and every time I have been they have given me a courtesy car without me even having to ask for it.
I used to go to Bell & Colvill except they used to treat me like the sort of thing you found on the bottom of your shoe. I didn't even want to mention the clutch to them as I would rather put up with the judder than let them do anything other than change the oil (And I think that might even be far too difficult for them).
<B>
PS They look like good prices for the services. Where do you go?
[/quote]
I now take my car to Cheam Motors and I have to say they are absolutely excellent (Even get a 10% SIDC discount). Had new clutch and alarm from them under warranty and every time I have been they have given me a courtesy car without me even having to ask for it.
I used to go to Bell & Colvill except they used to treat me like the sort of thing you found on the bottom of your shoe. I didn't even want to mention the clutch to them as I would rather put up with the judder than let them do anything other than change the oil (And I think that might even be far too difficult for them).
#4
Joey,
Sounds expensive mate. Bought my BMW 330D Sport for 27K. Likely to keep 63% of value after 3 yrs according to dealer etc.
1st Service = Free
2nd Service @ 10,500 = 129 pounds
3rd Service @ 23,000 = 210 pounds
Avg. Mpg = 38.7 for 20,000 per annum = 1937.98 pounds
Payment of 502 per month ( work pays this in full, as I took cash rather than company car! )
Tyres at 800 pounds for a set!! 18" Wheels
insurance at 686 pounds
So there's a total of 3762.98 per annum for the fuel and servicing. And it's mine after 3 yrs.
Don't feel so hard done by man!! You're undoubtedly having a laugh in the car, so that's good enough, IMHO
Matt
Sounds expensive mate. Bought my BMW 330D Sport for 27K. Likely to keep 63% of value after 3 yrs according to dealer etc.
1st Service = Free
2nd Service @ 10,500 = 129 pounds
3rd Service @ 23,000 = 210 pounds
Avg. Mpg = 38.7 for 20,000 per annum = 1937.98 pounds
Payment of 502 per month ( work pays this in full, as I took cash rather than company car! )
Tyres at 800 pounds for a set!! 18" Wheels
insurance at 686 pounds
So there's a total of 3762.98 per annum for the fuel and servicing. And it's mine after 3 yrs.
Don't feel so hard done by man!! You're undoubtedly having a laugh in the car, so that's good enough, IMHO
Matt
#5
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Had the blackbeast a year now.
over that year, excluding it's initial cost It's cost, aprox 4200
petrol = 1600
new tyres = 500
insurance = 1100
service, cambelt, sparks, discs pads, etc = 1300
Probably other stuff that I've forgot as well.
in other words, not cheap! but then it's a performance car so who am I to complain,
oh, and that's not factoring the circa 2k for damage repairs either!
over that year, excluding it's initial cost It's cost, aprox 4200
petrol = 1600
new tyres = 500
insurance = 1100
service, cambelt, sparks, discs pads, etc = 1300
Probably other stuff that I've forgot as well.
in other words, not cheap! but then it's a performance car so who am I to complain,
oh, and that's not factoring the circa 2k for damage repairs either!
#6
Spent 2k last month alone on upgrade parts.
Did the same when I bought it on new clutch and gearbox rebuild.
1k on stereo
1k on alarm plus tracker
1k on link plus related stuff
1200 on insurance
have suspension to come soon too.
then theres front mount intercooler
water injection
motec ecu (only costing upgrade cost hopefully)
followed by new engine, for safety.
Then theres petrol and depreciation, what are they?
Did the same when I bought it on new clutch and gearbox rebuild.
1k on stereo
1k on alarm plus tracker
1k on link plus related stuff
1200 on insurance
have suspension to come soon too.
then theres front mount intercooler
water injection
motec ecu (only costing upgrade cost hopefully)
followed by new engine, for safety.
Then theres petrol and depreciation, what are they?
#7
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Mine's on a company lease, so its £450 per month plus petrol.
15k miles @ 20 mpg = 750 gallons a year = £2,700 appx.
12 months @ 450 = £5,400
Or £8,100 per year
Company pays me £4,500 plus 10p per business mile, say 4000 miles, =£400
So net cost to me for a year is £3,200.
Not too bad a deal, really
D
15k miles @ 20 mpg = 750 gallons a year = £2,700 appx.
12 months @ 450 = £5,400
Or £8,100 per year
Company pays me £4,500 plus 10p per business mile, say 4000 miles, =£400
So net cost to me for a year is £3,200.
