CORSA: £12,068 RUNNING COSTS

[90 B]

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

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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!

[Rollcage]

You have included both the cost of the car, and the depreciation.

[Disco You]

How did you arrive at your MOT figure?

[Debaser]

29p a mile doesn't sound so bad.

[Pork]

If you exclude the cost of the car, its £9418....or 22p a mile.

I dont think thats too bad for the freedom it gives.

[Dave Hedgehog]

22p per mile is pretty bloody good

try to do that on public transport


the avg cost of a new car is what around £1.20 a mile

[Dave Hedgehog]

Rollcage said:

You have included both the cost of the car, and the depreciation.

nice spot

[SprintSpeciale]

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.

[Debaser]

Dave Hedgehog said:

Rollcage said:

You have included both the cost of the car, and the depreciation.

nice spot

I missed that. It's cheaper than public transport.

[trashbat]

Sounds pretty damn good to me.

my garage said:

Costs Over 19 Months and 14,800 miles: £12,277

Edited by trashbat on Tuesday 3rd April 18:45

[90 B]

Yer it isn't bad.

Im just shocked because I've never got anywhere near £12,068 in my entire life.

Constantly scrapping.

MOT failed last time just after I lost my job.

Final bill came to £292.00.

Ouch. The other 2 it passed first time. When I bought the car, it was SORN.

[Matt UK]

OP, your maths is off regarding the buying / depreciating the car.

eta - ah, spotted above (damn phone ringing mid-post!)

[Zoobeef]

You really need to get some spanners and start tinkering yourself. Its easy and will save you muchos pennys.
I wouldnt be able to afford mine if i didnt do it myself. Services start at £500 at a dealer for mine although the first 3 were £9500 :/

[anonymous-user]

maths not not strong point?

as you still have an asset at the end you are winning.

[90 B]

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.

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]

The Spruce goose said:

maths not not strong point?

as you still have an asset at the end you are winning.

English not not strong point?

[chris182]

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?

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.

[falkster]

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.

[Rollcage]

In fairness, home spannering wouldn't have reduced the ownership costs by a huge degree. It's petrol and insurance that's the big spends - even the depreciation isn't that bad, at around £8 per week - you certainly couldn't rent a car for that!

[90 B]

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.

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.