How much does your car cost per month?

[Jaguar steve]

nickfrog said:

Old Merc said:

who wants to spend shed loads on a car?

Not me, that's for sure.

Me neither. I run my three old cars on a shoestring.

The less I spend on cars the more I have to spend on other things.

[redandwhite]

TVRBRZ said:

I see this thread as the equivalent of an angel on my shoulder reminding me not to buy a lovely new bit of metal on pcp but to keep topping up the pension....

Whereas everytime there is an article or post on the new Defender or some equally desirable german/jag/Volvo super estate or coupe the devil on my shoulder says "PCP IT TO THE MAX.."

Currently the angel is winning to the tune of a completely depreciated Scooby and an expendable Suzuki. With tax relief, the equivalent of a PCP that I put in the pension is probably the equivalent of a new 3 series every three years before any increase in fund value. Boring or what!

At some stage I do hope that the devil wins otherwise WTF am I doing on Pistonheads....

to be honest ever since i 'bumped' this thread the cost thing has gotten back in my head. Currently wondering why i pay £330 py for VED (hence my other thread)

[TVRBRZ]

I wonder if certain costs, even if no more in the general scheme of things, hurt more than others?

I hate paying insurance and VED but will happily splurge on decent tyres, oil or pads.

Depreciation is one of those things that you don't see until point of sale, my legacy was bought as a 3yr old for £14k and 4 years later WBAC reckon it is £2500! I'll need to keep it another year just to make the overall cost of ownership more tolerable. Hence why I may be tempted next year by a PCP deal as at least I can predict the depreciation instead of live in cloud cuckoo land that a 7 year old scooby is still worth something!

[gizlaroc]

Jaguar steve said:

nickfrog said:

Old Merc said:

who wants to spend shed loads on a car?

Not me, that's for sure.

Me neither. I run my three old cars on a shoestring.

The less I spend on cars the more I have to spend on other things.

Yeah me too.

I just signed up to the knitting forum. They were asking how much they all spend on wool each month.

I smugly said "I spend nothing, leaves me to spend more on other things."



Sorry couldn't resist.


The fact is, for many, running a car on a shoe string only only works if, you don't rely on your car, you only do 250 odd miles a month or even less. Never really go much further than local or if you do it is just for pleasure.

Once you start doing 20, 30, 40 thousand miles a year or you need your car for work there is very little in it driving a 7-10 year old car vs something new or nearly new.

[gizlaroc]

Magnum 475 said:

We run three cars:

Wife's BMW 220 - paid for, so costs tax, insurance and occasional servicing. Easily <£750 / year

My E220D - bought for cash new in 2012. Costs tax, insurance and servicing. c£1,000 / year

My 987S - also bought for cash s/h in 2008. Costs tax, insurance and service. c£1,000 / year

The E220 is now at the point where at 8 years & 150000 miles it's going to need some big expenditure. WBAC will be having it soon and I'll replace it with something newer. Probably an M240i or M2. Again, I'll pay cash as I don't like monthly outgoings. My car fund has been growing happily ever since I bought the E class, so paying cash is no problem.

Magnum 475 said:

We run three cars:

Wife's BMW 220 - paid for, so costs tax, insurance and occasional servicing. Easily <£750 / year

My E220D - bought for cash new in 2012. Costs tax, insurance and servicing. c£1,000 / year

My 987S - also bought for cash s/h in 2008. Costs tax, insurance and service. c£1,000 / year

Depreciation? Ball park?


Be really interested to compare the say E220 with the 911 S.

I just picked up an E220 estate, 2012, 61k miles for a smidge under £6k.
That had an original invoice of £34k. So depreciated at just under £4000 a year, over the 7.5 years he owned it.


A 2008 997.2 S is still going to be £32k with 60k miles on it, more with less miles. It was what, just slightly over the £70k mark new? £76k with some options?
So over the period that has cost you what? Maybe £3500 a year in depreciation.


What about the BMW 220? I would guess that has depreciated even more?

[Fastdruid]

TVRBRZ said:

I wonder if certain costs, even if no more in the general scheme of things, hurt more than others?

I hate paying insurance and VED but will happily splurge on decent tyres, oil or pads.

Depreciation is one of those things that you don't see until point of sale, my legacy was bought as a 3yr old for £14k and 4 years later WBAC reckon it is £2500! I'll need to keep it another year just to make the overall cost of ownership more tolerable. Hence why I may be tempted next year by a PCP deal as at least I can predict the depreciation instead of live in cloud cuckoo land that a 7 year old scooby is still worth something!

It does somewhat amaze me that people are prepared to blow many £k (either in depreciation or on monthlies) on reducing VED and mpg by what is, over their "life" with the vehicle a relatively small amount.

I agree with you about hating VED though. What particularly sticks in the craw there is that for newer cars with worse CO2 now pay less.

