How much do/have your cars cost you per month to own?

[royobannan]

My Cayman over 3 years including servicing, new clutch and RMS replacement was £175 which I think is pretty good!

[2manycars]

I'd hate to spend the time doing the sums but i reckon in the last 5-6 years i've probably spent £300k-£450k on the purchase, depreciation, and running costs.

[V8RX7]

Nothing.

I prefer older cars (mostly 90's) and I generally change them after 6 months - whilst I might lose on the odd one - I make a profit on others.

My MX5 I've owned for 7 years - it is still worth what I paid for it but I have added stuff (including a supercharger) if I removed that I guess it would be worth £2000 and I paid £3500

£1500/84 = £17.85/month but I won't be selling it for many years so that will reduce.

[IntriguedUser]

Corsa 1.8 sri

Depreciation - £50 p/m
Actual cost of OS - £293 p/m

Lots of modding, being stupid, and still paying back a loan I took out 6 months ago....

[TurboHatchback]

boroandy87 said:

Peugeot 206 - Purchased £4000 - Spent £1000 on repairs (turns our accident damaged and on the register) Sold £2200 3 Months owned So £933.33 p/m March 2006 - June 2006

I bet that stung a bit.

Abagnale said:

Current car cost 21k. Owned for two weeks = £42,000 per month. Hoping that will decrease a little.

Presumably you could sell it for more than £0 though so that isn't really valid. Unless you drove it home then set fire to it of course.

[Abagnale]

TurboHatchback said:

Presumably you could sell it for more than £0 though so that isn't really valid. Unless you drove it home then set fire to it of course.

Presumably I wasn't being entirely serious?

[lufbramatt]

Good job this doesn't include maintenance

1990 VW Passat- bought for £340. Had it for 98 months. could sell it for around a grand now. So £6.70/month appreciation

[Willy Nilly]

There are some very optimistic figures in this thread, I suspect most of them plucked out of the air.

I don't do many miles per year which makes the cost per mile higher, but I suspect my Jazz will cost about 45p per mile, but that is for everything, depreciation, fuel, tax, insurance and including some high maintenance costs. Didn't think it was worth putting much in for interest...

[5lab]

mondeo td. Bought in 2005 for £1000, scrapped in 2011 for £220. £10.80 a month (just under 1p/mile). Was horrible, though

[boroandy87]

TurboHatchback said:

boroandy87 said:

Peugeot 206 - Purchased £4000 - Spent £1000 on repairs (turns our accident damaged and on the register) Sold £2200 3 Months owned So £933.33 p/m March 2006 - June 2006

I bet that stung a bit.

Abagnale said:

Current car cost 21k. Owned for two weeks = £42,000 per month. Hoping that will decrease a little.

Presumably you could sell it for more than £0 though so that isn't really valid. Unless you drove it home then set fire to it of course.

Just a touch, lived and learnt!

[PanzerCommander]

2006 Mustang GT

Bought 5 1/2 years ago for 17,000 + 2300 interest in the loan, 19300 total.

Its now worth around £14k give or take, so £81 per month.

[BoRED S2upid]

For 2 years I ran a BMW 318 e30 the worst one ever bought from auction for £275 scrapped 2 years and 35,000 miles later for £240 very cheap but it was nasty, the rust killed it in the end.

[bentley01]

Two BMW M3s cost me the most. Bought new a coupe which dropped 8 grand in 11 months. This was replaced by a M3 cab which did the same. I clearly did not learn my lesson the first time around!

[TurboHatchback]

Willy Nilly said:

There are some very optimistic figures in this thread, I suspect most of them plucked out of the air.

I don't do many miles per year which makes the cost per mile higher, but I suspect my Jazz will cost about 45p per mile, but that is for everything, depreciation, fuel, tax, insurance and including some high maintenance costs. Didn't think it was worth putting much in for interest...

Not at all, I know exactly what I bought and sold my cars for and when I did it.

I could have asked for total cost per mile but that would require a huge of amount of calculation and remembering every penny spent over the entire ownership which is unlikely. You could include major repairs (not scheduled maintenance) into the costs which would be fair but I think the figures are interesting either way.

bentley01 said:

Two BMW M3s cost me the most. Bought new a coupe which dropped 8 grand in 11 months. This was replaced by a M3 cab which did the same. I clearly did not learn my lesson the first time around!

That's insane, I get itchy about losing more than £1500 a year in depreciation let alone £8000!

[My Evil Twin]

Just sold my UK spec WRX Sat'

Cost for car, import taxes, Head lights. Basicly OTR here. €8000
6months later, sold for €6800

€33/mth

OK so its cost me abit to keep it OTR and Im not including the rust proofing, engine heaters, SS exhaust etc etc

[romeogolf]

£6,000 deposit
£330/month for 24 months.

= £13,920
= £580/month

I doubt there'll be an equity in the car on return. That includes a service agreement and, being a 2-year deal, no MOTs. I didn't choose it for financial/economic reasons. It was just pretty

[Matt UK]

Willy Nilly said:

There are some very optimistic figures in this thread, I suspect most of them plucked out of the air.

You need to read the OP - we are answering as asked, with facts.

I see your point though, iys about running costs. Older cars often cost more in running costs, newer cars more in depreciation. But not always...

[Poopipe]

Mx5 lost me 400 over 2 years
172 lost me 500 over 2.5 years
Scooby made me 100 over 2 years
So thats what? 120 a year ish on average

Thats naff all really.