How much does your car cost per month?

How much does your car cost per month?

Author
Discussion

MaxSo

1,910 posts

94 months

Tuesday 2nd July 2019
quotequote all
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! smile
Agreed - my spreadsheet is complicated enough as it is!

caziques

2,567 posts

167 months

Tuesday 2nd July 2019
quotequote all
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.


Scootersp

3,107 posts

187 months

Tuesday 2nd July 2019
quotequote all
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.

Toaster Pilot

14,615 posts

157 months

Tuesday 2nd July 2019
quotequote all
Why wouldn’t you want to insure your £13,000 asset anyway?

Porsche guy

3,465 posts

226 months

Tuesday 2nd July 2019
quotequote all
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?

RizzoTheRat

25,084 posts

191 months

Tuesday 2nd July 2019
quotequote all
I believe in NZ you get 3rd party insurance as part of the road tax, presumably his road tax is heavily discounted due to being an EV, £50/year for road tax and insurance sounds like a great deal.

Edited by RizzoTheRat on Tuesday 2nd July 16:04

lowdrag

12,868 posts

212 months

Wednesday 3rd July 2019
quotequote all
I bought my last car in Germany and they supplied temporary number plates for one month (dated on the plate) so I could drive home. They included state third party insurance do I assume that you pay annually for your plate if you live in Germany.

SidewaysSi

10,742 posts

233 months

Wednesday 3rd July 2019
quotequote all
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...! biggrin
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! smile
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 smile

MaxSo

1,910 posts

94 months

Wednesday 3rd July 2019
quotequote all
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 smile
Add it to the spreadsheet - you know you want to wink

https://docs.google.com/spreadsheets/d/1ARUrS7YaFM...

Noesph

1,148 posts

148 months

Thursday 20th February 2020
quotequote all
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.

Edited by Noesph on Tuesday 14th November 21:33
One year later.....

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.
Year 7....

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.

Cloudy147

2,705 posts

182 months

Thursday 20th February 2020
quotequote all
Cayenne. Owned 4 years, approx £190pm including all repairs, depreciation, service, insurance and tax.

Plus 40,000 miles at circa 21mpg average, at say 110p per litre... £183 per month.

Total £373 per month, or £4500 per year, roughly.


Edited by Cloudy147 on Sunday 1st March 23:59

manracer

1,544 posts

96 months

Thursday 20th February 2020
quotequote all
£599 all in: car, insurance for 2, charging(polar)/supercharging plus fully maintained.

Tesla model 3 SR+.

Soon to be £799 for Model 3 Performance.

ghost83

5,475 posts

189 months

Thursday 20th February 2020
quotequote all
I had a 2016 golf gti mk7 pp

Was costing

Pcp finance- £329
Insurance - £63
Tax £11
Maintainance £60
Fuel £80

£543

Sold it in January and got a Citroen Picasso shed! Yeah it’s not as good as the golf but it’s saving me some money which is going in a separate bank account!

anonymous-user

53 months

Friday 21st February 2020
quotequote all
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 owned
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

17,251 posts

223 months

Friday 21st February 2020
quotequote all
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.

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

22,065 posts

126 months

Friday 21st February 2020
quotequote all
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.

B'stard Child

28,321 posts

245 months

Friday 21st February 2020
quotequote all
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)

RDMcG

19,093 posts

206 months

Friday 21st February 2020
quotequote all
Not a clue - some things do not bear thinking aboutsmile

B'stard Child

28,321 posts

245 months

Friday 21st February 2020
quotequote all
RDMcG said:
Not a clue - some things do not bear thinking aboutsmile
Ahhh I'm the opposite I want to know (to the penny) but as long as I know and I don't exceed my budget then I don't give a st

Beer money budget and champagne tastes unfortunately

MrOrange

2,031 posts

252 months

Friday 21st February 2020
quotequote all
My BMW i8. 4 years old, low miles.

Insurance: £51
Tax / VED: £zero
Fuel - £60
Warranty: £83
Servicing & maint: £27
Total: £221

At that price I’d mad to swap. I won’t be happy if someone mentions depreciation, though.