CORSA: £12,068 RUNNING COSTS
Discussion
I was mundane enough today to work out how much my 2003 Vauxhall Corsa 1.2 Design costs to BUY AND RUN over a 3 year period, covering 43,000 miles.
Here it goes:
2003 Vauxhall Corsa 1.2 16V Design (Over 3 years and covering 43,000 miles)
FUEL: £3,703.00
INSURANCE: £2,380.00
SERVICING: £310.06
TYRES: £352.13
REPAIRS: £701.00
MOT: £382.45
TAX: £390.00
CAR COST: £2,650.00
DEPRECIATION: £1,200.00
TOTAL: £12,068.00
That is an AWFUL lot of cheddar.
I was very shocked and thought I'd share.
Prices are not exact, but pretty close.
It has been a really good little car though. And really quite reliable!
Here it goes:
2003 Vauxhall Corsa 1.2 16V Design (Over 3 years and covering 43,000 miles)
FUEL: £3,703.00
INSURANCE: £2,380.00
SERVICING: £310.06
TYRES: £352.13
REPAIRS: £701.00
MOT: £382.45
TAX: £390.00
CAR COST: £2,650.00
DEPRECIATION: £1,200.00
TOTAL: £12,068.00
That is an AWFUL lot of cheddar.
I was very shocked and thought I'd share.
Prices are not exact, but pretty close.
It has been a really good little car though. And really quite reliable!
SprintSpeciale said:
You can't add purchase price and depreciation - that is counting the same thing twice. Depreciation is the figure to include (and any interest costs if you borrowed the purchase price).
That removes a chunk of your costs, so you can feel better now.
Ahhh yes. You are right. That removes a chunk of your costs, so you can feel better now.
All the " depreciation " is still wound up in the value of the car.
The depreciation has cost me nothing until I sell it.
I great now.
90 B said:
I was mundane enough today to work out how much my 2003 Vauxhall Corsa 1.2 Design costs to BUY AND RUN over a 3 year period, covering 43,000 miles.
Here it goes:
2003 Vauxhall Corsa 1.2 16V Design (Over 3 years and covering 43,000 miles)
FUEL: £3,703.00
INSURANCE: £2,380.00
SERVICING: £310.06
TYRES: £352.13
REPAIRS: £701.00
MOT: £382.45
TAX: £390.00
CAR COST: £2,650.00
DEPRECIATION: £1,200.00
TOTAL: £12,068.00
That is an AWFUL lot of cheddar.
I was very shocked and thought I'd share.
Prices are not exact, but pretty close.
It has been a really good little car though. And really quite reliable!
Tyres seem somewhat expensive, I would expect a set for a 1.2 corsa to be less than that and last at least 43000 miles. Also MOT, £382.45 with repairs listed separately, how does that work? Surely 3 MOTs is roughly £150?Here it goes:
2003 Vauxhall Corsa 1.2 16V Design (Over 3 years and covering 43,000 miles)
FUEL: £3,703.00
INSURANCE: £2,380.00
SERVICING: £310.06
TYRES: £352.13
REPAIRS: £701.00
MOT: £382.45
TAX: £390.00
CAR COST: £2,650.00
DEPRECIATION: £1,200.00
TOTAL: £12,068.00
That is an AWFUL lot of cheddar.
I was very shocked and thought I'd share.
Prices are not exact, but pretty close.
It has been a really good little car though. And really quite reliable!
Apart from that, doesn't seem to unreasonable at all. Running a car is an expensive business. I calculated that I spent roughly £4000 running my Clio last year not including depreciation. This year is not going to improve that figure sadly.
I never include fuel in my calculations - its going to be an arm and a leg regardless of the car.
I do still think most of your figures are very worst case. Tyres? In 3 years you're going to replace them more then twice for that price? MOT? How do you get to that figure? Plus for the miles you covered its pretty cheap.
I do still think most of your figures are very worst case. Tyres? In 3 years you're going to replace them more then twice for that price? MOT? How do you get to that figure? Plus for the miles you covered its pretty cheap.
falkster said:
I never include fuel in my calculations - its going to be an arm and a leg regardless of the car.
I do still think most of your figures are very worst case. Tyres? In 3 years you're going to replace them more then twice for that price? MOT? How do you get to that figure?
I literally took out my MOT bills and wrote down the price. I do still think most of your figures are very worst case. Tyres? In 3 years you're going to replace them more then twice for that price? MOT? How do you get to that figure?
Last MOT came to £292.00 and I included the repairs under that.
I might not of included all the repairs under " repairs " but everything important is still accounted for.
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