Not too bad a deal, really
D
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#8
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OK, MY95 WRX bought July 2000
£300 alarm
£80 disklock
£250 Pagid front discs and pads
£90 Oil plus Underseal
£880 insurance
£450 45K service
£420 Full decat exhaust
£120 bumpsteer mod
£380 Geodesy "Accident black spot indicator"
£1120 petrol
£90 Octane booster
£50 Bulbs and wipers
Comes to £4140 or 69p/mile not inc depreciation.....
Ho hum, new tyres soon...
Justin
£300 alarm
£80 disklock
£250 Pagid front discs and pads
£90 Oil plus Underseal
£880 insurance
£450 45K service
£420 Full decat exhaust
£120 bumpsteer mod
£380 Geodesy "Accident black spot indicator"
£1120 petrol
£90 Octane booster
£50 Bulbs and wipers
Comes to £4140 or 69p/mile not inc depreciation.....
Ho hum, new tyres soon...
Justin
#9
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Matt Oz - try getting a BMW dealer to offer more than 45% on their own PCP scheme - blood from a stone mate.
In response to the additional question - try owning an Sti - if you bought one retail a couple of years ago you may have paid between £33k (IV) to £27k (V) and all prices in between. You're looking at least 40% or more depreciation in the first two years, with higher interest costs due to more capital being used to buy it, and much higher insurance premiums.
80pence - a dream for an STi owner...
...oh and all that fiddling with tuning and ECUs etc
R
In response to the additional question - try owning an Sti - if you bought one retail a couple of years ago you may have paid between £33k (IV) to £27k (V) and all prices in between. You're looking at least 40% or more depreciation in the first two years, with higher interest costs due to more capital being used to buy it, and much higher insurance premiums.
80pence - a dream for an STi owner...
...oh and all that fiddling with tuning and ECUs etc
R
#10
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since ownership, minus the cost of the car it works out at 89 pence a mile over 13500 miles.
PPP
PDEP
Full Scoobysport System
P WRC wing
1 replacement PD7 alloy
2 tyres
1K, 7.5K, 15K service
prodrive front pads
(and security!)
bodywork service coming up!
[This message has been edited by Fosters (edited 11 May 2001).]
PPP
PDEP
Full Scoobysport System
P WRC wing
1 replacement PD7 alloy
2 tyres
1K, 7.5K, 15K service
prodrive front pads
(and security!)
bodywork service coming up!
[This message has been edited by Fosters (edited 11 May 2001).]
#12
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Diablo:
<B>
Company pays me £4,500 plus 10p per business mile, say 4000 miles, =£400
D[/quote]
10p a mile!! get them to use upto date figures. IR now allow 25p per mile for upto 2000cc for business mileage.
<B>
Company pays me £4,500 plus 10p per business mile, say 4000 miles, =£400
D[/quote]
10p a mile!! get them to use upto date figures. IR now allow 25p per mile for upto 2000cc for business mileage.
#13
Had my Terzo just over a year now...
Petrol approx £2,000
Servicing £500
Mods approx £1,000
Tyres £450
Insurance £800
Total £4,750 (there's probably some more bits and pieces but I can't remember)
Still wouldn't change it though!
Bas
PS GaryC - IR actually allow 45p for the first 4,000 miles per annum and 25p for any excess
Petrol approx £2,000
Servicing £500
Mods approx £1,000
Tyres £450
Insurance £800
Total £4,750 (there's probably some more bits and pieces but I can't remember)
Still wouldn't change it though!
Bas
PS GaryC - IR actually allow 45p for the first 4,000 miles per annum and 25p for any excess
#14
In the past year, my Legacy RS has had the following lovingly spent on it :
£5300 Petrol: 35k miles @ 25mpg SUL
£ 86 37.5k service
£ 548 4 tyres 215/45ZR17 S-02PP
£ 32 4-wheel alignment
£ 146 45k service
£ 95 Ziebart Protect-a-shine
£ 332 52.5k service + MOT
£ 449 Extended warranty
£ 623 Insurance
£ 185 PIAA Super White bulbs
£ 155 VED
£ 955 2 rear Bilsteins
£ 524 4 tyres 215/45ZR17 S-02PP
£ 103 Fit rear dampers
£ 574 60k service
£ 455 Blitz Realize TT Exhaust
£ 78 Blitz Air Filter
£ 378 67.5k service
£1351 Prodrive front brake kit
Which, for 35k miles a year, works out at only 35p/mile. Even taking into account repayments on the car only makes it 47p/mile which seems good value for the fun. Still spent nearly £17k in the last year though
Brian
£5300 Petrol: 35k miles @ 25mpg SUL
£ 86 37.5k service
£ 548 4 tyres 215/45ZR17 S-02PP
£ 32 4-wheel alignment
£ 146 45k service
£ 95 Ziebart Protect-a-shine
£ 332 52.5k service + MOT
£ 449 Extended warranty
£ 623 Insurance
£ 185 PIAA Super White bulbs
£ 155 VED
£ 955 2 rear Bilsteins
£ 524 4 tyres 215/45ZR17 S-02PP
£ 103 Fit rear dampers
£ 574 60k service
£ 455 Blitz Realize TT Exhaust
£ 78 Blitz Air Filter
£ 378 67.5k service
£1351 Prodrive front brake kit
Which, for 35k miles a year, works out at only 35p/mile. Even taking into account repayments on the car only makes it 47p/mile which seems good value for the fun. Still spent nearly £17k in the last year though
Brian
#15
Had my car 8 wks!!
