How much does your car cost per month?
Discussion
kambites said:
It's worth close enough to what I paid for it (in absolute terms) that I genuinely don't know if I'd get more or less if I sold it. In real terms its depreciated a bit, but trying to include inflation into running costs really does make things complicated!
Agreed - my spreadsheet is complicated enough as it is!A bit different..but let's see
Nissan eNV200 in New Zealand - 24kWhr EV.
20,000km per year at 6.2km per kWhr = 3225 kWhrs. Various prices for power. (mostly night rate) Total cost say 240 pounds or 40 pounds per month
MOT equivalent 2 pounds pm
Road tax 4 pounds pm
Servicing - nil
Insurance - nil (not required in NZ)
Tyres (estimate) 10 pounds pm
wiper blades 1 pound pm
Depreciation - (paid 13,000 pounds cash) maybe 100 pounds pm
Result - 1000 miles per month. Running cost, 57 pounds per month, 6p a mile.
With depreciation 16p a mile.
Reclaiming VAT and other business taxes probably reduces these figures by about a third.
Minimal battery degradation at 29,000 miles.
Interesting exercise.
Vehicles in NZ don't rust, crash damage or terminal mechanical issues finish them off.
Doubt I will ever buy another ICE car.
Nissan eNV200 in New Zealand - 24kWhr EV.
20,000km per year at 6.2km per kWhr = 3225 kWhrs. Various prices for power. (mostly night rate) Total cost say 240 pounds or 40 pounds per month
MOT equivalent 2 pounds pm
Road tax 4 pounds pm
Servicing - nil
Insurance - nil (not required in NZ)
Tyres (estimate) 10 pounds pm
wiper blades 1 pound pm
Depreciation - (paid 13,000 pounds cash) maybe 100 pounds pm
Result - 1000 miles per month. Running cost, 57 pounds per month, 6p a mile.
With depreciation 16p a mile.
Reclaiming VAT and other business taxes probably reduces these figures by about a third.
Minimal battery degradation at 29,000 miles.
Interesting exercise.
Vehicles in NZ don't rust, crash damage or terminal mechanical issues finish them off.
Doubt I will ever buy another ICE car.
caziques said:
Insurance - nil (not required in NZ)
Interested in how that works.....Presumably it's available but not compulsory? How many of your peers do/do not have it? What happens in a crash, how do you ensure they don't come after everything you own etc.
It's interesting how it varies country to country.
Scootersp said:
Interested in how that works.....
Presumably it's available but not compulsory? How many of your peers do/do not have it? What happens in a crash, how do you ensure they don't come after everything you own etc.
It's interesting how it varies country to country.
Yes, do tell?Presumably it's available but not compulsory? How many of your peers do/do not have it? What happens in a crash, how do you ensure they don't come after everything you own etc.
It's interesting how it varies country to country.
kambites said:
MaxSo said:
Unless you sell it for exactly what you paid for it, allowing for inflation etc, then it's either appreciating or depreciating...!
It's worth close enough to what I paid for it (in absolute terms) that I genuinely don't know if I'd get more or less if I sold it. In real terms its depreciated a bit, but trying to include inflation into running costs really does make things complicated! But I have spent probably around £10k on upgrades, many of which won't really impact the value. Money down the drain perhaps but you can't value the joy they give
SidewaysSi said:
My Elise is easily the cheapest car I have owned. Paid £14k, worth now around £28-30k so completely offsets all the maintenance costs.
But I have spent probably around £10k on upgrades, many of which won't really impact the value. Money down the drain perhaps but you can't value the joy they give
Add it to the spreadsheet - you know you want to But I have spent probably around £10k on upgrades, many of which won't really impact the value. Money down the drain perhaps but you can't value the joy they give
https://docs.google.com/spreadsheets/d/1ARUrS7YaFM...
Noesph said:
Noesph said:
Twingo gt
Monthly payment - £0
Depreciation - er, lets say a £5 a month.
Tax - £11.25
Insurance - £31.66
Consumables, servicing and MOT - £66 est (its need a few bits doing to it this year).
Fuel - £84
Total - £193 a month. (or £109 not including fuel).
So roughly £2300 per year, which is a fair bit for a little French / Slovenian hatchback. That say earlier in the year the A/C condenser / dryer and the radiator failed, This added around £500 to the running costs on its own this year. But that was its biggest repair I've had to do to it in the four and half years I've had it.
That said my brother got a 17 year old Clio with 11 months MOT for free last week.
One year later.....Monthly payment - £0
Depreciation - er, lets say a £5 a month.
Tax - £11.25
Insurance - £31.66
Consumables, servicing and MOT - £66 est (its need a few bits doing to it this year).
Fuel - £84
Total - £193 a month. (or £109 not including fuel).
So roughly £2300 per year, which is a fair bit for a little French / Slovenian hatchback. That say earlier in the year the A/C condenser / dryer and the radiator failed, This added around £500 to the running costs on its own this year. But that was its biggest repair I've had to do to it in the four and half years I've had it.
That said my brother got a 17 year old Clio with 11 months MOT for free last week.
