How much does your car cost per month?
Discussion
2014 VW Golf
Insurance £33
Tax £2.50
Fuel £100 (slightly more at the moment as I've moved offices for seven weeks)
Loan repayment £256
£391 in total
I've got £8,000 left on my loan and WBAC are offering just under £9,000 so without the loan repayment it's £135.50 a month.
Since April 2019 I've spent the following on it...
£419 on water pump / cam belt change and a service
£32 on wind screen wipers
£150 on tyres
£35 MOT
Works out £35 a month in 18 months (another service and MOT are next month though).
Happy with that. One of the reasons why I don't want to get rid of it.
Insurance £33
Tax £2.50
Fuel £100 (slightly more at the moment as I've moved offices for seven weeks)
Loan repayment £256
£391 in total
I've got £8,000 left on my loan and WBAC are offering just under £9,000 so without the loan repayment it's £135.50 a month.
Since April 2019 I've spent the following on it...
£419 on water pump / cam belt change and a service
£32 on wind screen wipers
£150 on tyres
£35 MOT
Works out £35 a month in 18 months (another service and MOT are next month though).
Happy with that. One of the reasons why I don't want to get rid of it.
anonymous said:
[redacted]
Absolutely understand that, but right now there is nowhere to go, no track days, no point in buying a car to park it ( I drive a lot normally). Driving around just for the hell of it fades after a while. There are great numbers of people in many industries who are badly hit...entertainment, restaurants, pubs and so on, and I wish there were some magic that would make this whole nightmare go away. It will be quite a while before we get back to anything resembling normal. So, unfortunately my costs will be very low, like most people.
2014 330d touring.
- insurance
- tax
- fortnightly fill-up
- annual service (say, £500.00)
- £600pa "garage contingency" (covers replacement brakes, tires or similar)
- depreciation
£430 per month.
Pretty average and hopeful free of self-deceiving man-maths!
The same calcs for my previous car, a 2005 CLS55, came out at a sniff under £700.00; the odd thing is that while an additional £300.00/month isn't immaterial to me, the drip-drip nature of the expenditure means I don't really notice the saving.
- insurance
- tax
- fortnightly fill-up
- annual service (say, £500.00)
- £600pa "garage contingency" (covers replacement brakes, tires or similar)
- depreciation
£430 per month.
Pretty average and hopeful free of self-deceiving man-maths!
The same calcs for my previous car, a 2005 CLS55, came out at a sniff under £700.00; the odd thing is that while an additional £300.00/month isn't immaterial to me, the drip-drip nature of the expenditure means I don't really notice the saving.
TurboHatchback said:
TyrannosauRoss Lex said:
Lexus LS460
Depreciation £0
Fuel £65 give or take
VED £50
Insurance £35
Maintenance/MOT £30 or so but clearly can vary. Have only had it 11 months....this may rise
So around £180/month or so.
I'm guessing you don't drive very far?Depreciation £0
Fuel £65 give or take
VED £50
Insurance £35
Maintenance/MOT £30 or so but clearly can vary. Have only had it 11 months....this may rise
So around £180/month or so.
If classic cars come into the equation then I would seem on paper to have done rather well, although that did not come into the equation nor still does just like most classic owners.
Cost of Lynx D-type 2002 £50,000
Cost of conversion to XKSS £35,000
Insurance £1,000 p.a x18 £18,000
Fuel @15 mpg and 20,000 miles say £ 5,000
Servicing not a lot but say £ 3,000
Tyres (12) £ 3,000
Spax adjustables £ 600
Oil 1 litre per 1,000 £ 100
Grand total £115,700
I can't really think of much else; one Red Top battery in 18 years comes to mind, a new speedo cable, but the car has never needed much in the way of attention. Servicing we do ourselves, but you could of course add the Carcoon if you wish. The car's current value exceeds the total cost so happy days.
Cost of Lynx D-type 2002 £50,000
Cost of conversion to XKSS £35,000
Insurance £1,000 p.a x18 £18,000
Fuel @15 mpg and 20,000 miles say £ 5,000
Servicing not a lot but say £ 3,000
Tyres (12) £ 3,000
Spax adjustables £ 600
Oil 1 litre per 1,000 £ 100
Grand total £115,700
I can't really think of much else; one Red Top battery in 18 years comes to mind, a new speedo cable, but the car has never needed much in the way of attention. Servicing we do ourselves, but you could of course add the Carcoon if you wish. The car's current value exceeds the total cost so happy days.
Whilst saving up for something a bit special my current daily is an Audi B8 S4 (330bhp).
Road tax = £325/year = £27/month
Fuel = £15/week = £60/month (not doing as much commuting as before)
Ins = £330/year = £27.50/month
MOT = £55/year = £4.58/month
Maintenance so far this year = oil change = £50 = £4.16/month
Total = £123.24/month
Car bought 2nd hand with cash for £11,000 (will likely be worth the same if not a little more if I sold it now due to it being low milage, manual and low tax band - sought after model)
Going forward - the same yearly costs as long as nothing breaks.
I guess the advice to reduce your monthly outgoings is to buy 2nd hand cars to keep for a few years and avoid finance rentals like the plague.
If ignoring the 'statutory' costs all cars have (Ins, MOT, TAX) to leave just fuel economy and maintenance then its only £64.58/month. Very affordable for a 330bhp saloon car.
Road tax = £325/year = £27/month
Fuel = £15/week = £60/month (not doing as much commuting as before)
Ins = £330/year = £27.50/month
MOT = £55/year = £4.58/month
Maintenance so far this year = oil change = £50 = £4.16/month
Total = £123.24/month
Car bought 2nd hand with cash for £11,000 (will likely be worth the same if not a little more if I sold it now due to it being low milage, manual and low tax band - sought after model)
Going forward - the same yearly costs as long as nothing breaks.