2K miles @ £400
Insurance @ £2470!! = £800 for 8 wks!!!
Depreciation??? - TBC
This year then with services x2 = £450?
Total : £5320 + Tax + MOT!!!!!!
Do i really need my scoob - more than life!
2K miles @ £400
Insurance @ £2470!! = £800 for 8 wks!!!
Depreciation??? - TBC
This year then with services x2 = £450?
Total : £5320 + Tax + MOT!!!!!!
Do i really need my scoob - more than life!
#16
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by Bas:
<B>
PS GaryC - IR actually allow 45p for the first 4,000 miles per annum and 25p for any excess[/quote]
Not with a company car Unless EY have given us the wrong advice
<B>
PS GaryC - IR actually allow 45p for the first 4,000 miles per annum and 25p for any excess[/quote]
Not with a company car Unless EY have given us the wrong advice
#17
I have a UK 99 impreza,a discovery and an A reg nova sr that the wife uses for work. I paid £100 pounds for the nova 13 months ago with 40000 on the clock .It now has 53000 and i worked out the other day the cost per mile was 14.5p providing the car is still worth what i paid for it!! As for the scoob i am too frightend to work it out.
[This message has been edited by Stephen Moore (edited 12 May 2001).]
[This message has been edited by Stephen Moore (edited 12 May 2001).]
#18
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So how much less do you think it would cost you to run a cr4p car? you are still going to get ripped off for servicing whichever car you buy new or nearly new, you will maybe save on fuel consumption , if you ran a Vauxhall Vectra(yawn, excuse me while I go to sleep ) doing 32mpg instead of a scooby doing 22 mpg over 12000 miles you would save £600- whooppee, much less than a pint of beer a day let alone 20 ****. My point is buying/running a new car is always going to cost lots of money it just so happens running a scooby may cost you a wee bit more than the average car - but lets face it that's why we drive what we drive isn't it?
glen
[This message has been edited by glen4 (edited 13 May 2001).]
glen
[This message has been edited by glen4 (edited 13 May 2001).]
#19
I run my impreza as a company car.
I pay nothing for the upkeep. Free SO2's on demand!
I pay nothing for the fuel.
I pay nothing for the insurance.
I pay nothing for the servicing.
I pay nothing for depreciation.
I pay an aditional £1800 in tax by my reconing.
Not a bad deal really when you think about it.
My westie on the other hand!
£300 for insurance.
Zero depreciation.
If i used it purely on the road it would Cost
Few quid to service every 6 months.
Road tax costs.
do average 30MPG so pretty cheep to run.
Thing is i dont, i give it death on track. I dont want to think about the cost of that thanks!
I pay nothing for the upkeep. Free SO2's on demand!
I pay nothing for the fuel.
I pay nothing for the insurance.
I pay nothing for the servicing.
I pay nothing for depreciation.
I pay an aditional £1800 in tax by my reconing.
Not a bad deal really when you think about it.
My westie on the other hand!
£300 for insurance.
Zero depreciation.
If i used it purely on the road it would Cost
Few quid to service every 6 months.
Road tax costs.
do average 30MPG so pretty cheep to run.
Thing is i dont, i give it death on track. I dont want to think about the cost of that thanks!
