How much does your car cost per month?
Discussion
2002 RS6 Avant. Bought outright 6 years 5 months ago. Not an everyday car, but done roughly 5K a year.
Running Costs
Insurance: £1,680
Minor Breakdown: £780
Tyres: £1,740
Servicing/Repairs: £7,576
Tax: £1,596
Upgrades: £500
Total Running Costs: £13,872
Per Month= £178
Per Month With Fuel= £294
New gearbox will put a dent in the monthly figure but after it's done will take it to about £230 a month without fuel.
Running Costs
Insurance: £1,680
Minor Breakdown: £780
Tyres: £1,740
Servicing/Repairs: £7,576
Tax: £1,596
Upgrades: £500
Total Running Costs: £13,872
Per Month= £178
Per Month With Fuel= £294
New gearbox will put a dent in the monthly figure but after it's done will take it to about £230 a month without fuel.
gizlaroc said:
brickwall said:
Just ran the calcs for my Boxster - over 37 months and 11,000 miles
Depreciation £71
Insurance and tax: £64
Maintenance and repairs: £270
Fixed (ish) costs: £405
Fuel: £74
Total: £479
Haven't included cost of capital, but that's fairly negligible - adds about £8 per month
So yes, you can own a fun car with minimal depreciation, but as they get older the maintenance and repair bills do tend to rise a bit to compensate.
Have swapped for a 3-month old M140i - I reckon all in over 3-5 years it might be 10-20% per month more expensive, but obviously the balance will be much more towards depreciation.
Hey? Depreciation £71
Insurance and tax: £64
Maintenance and repairs: £270
Fixed (ish) costs: £405
Fuel: £74
Total: £479
Haven't included cost of capital, but that's fairly negligible - adds about £8 per month
So yes, you can own a fun car with minimal depreciation, but as they get older the maintenance and repair bills do tend to rise a bit to compensate.
Have swapped for a 3-month old M140i - I reckon all in over 3-5 years it might be 10-20% per month more expensive, but obviously the balance will be much more towards depreciation.
Are you mixing monthly with annual and/or overall costs?
What is your monthly cost?
Which line did you think was an annual figure?
kambites said:
£270 a month for maintenance and repairs? You've spent ten grand on servicing in three years? 
Yes I have 
That does include some consumables (new rear tyres were £400), and £300 of stereo upgrades (Dension Bluetooth system)) but mostly it's servicing and repairs.
I like to think I looked after it well. My wallet certainly thinks so...
Off the top of my head, it had:
- Clutch and Rear Main Seal
- Aircon pipes and condensers
- Rear springs
- MAF sensor, and air/oil separator
- Rear electronic control unit
- Steering rack
- Two minors and one major service
2016 Renault ZOE 22kWh
Purchased last year at the end of a PCP for £5850.
For February - about 850 miles
Tax £0
Battery hire £49
Insurance £21
Polar charging membership £7.85
Charging at home 216kWh @5p so £10.80
Charging outside 5.4kWh @10.8p so 58p
Maintenance £8 (£100/yr)
About £100/month plus depreciation (they’ve held their value pretty well but say it’ll be worth £3k at four years old, call it another £120/month plus interest on the personal loan that pays for it..)
Plus saved £80 in parking at my local station
Purchased last year at the end of a PCP for £5850.
For February - about 850 miles
Tax £0
Battery hire £49
Insurance £21
Polar charging membership £7.85
Charging at home 216kWh @5p so £10.80
Charging outside 5.4kWh @10.8p so 58p
Maintenance £8 (£100/yr)
About £100/month plus depreciation (they’ve held their value pretty well but say it’ll be worth £3k at four years old, call it another £120/month plus interest on the personal loan that pays for it..)
Plus saved £80 in parking at my local station
roadsmash said:
Monkeylegend said:
CharlieH89 said:
Currently lease a Fiesta ST Line, £165 p/m.
Insurance £45 p/m.
Fuel ~£70 p/m (work 1.5 miles away. Haven’t cycled in the winter, as my stomach is showing)
No down payment ?Insurance £45 p/m.
Fuel ~£70 p/m (work 1.5 miles away. Haven’t cycled in the winter, as my stomach is showing)
I’ve worked out that we’re paying an eye watering amount for cars each month...
I have a Skoda vRS as a company car and the tax implications are bloody painful now.
Loss of car allowance - £190 (net)
Damage waiver - £10 (worth every penny)
Contribution - £50 (to drive a slightly better car plus options)
Monthly BIK tax - £290 (higher rate as of April 1st)
Fuel - £180 a month
Total £720 for a bloody Skoda!
My other half has a MINI Cooper
Car payment - £252
Insurance - £31
Fuel - £80 a month
Servicing - £12 (cost of service pack spread over 36 months
MOT - N/A until July
Tyres - £4.50 (pair of front tyres to date)
Deposit - £45 (£1,500 spread over 33 months to date)
Depreciation - god knows. Not sure I really want to know!
Total - £424.50 a month to date before factoring in depreciation.
Overall cost per month - £1,144.50
Way too much. I’m opting out of my company car scheme in September when the vRS is due to go back because it’s too expensive now. Plan is to buy something for c£300 a month and then factoring insurance, VED and a maintenance pot, I reckon I’ll be at c. £440 a month.