[SidewaysSi]

Jaguar steve said:

nickfrog said:

Old Merc said:

who wants to spend shed loads on a car?

Not me, that's for sure.

Me neither. I run my three old cars on a shoestring.

The less I spend on cars the more I have to spend on other things.

I didn't think you were the drugs and stripper type

[TVRBRZ]

Fastdruid said:

I agree with you about hating VED though. What particularly sticks in the craw there is that for newer cars with worse CO2 now pay less.

Especially as reported by some news outlets, many hybrids are never charged and run around all the time on petrol, making emissions far worse than an older vehicle with a much higher VED....

[Fastdruid]

TVRBRZ said:

Fastdruid said:

I agree with you about hating VED though. What particularly sticks in the craw there is that for newer cars with worse CO2 now pay less.

Especially as reported by some news outlets, many hybrids are never charged and run around all the time on petrol, making emissions far worse than an older vehicle with a much higher VED....

There you have the whole joke that is BIK being based off VED.

I mean I hate diesels with a passion but when your choice is between two dull cars but one will cost you thousands less in tax who can blame anyone for going for the lowest tax costing car? I know I would even with my hate of the devils fuel.

[AC43]

TVRBRZ said:

I see this thread as the equivalent of an angel on my shoulder reminding me not to buy a lovely new bit of metal on pcp but to keep topping up the pension....

Whereas everytime there is an article or post on the new Defender or some equally desirable german/jag/Volvo super estate or coupe the devil on my shoulder says "PCP IT TO THE MAX.."

Currently the angel is winning to the tune of a completely depreciated Scooby and an expendable Suzuki. With tax relief, the equivalent of a PCP that I put in the pension is probably the equivalent of a new 3 series every three years before any increase in fund value. Boring or what!

At some stage I do hope that the devil wins otherwise WTF am I doing on Pistonheads....

My priorities have always been property and, to a lesser extent, pensions. Cars I buy now and again when I amass a lump some for one reason or another.

I can understand people financing cars if they do huge miles but I live in London and don't.

[Magnum 475]

gizlaroc said:

Magnum 475 said:

We run three cars:

Wife's BMW 220 - paid for, so costs tax, insurance and occasional servicing. Easily <£750 / year

My E220D - bought for cash new in 2012. Costs tax, insurance and servicing. c£1,000 / year

My 987S - also bought for cash s/h in 2008. Costs tax, insurance and service. c£1,000 / year

The E220 is now at the point where at 8 years & 150000 miles it's going to need some big expenditure. WBAC will be having it soon and I'll replace it with something newer. Probably an M240i or M2. Again, I'll pay cash as I don't like monthly outgoings. My car fund has been growing happily ever since I bought the E class, so paying cash is no problem.

Depreciation? Ball park?


Be really interested to compare the say E220 with the 911 S.

I just picked up an E220 estate, 2012, 61k miles for a smidge under £6k.
That had an original invoice of £34k. So depreciated at just under £4000 a year, over the 7.5 years he owned it.


A 2008 997.2 S is still going to be £32k with 60k miles on it, more with less miles. It was what, just slightly over the £70k mark new? £76k with some options?
So over the period that has cost you what? Maybe £3500 a year in depreciation.


What about the BMW 220? I would guess that has depreciated even more?

Depreciation: the Merc I bought pre-reg with a whole 97 miles on the clock and paid £29k for it. Was happy with that. WBAC have offered me £5.5k for it, which I'll probably take. In round terms £24k over 8 years, so not complaining at that. The wife's 220 was bought at 2.5 years old for £17k - I have no idea what it's worth now, and we've got no plans to change it any time soon. I can't even remember what I paid for the 987S, as it was 12 years ago. I've got the invoice somewhere, but that was bought more for fun than anything else.

I usually keep cars a long time rather than change every three years. For contrast, had I leased an equivalent E Class based on 'worst case' mileage, I'd have been paying between £650 and £750 per month. That makes the depreciation of the time I've had the car look pretty good to me.

[Neith]

2008 Mazda RX-8
Bought cash so the car itself is paid for.
Insurance: £60 per month (34, 7 yrs NCD, bad postcode)
Tax: £50 per month (I hate this!)
Fuel: £100 per month (and I do very small mileage, it just drinks a stupid amount)
Depreciation: I doubt RX-8s can depreciate much more

Total: £210 per month, plus the looming threat of a £3k rebuild Just about to chop it in for a DC5 Integra which should be cheaper day to day and just as fun.

[Muzzer79]

gizlaroc said:

Jaguar steve said:

nickfrog said:

Old Merc said:

who wants to spend shed loads on a car?

Not me, that's for sure.

Me neither. I run my three old cars on a shoestring.

The less I spend on cars the more I have to spend on other things.