I guess the advice to reduce your monthly outgoings is to buy 2nd hand cars to keep for a few years and avoid finance rentals like the plague.
If ignoring the 'statutory' costs all cars have (Ins, MOT, TAX) to leave just fuel economy and maintenance then its only £64.58/month. Very affordable for a 330bhp saloon car.
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£350 per month loan and no car 
A loan I set up several months back to buy a used 350 Exige. Yes I did set the payment at that, just so it reminded me what a wonderful thing I was buying.
Frustratingly, despite looking since April and being ready to pull or fist whatever, I've still not found a decent car. All of 4 across both AT and PH under 50K
Hopefully get one soon and be able to post some shoestring running costs.
A loan I set up several months back to buy a used 350 Exige. Yes I did set the payment at that, just so it reminded me what a wonderful thing I was buying.
Frustratingly, despite looking since April and being ready to pull or fist whatever, I've still not found a decent car. All of 4 across both AT and PH under 50K
Hopefully get one soon and be able to post some shoestring running costs.
Edited by Rick101 on Wednesday 14th October 17:17
Rick101 said:
£350 per month loan and no car
A loan I set up several months back to buy a used 350 Exige. Yes I did set the payment at that, just so it reminded me what a wonderful thing I was buying.
Frustratingly, despite looking since April and being ready to pull or fist whatever, I've still not found a decent car. All of 4 across both AT and PH under 50K
Hopefully get one soon and be able to post some shoestring running costs.
Heading into winter might present the odd good deal to be had. And you'll already have paid a nice chunk off. A loan I set up several months back to buy a used 350 Exige. Yes I did set the payment at that, just so it reminded me what a wonderful thing I was buying.
Frustratingly, despite looking since April and being ready to pull or fist whatever, I've still not found a decent car. All of 4 across both AT and PH under 50K
Hopefully get one soon and be able to post some shoestring running costs.
Edited by Rick101 on Wednesday 14th October 17:17
I'm trying not to think about it!
I bought my BMW Z4M Coupe last December and have had an Inspection 2 and replacement crank rod bearing shells so £2K+, and I haven't done 2,000 miles in it yet.
But at least it won't need any major service items for a while - I just need to get the OE wheels refurbed, new tyres fitted, suspension changed and a full alignment done!
I bought my BMW Z4M Coupe last December and have had an Inspection 2 and replacement crank rod bearing shells so £2K+, and I haven't done 2,000 miles in it yet.
But at least it won't need any major service items for a while - I just need to get the OE wheels refurbed, new tyres fitted, suspension changed and a full alignment done!
brickwall said:
Averaging £270 a year on insurance and just over £1,000 on maintenance is damn good going
I spend half the year working away, sometimes I pause the insurance until I'm home. Also clean licence, full NCB and living in a relative backwater has its advantages.I admit I've been lucky with maint, but I do some of my own stuff. It's when it comes to working with stuff I know is gonna be a pain that it goes in the garage.
2015 Fiesta ST
depreciation: £120 / month to date but likely to reduce as depreciation curve flattens off
insurance : £23 / month
Fuel: £60 / month
Tax: 15.50 / month
£220 / month or £2621 per year
Its not a huge figure but its more than I expected it to be and doesn't account for maintenance and consumables
Brake pads: £100 / year
Tyres: £160 / year
Oil + Filter: £40 / year
Another £25 / month so basically the guts of £250 / month for me.
To put that into perspective the Mortgage on my first flat was just over that a month. Scary how much cars cost when you break it all out.
depreciation: £120 / month to date but likely to reduce as depreciation curve flattens off
insurance : £23 / month
Fuel: £60 / month
Tax: 15.50 / month
£220 / month or £2621 per year
Its not a huge figure but its more than I expected it to be and doesn't account for maintenance and consumables
Brake pads: £100 / year
Tyres: £160 / year
Oil + Filter: £40 / year
Another £25 / month so basically the guts of £250 / month for me.
To put that into perspective the Mortgage on my first flat was just over that a month. Scary how much cars cost when you break it all out.
Four years ago I bought a Mercedes C270 CDI for £1500. Since then all its had is glow plugs, a couple of TCA`s and a couple of services. ( I do my own)
It runs as sweet as a nut and does 50MPG, who wants to spend shed loads on a car?
£256 Insurance, £320 Road Tax, £40 MOT about £50- £70 a month fuel. So far this year nothing has needed doing mechanically.
By the way, I have a Merc` R129 stored in the garage that costs even less to run, and it appreciates in value. ( hopefully ? )
It runs as sweet as a nut and does 50MPG, who wants to spend shed loads on a car?
£256 Insurance, £320 Road Tax, £40 MOT about £50- £70 a month fuel. So far this year nothing has needed doing mechanically.
By the way, I have a Merc` R129 stored in the garage that costs even less to run, and it appreciates in value. ( hopefully ? )
Mr Tidy said:
I'm trying not to think about it!
I bought my BMW Z4M Coupe last December and have had an Inspection 2 and replacement crank rod bearing shells so £2K+, and I haven't done 2,000 miles in it yet.
But at least it won't need any major service items for a while - I just need to get the OE wheels refurbed, new tyres fitted, suspension changed and a full alignment done!
You’ve got a great one Mr Tiday, have seen from the Z4 Forum. I bought my BMW Z4M Coupe last December and have had an Inspection 2 and replacement crank rod bearing shells so £2K+, and I haven't done 2,000 miles in it yet.
But at least it won't need any major service items for a while - I just need to get the OE wheels refurbed, new tyres fitted, suspension changed and a full alignment done!
At least you won’t lose anything in depreciation, which is the massive killer (which some people have neglected to include)
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