Pence per mile?

[s3fella]

Jonno02 said:

30ppm on a leased Cupra 290 black edition.

That seems cheap? Surely fuel is near 20p pm?

If it is correct that seems a bargain.

[Liggle]

Predicted for 2016 Octavia vRS Tdi (leased) - 37ppm, 40k miles over 2 years paying excess miles

Real figures I've tracked on my daily's:

2008 Civic Type-R (15k miles) - 40ppm
2003 Mondeo 2.0 Duratec (7k miles) - 29ppm
2008 BMW 325d (16k miles) - 38ppm

Verdict: Leasing if the right deal is as good value as buying used, and I still get to change my car regularly

[mcflurry]

Toyota white appliance - 12k a year

Monthly depreciation cost £201
VED zero
Still in warranty

Consumables
2 x tyres per year £120 (£60 for each Dunlop)
Servicing per year £150 (average of 1 x A, 1 x B)

Fuel
Petrol @ £1.20/L @ 60mpg x 12000 - £1092

Total cost per year £3774
Cost per mile 31.45p

[John Laverick]

2007 E92 M3 over 1 year and 20'000 miles =

Depreciation £0.10
Finance interest £0.06
Insurance £0.05
Road Tax £0.03
Fuel cost £0.21
Brakes £0.03
Tyres £0.04
Service £0.03
Warranty £0.05
Cost per mile total £0.58

TOTAL: £11,660.83

[stumpage]

Just worked this out for the TVR for the last year.

Lots of work this year totalling £2500+, Insurance, Tax, Service, Fuel and only done 400 miles.

£8.85 per mile.

[The Don of Croy]

My last few cars - taken from the spreadsheet.

The miles is the total in my ownership, depreciation is actual (except the three cars still in use - assumed value) and 'costs' include insurance, MOT, repairs, servicing, tyres BUT NOT FUEL.

Car Reg Miles Dep. Costs Total

Micra 1.0 Tropic M151AUF 104200 6.80 4.43 11.23
Nissan Almera 2.0 Gti R796FBH 41500 4.50 10.40 14.90
Ford Smax 1.8 Tdi LX GN56KYY 44000 9.00 5.95 14.95
Scenic 1.6 16v V891JGW 26172 8.40 6.60 15.00
Jazz 1.4 LG54VRM 27400 6.50 8.50 15.00
Volvo 850 GLT 20V 2.5 N883CKX 27500 4.20 13.80 18.00
Fiat Multipla 1.9 Jtd GJ53OEP 61800 12.30 7.00 19.30
BMW 325Ti Msport GF52XYP 34977 16.80 11.68 28.48
Volvo V70 SE D5 T***AG 13302 8.30 27.86 36.16
Toyota MR2 C***VV 21770 11.55 17.37 28.92
Jazz DUO9 D****TW 32808 13.70 5.76 19.46
Mazda CX7 PJ57LBP 16842 14.60 20.70 35.30
BMW X1 23d T****G 13485 9.30 10.53 19.83

The Volvo was a dog, the Micra simply brilliant, the MR2 is pampered, the CX7 very nice but costly, and the Jazz's continue to impress.

[ayman82]

Golf Estate R
Currently at 69.02ppm after 6,900 miles.

[Prof Prolapse]

I think the thread immediately shows this shouldn't be taken too seriously, used cars with running costs measured across just 12 months are unlikely to be comparable with the four year terms on new cars. It's too complicated and there's far too much speculation.

Good fun though.

[S. Gonzales Esq.]

1997 BMW 540i - 43p per mile over five years / 50k miles. Given it only does 20 mpg I was fearing worse.

[anonymous-user]

2008 Volvo C70 D5. Over 2.5 years and about 60k miles it has been 27p for absolutely everything EXCEPT depreciation. Taking a rough stab at what it might be worth today it's 33p a mile.

Only half of the running costs are fuel. Servicing, tax, insurance, and repairs make up the other half.

1992 XJR-S 6.0 is currently at 42p a mile in fuel alone vs 12p a mile in fuel for the C70. Mileage is not high enough for the total running costs to be anything but idiotic.