Edited by Noesph on Tuesday 14th November 21:33
Twingo GT TCE 100 (6th year of ownership)
Monthly payment - £0
Depreciation - lets say a £3 a month this year (its a nearly 10 year old Renault, it hasn't got much more depreciating to go)
Tax - £11.66
Insurance - £21.25 (insurance dropped a fair bit this year)
Consumables, servicing and MOT - £50. Two new tyres, diverter valve, front brake discs and pads, number plate lights (new holders where only £2 more than the bulb), new drop links and the passenger door handle fell off. (Ah, Renault - quality made, has the slogan goes....) Local indy did the tyres and brakes, I did the rest myself).
Fuel - £108.54 according to fuelly.
Without fuel £85.91 a month, with fuel £194.45 per month. Did about 7000 miles last year, MPG normally in low 30's. So I work that out at 33p a mile all in roughly, I don't know if that's good or bad.
Monthly payment - £0
Depreciation - lets stick with the £3 a month
Tax - £12.08
Insurance - £16.66 (I'm getting old.....)
Consumables, servicing and MOT - about £29 if divided by 12. Two rear tyres, and it's yearly service. That was it in the whole year.
Fuel - about £210 a month (My yearly mileage has gone from about 7k a year to about 18k a year)
Without fuel £60.74 a month, with fuel £270.74 per month. I now actually spend more money per month feeding the car than I do myself.
Thesprucegoose said:
pug 407 hdi 2005 bought in sept 2018 ( 5 months ownership, about 4k traveled)
purchase 450
repairs 700 (wheel bearing,2 x tyres, wheel nuts removed, starter motor, battery,mot,service)
per month
fuel 100 (8k per year)
depreciation 0
tax 17
insurance 32
cost per month (repairs) 140
total per month = 299
18 months now ownedpurchase 450
repairs 700 (wheel bearing,2 x tyres, wheel nuts removed, starter motor, battery,mot,service)
per month
fuel 100 (8k per year)
depreciation 0
tax 17
insurance 32
cost per month (repairs) 140
total per month = 299
Updated
purchase 450
repairs 1000 (wheel bearing,4 x tyres, wheel nuts removed, starter motor, battery,mot x 2,service x 2, windscreen, 2x rear bulb holders, lcd display screen)
per month
fuel 100 (8k per year)
depreciation 0 worth nothing
tax 17
insurance 32
cost per month (repairs+ purchase price) 80.56
total per month = 229
So 70 quid drop a month from first post.
Roughly 37.5p per mile all in.
Edited by Thesprucegoose on Friday 21st February 00:30
gizlaroc said:
57 plate BMW 530d Touring - 12 months and 20,000 miles.
Purchased for £4750
Fuel £3700 at 33mpg
Starter motor £120
Swirl flaps mod £40
New drop links, roll bar bushes, control arms £600
Glow plug controller and plugs £200
EGR issues £200
Pano roof issue £100
Tax £260
Insurance £300
Battery £200
Sold for £5250
So £5220 over the year and 20k, so £425 month or 26ppm
2015 F11 520d Touring
Finance £238 month so £2856 year
Fuel £2020 at 45mpg
Tax £120
Insurance £260
£5256 a year so £438 month or 26ppm
So running a 12 year old car with no depreciation at all, in fact made £500 over a year and 20k miles, was only saving me.....nothing really.
I should add the 520d is at nearly 6 months old, I have doubled everything for 12 months. I will post again when it gets to a year old, if I keep it that long.
A year in with my F11, still got it, averaged 44mpg over 21000 miles, and still really like it. Purchased for £4750
Fuel £3700 at 33mpg
Starter motor £120
Swirl flaps mod £40
New drop links, roll bar bushes, control arms £600
Glow plug controller and plugs £200
EGR issues £200
Pano roof issue £100
Tax £260
Insurance £300
Battery £200
Sold for £5250
So £5220 over the year and 20k, so £425 month or 26ppm
2015 F11 520d Touring
Finance £238 month so £2856 year
Fuel £2020 at 45mpg
Tax £120
Insurance £260
£5256 a year so £438 month or 26ppm
So running a 12 year old car with no depreciation at all, in fact made £500 over a year and 20k miles, was only saving me.....nothing really.
I should add the 520d is at nearly 6 months old, I have doubled everything for 12 months. I will post again when it gets to a year old, if I keep it that long.
2015 F11 520d Touring
Depreciation £3250 (paid finance off)
Fuel £2500 at 44mpg
Tax £30 (I thought it was £120, it is only £30)
Insurance £260
£503 month doing 21k miles a year.
Oh, and an EGR valve for £162, so £515 a month roughly, or 29ppm.
I reckon depreciation will be down to £2200 this year, maybe a bit less than that.
Mr Tidy said:
Now my daily 330i with £325 a year road tax has been joined by my Z4M Coupe at £570 a year road tax I don't want to even think about it!
But so long as I can keep paying the bills I really don't care, because I'll only be here once.
Is the right fking answer - Life is too short to drive a prius or skoda (I did like the skoda)But so long as I can keep paying the bills I really don't care, because I'll only be here once.
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