Yeah me too.

I just signed up to the knitting forum. They were asking how much they all spend on wool each month.

I smugly said "I spend nothing, leaves me to spend more on other things."



Sorry couldn't resist.


The fact is, for many, running a car on a shoe string only only works if, you don't rely on your car, you only do 250 odd miles a month or even less. Never really go much further than local or if you do it is just for pleasure.

Once you start doing 20, 30, 40 thousand miles a year or you need your car for work there is very little in it driving a 7-10 year old car vs something new or nearly new.

This

I find it odd that, on a motoring forum, people are proud of not spending money on cars

I don't overspend on cars but I drive something nice because I enjoy it and I enjoy cars. One doesn't need to spend a huge amount to have fun, but it seems counter-intuitive to intentionally drive something st if you don't have to?

[SidewaysSi]

Muzzer79 said:

gizlaroc said:

Jaguar steve said:

nickfrog said:

Old Merc said:

who wants to spend shed loads on a car?

Not me, that's for sure.

Me neither. I run my three old cars on a shoestring.

The less I spend on cars the more I have to spend on other things.

Yeah me too.

I just signed up to the knitting forum. They were asking how much they all spend on wool each month.

I smugly said "I spend nothing, leaves me to spend more on other things."



Sorry couldn't resist.


The fact is, for many, running a car on a shoe string only only works if, you don't rely on your car, you only do 250 odd miles a month or even less. Never really go much further than local or if you do it is just for pleasure.

Once you start doing 20, 30, 40 thousand miles a year or you need your car for work there is very little in it driving a 7-10 year old car vs something new or nearly new.

This

I find it odd that, on a motoring forum, people are proud of not spending money on cars

I don't overspend on cars but I drive something nice because I enjoy it and I enjoy cars. One doesn't need to spend a huge amount to have fun, but it seems counter-intuitive to intentionally drive something st if you don't have to?

Think Steve mentioned he dropped something on his car recently due to his own stupidity but didn't care as his car is a pile of smoking junk.

It's not how I want to live but each to their own.

[kambites]

Muzzer79 said:

This

I find it odd that, on a motoring forum, people are proud of not spending money on cars

I don't overspend on cars but I drive something nice because I enjoy it and I enjoy cars. One doesn't need to spend a huge amount to have fun, but it seems counter-intuitive to intentionally drive something st if you don't have to?

You seem to be of the opinion that there's a correlation between how much a car costs and how much fun it is to own and use. Of course there's no right or wrong when it comes to "fun" but many people, myself included, would disagree.

I'm not proud of running cars cheaply as such, but rightly or wrongly I do associate people who spend a lot on cars, especially on new cars, with consumerism rather than actual interest in what they're buying.

[grudas]

toyota crown jzs171 - £150 or so a month for fuel/bits.
s2000 - £30-50 quid a month on fuel

insurance is £900 for both
servicing is around £400/year for both

modifying both is £lol/year

[AC43]

Fastdruid said:

TVRBRZ said:

Fastdruid said:

I agree with you about hating VED though. What particularly sticks in the craw there is that for newer cars with worse CO2 now pay less.

Especially as reported by some news outlets, many hybrids are never charged and run around all the time on petrol, making emissions far worse than an older vehicle with a much higher VED....

There you have the whole joke that is BIK being based off VED.

I mean I hate diesels with a passion but when your choice is between two dull cars but one will cost you thousands less in tax who can blame anyone for going for the lowest tax costing car? I know I would even with my hate of the devils fuel.

In my case, I baled out of company cars when I could see I was going to forced into a diesel and started running as fast as I could in the opposite direction.

One Stage 2 turbochaged 4 and four V8's later I'm still running..........

fk that.

[Eyersey1234]

Mk2 Focus. Paid cash so no monthly payments.

£100 a month on servicing/repairs etc on average
£160 a month fuel
£12 a month VED
£45 a month insurance

Giving an average of £317 a month.

The service/repair costs are bumped up by a big service, cambelt etc August last year.

[anonymous-user]

SLK280
Paid for (loan payment £135)
£400 insurance
£350 servicing
£350 just in case
£360 tax

So about £230 p/m worst case

ML350
Paid for (loan payment £240)
£400 insurance
£500 service
£500 just in cas
£360 tax

So about £380 p/m worst case

V8 Vantage
Paid for
£600 insurance
£800 service
£1500 just in case
£560 tax

£300 p/m worst case

KTM EXC-F 250 6 Days
Paid for
£400 insurance
£1000 p/a running costs (I do the work)
£40 tax

So about £100 p/m


So I guess around a grand a month worst case, plus fuel, we only do 12-15k pa across everything.

[SidewaysSi]

At a guess around £500 p/m exc fuel. I don't do any work on my cars myself as I can't be arsed and have more important things to be doing..