Edited by dme123 on Tuesday 21st February 18:00

[Highway Star]

Liggle said:

Predicted for 2016 Octavia vRS Tdi (leased) - 37ppm, 40k miles over 2 years paying excess miles

Currently on 42p/mile for my 2015 vRS diesel, owned outright since late 2015 and 18000 miles - take out depreciation and its 17p. I'm planning on keeping it a good while (potentially 100k miles+) and the depreciation/mile is probably at its steepest at the moment, so might eventually get down nearer 35p or lower hopefully.

Previous, all inc. depreciation
Octavia 4x4 petrol - 33p/mile over 90k
SLK230 - 46p/mile over 66k
W124 E320 Coupe - 41p/mile over 8k (only 2p/mile depreciation though!)
Panda 100HP - 34p/mile over 21k
Fiat Coupe 20VT - 53p/mile over 17k (was modified and leggy)

[Crusoe]

2015 F30 320ED Auto
20k miles in 6 months with an actual 68mpg average. 7-8 pence a mile.

50k service pack, tyres all have plenty of life and brakes show over 40k miles of life left in the pads so fuel the only cost.

Depreciation maybe £3k so far so 15 pence a mile for that though it should go down slightly over time.

Total about 23p a mile

[Liggle]

Highway Star said:

Currently on 42p/mile for my 2015 vRS diesel, owned outright since late 2015 and 18000 miles - take out depreciation and its 17p. I'm planning on keeping it a good while (potentially 100k miles+) and the depreciation/mile is probably at its steepest at the moment, so might eventually get down nearer 35p or lower hopefully.

I love mine, easy 50+ mpg which I was suprised at. The 37ppm is based on 20k miles excess @ 8.4ppm, from what I've read you can adjust the contract mileage mid-term for a more favourable rate so I could potentially drop below 35ppm too.

[Highway Star]

Liggle said:

I love mine, easy 50+ mpg which I was suprised at. The 37ppm is based on 20k miles excess @ 8.4ppm, from what I've read you can adjust the contract mileage mid-term for a more favourable rate so I could potentially drop below 35ppm too.

Mine suits my needs very well too and I think it's quite pretty to look at. I'm averaging dead on 50mpg over the 18k miles I've driven in it and I drive into Oxford every day at rush hour, so there's a lot of stop-start driving in that. I'm going to wait until the warranty expires and then remap it - I've seen talk of a Stage 1 map getting it to around 235bhp and 350+lbft. Only thing I don't like are the fake exhaust outlets, but a new exhaust might cure that.

[seopher]

I drive a 6.1 litre Jeep that averages 10.3mpg.

I'm not working out the pence per mile it costs me to run because even for a decade old machine it's going to be doing some damage to my wallet.

[RizzoTheRat]

Not been tracking it for a while but when I was I reckoned my Octavia works out at about 25p/mile

I had a turbo diesel ZX some years back and over 100k miles it worked out at 9p/mile...profit! Majority of the mileage was for work so I was claiming for it, car only cost me a few grand, I got £90 scrap for it with 198k miles on the clock, and I ran it veg oil at about 50p/litre.

[H6Nathan]

Current car - leased 2016 VW Passat GT Estate 150
26.1ppm over appx 40k pa

Previous car - owned 2005 Legacy 3.0 Estate
29ppm over appx 18k pa

So the more miles you do the cheaper it gets! Who knew...

Edited by H6Nathan on Wednesday 22 February 12:12

[OneTwo]

2008 Mini Cooper R56 roughly 12k miles per year...

Insurance: £250pa
Tax: £110pa
Service, Repair, MOT: £330pa
Depreciation: £800pa
Fuel @44mpg/£115.9per ltr: £1400pa

24p per mile

Edited by OneTwo on Wednesday 22 February 12:30

[Torquey]

I must have this wrong, compared to others:
Swift sport over 24 months.
miles 10k
depreciation £500
Insurance £550
Tax £230
Service £250
MOT £60
=16ppm
+
Fuel@ 19ppm

total 35ppm.

[OneTwo]

Some wildly different parameters being used I think.

To level the playing field try using http://www.thisismoney.co.uk/money/cars/article-16...

Worked fairly accurately for my Mini Cooper example above.

Maybe for PCP/Lease deals put purchase and resale as £0 and in the 'other' box put the sum of (cost of monthly payments multiplied by term of agreement) plus (initial and final payments), (divided by length of agreement) = Other cost per month
(e.g. (£249 x 48) + (£1000 + £50) / (48) = Amount to put in 'other' box. Does that work?