#20
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by glen4:
<B>So how much less do you think it would cost you to run a cr4p car? you are still going to get ripped off for servicing whichever car you buy new or nearly new, you will maybe save on fuel consumption , if you ran a Vauxhall Vectra(yawn, excuse me while I go to sleep ) doing 32mpg instead of a scooby doing 22 mpg over 12000 miles you would save £600- whooppee, much less than a pint of beer a day let alone 20 ****. My point is buying/running a new car is always going to cost lots of money it just so happens running a scooby may cost you a wee bit more than the average car - but lets face it that's why we drive what we drive isn't it?
glen
[This message has been edited by glen4 (edited 13 May 2001).][/quote]
True to an extent, but in 3 months and 7500 miles ownership of my 330d, I am already c£2500 better off than I would have been in my Impreza - almost £1000 in fuel saving alone
Moral: buy an Impreza for what it is, not for financial reasons
<B>So how much less do you think it would cost you to run a cr4p car? you are still going to get ripped off for servicing whichever car you buy new or nearly new, you will maybe save on fuel consumption , if you ran a Vauxhall Vectra(yawn, excuse me while I go to sleep ) doing 32mpg instead of a scooby doing 22 mpg over 12000 miles you would save £600- whooppee, much less than a pint of beer a day let alone 20 ****. My point is buying/running a new car is always going to cost lots of money it just so happens running a scooby may cost you a wee bit more than the average car - but lets face it that's why we drive what we drive isn't it?
glen
[This message has been edited by glen4 (edited 13 May 2001).][/quote]
True to an extent, but in 3 months and 7500 miles ownership of my 330d, I am already c£2500 better off than I would have been in my Impreza - almost £1000 in fuel saving alone
Moral: buy an Impreza for what it is, not for financial reasons
#21
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<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:<HR>Originally posted by GaryC:
<B>
10p a mile!! get them to use upto date figures. IR now allow 25p per mile for upto 2000cc for business mileage.[/quote]
Gary - I work for a big 5 firm. They know the IR figures -lol. Stingy barstewards won't pay it though
Client gets charged 50p per mile, we get 12p (it went up recently).
D
<B>
10p a mile!! get them to use upto date figures. IR now allow 25p per mile for upto 2000cc for business mileage.[/quote]
Gary - I work for a big 5 firm. They know the IR figures -lol. Stingy barstewards won't pay it though
Client gets charged 50p per mile, we get 12p (it went up recently).
D
#22
Lets face it, no one bought one of these cars because they are cheap to run.
1,000 service £41:38
7,500 service £112.94
15,000 service £196.08
Listers of Worcester.
Insurance approx £500 a year.
Petrol £40:00 a week SUL 250-300 out of a tank.
Mods:
Backbox, downpipe and filter £500
Brake upgrade £500
Eibachs and bumpsteer £400
Lighting £250
Tyres £426 for a set of S0-2 PP.
Jon
1,000 service £41:38
7,500 service £112.94
15,000 service £196.08
Listers of Worcester.
Insurance approx £500 a year.
Petrol £40:00 a week SUL 250-300 out of a tank.
Mods:
Backbox, downpipe and filter £500
Brake upgrade £500
Eibachs and bumpsteer £400
Lighting £250
Tyres £426 for a set of S0-2 PP.
Jon
#23
Just to clarify things:
If you have a company car and provide your own petrol, the company can pay you what it likes for your business mileage (and won't pay you anything for your private mileage). So, if your company pays you 10p/mile and you average 20mpg, it's not encouraging you to use your company car on business.
If you use your own private car for business, the company can, again, pay you whatever it likes but you are entitled to claim back the difference between that and the IR's Authorised Mileage Rate - AMR - (which varies, depending on engine size and reduces after 4000 miles in the year 2001-02 and changes again in the year 2002-03) through your annual tax return. The AMR applies to both the Car Allowances Enhanced Reporting Scheme (CAERS) and the Fixed Profit Car Scheme (FPCS) depending on which your employer has adopted or agreed with the IR.
Full details at
If you have a company car and provide your own petrol, the company can pay you what it likes for your business mileage (and won't pay you anything for your private mileage). So, if your company pays you 10p/mile and you average 20mpg, it's not encouraging you to use your company car on business.
If you use your own private car for business, the company can, again, pay you whatever it likes but you are entitled to claim back the difference between that and the IR's Authorised Mileage Rate - AMR - (which varies, depending on engine size and reduces after 4000 miles in the year 2001-02 and changes again in the year 2002-03) through your annual tax return. The AMR applies to both the Car Allowances Enhanced Reporting Scheme (CAERS) and the Fixed Profit Car Scheme (FPCS) depending on which your employer has adopted or agreed with the IR.
Full details at
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