The MINI is going back in June because it’s too expensive given what my other half uses it for and we’re buying her mums old 116 of her as a cheap run about. Idont mi d the idea of forking out for cars, but we’re forking our a s
t ton of mo day each month for two ok cars.
I have a Skoda vRS as a company car and the tax implications are bloody painful now.
Loss of car allowance - £190 (net)
Damage waiver - £10 (worth every penny)
Contribution - £50 (to drive a slightly better car plus options)
Monthly BIK tax - £290 (higher rate as of April 1st)
Fuel - £180 a month
Total £720 for a bloody Skoda!
My other half has a MINI Cooper
Car payment - £252
Insurance - £31
Fuel - £80 a month
Servicing - £12 (cost of service pack spread over 36 months
MOT - N/A until July
Tyres - £4.50 (pair of front tyres to date)
Deposit - £45 (£1,500 spread over 33 months to date)
Depreciation - god knows. Not sure I really want to know!
Total - £424.50 a month to date before factoring in depreciation.
Overall cost per month - £1,144.50
Way too much. I’m opting out of my company car scheme in September when the vRS is due to go back because it’s too expensive now. Plan is to buy something for c£300 a month and then factoring insurance, VED and a maintenance pot, I reckon I’ll be at c. £440 a month.
The MINI is going back in June because it’s too expensive given what my other half uses it for and we’re buying her mums old 116 of her as a cheap run about. Idont mi d the idea of forking out for cars, but we’re forking our a s
t ton of mo day each month for two ok cars.So, i sold my 340i week before last, and cost was a large part of the reason behind selling.
Monthly
Loan - £453
Tax - £16
Insurance - £150
Fuel - £250 (wow, didn't realise it was that much. I use the bike for work, car did runs between manchester/S'oton every week and a half or so.)
Depreciation- £500
Total - £1119 without fuel, £1369 with...
Edited: £500 depreciation monthly from purchase price and sale price.
Fortunately it motivated me to take my first two trips to the Nurburgring, and I had a hell of a lot of fun, plus still saved a good £15k over ownership so, all is well!
Conversely, I'm now buying a car that will serve as a run around for 4/5 months before i go to the Middle East for 6 months with work. My limit is £1500, insurance will be around £400 a year.
Fiesta Mk7/8 when I return in February
Monthly
Loan - £453
Tax - £16
Insurance - £150
Fuel - £250 (wow, didn't realise it was that much. I use the bike for work, car did runs between manchester/S'oton every week and a half or so.)
Depreciation- £500
Total - £1119 without fuel, £1369 with...
Edited: £500 depreciation monthly from purchase price and sale price.
Fortunately it motivated me to take my first two trips to the Nurburgring, and I had a hell of a lot of fun, plus still saved a good £15k over ownership so, all is well!
Conversely, I'm now buying a car that will serve as a run around for 4/5 months before i go to the Middle East for 6 months with work. My limit is £1500, insurance will be around £400 a year.
Fiesta Mk7/8 when I return in February
Edited by NooBish AbbZ on Tuesday 5th March 18:03
NooBish AbbZ said:
So, i sold my 340i week before last, and cost was a large part of the reason behind selling.
Monthly
Loan - £453
Tax - £16
Insurance - £150
Fuel - £250 (wow, didn't realise it was that much. I use the bike for work, car did runs between manchester/S'oton every week and a half or so.)
Total - £619 without fuel, £869 with...
Did you sell for less than you paid?Monthly
Loan - £453
Tax - £16
Insurance - £150
Fuel - £250 (wow, didn't realise it was that much. I use the bike for work, car did runs between manchester/S'oton every week and a half or so.)
Total - £619 without fuel, £869 with...
Car allowance of £550 net a month,
I previously ran an S7, which even with mileage allowance, was ruinously expensive in tyres, depreciation, stuff, bits and things, but mostly fuel, and fuel, plus fuel. 30,000 mpa of fekken fuel.
For £400 a month, being a combination of a loan and a loan to myself from savings, I run a low miler A4 Avant, mid spec 13 plate, and a mint S4 928. I bought both in the last month after selling the S7.
It's a catering spec Audi but it gives me 45 mpg and the Porker gets used for commutes and weekends.
For that £400 i could have leased a boggo 320d (remember - 30,000 miles a year) or suffered the steep bit of the depreciation curve on a mid spec Exec saloon/ SUV.
I previously ran an S7, which even with mileage allowance, was ruinously expensive in tyres, depreciation, stuff, bits and things, but mostly fuel, and fuel, plus fuel. 30,000 mpa of fekken fuel.
For £400 a month, being a combination of a loan and a loan to myself from savings, I run a low miler A4 Avant, mid spec 13 plate, and a mint S4 928. I bought both in the last month after selling the S7.
It's a catering spec Audi but it gives me 45 mpg and the Porker gets used for commutes and weekends.
For that £400 i could have leased a boggo 320d (remember - 30,000 miles a year) or suffered the steep bit of the depreciation curve on a mid spec Exec saloon/ SUV.
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