How much does your car cost per month?
Discussion
MaxSo said:
Yes indeed - diesel to return running costs like that.
For me, the fact that I don't have to use diesel and still have lower running costs makes it a no brainer. I'm not anti diesel, I just much prefer petrol. MaxSo said:
For a start, I - and probably the majority of people - haven’t the time nor inclination to carry out DIY maintenance, so the cost would be higher.
Not necessarily. What I save in labour bills I more than make up for on parts, using the best quality I can and changing parts early (either by lifing things based on experience with older cars or replacing when worn but far from broken). I try to keep the oily bits as fresh as when the car left the factory because a) I can, b) I enjoy it, c) I need the car to be 100% reliable, and d) it's still cheaper than running a new car. If you're paying a garage you're probably not going to do that to the same degree. Aiminghigh's car is within 2p/mile despite using the services of a garage and getting some major work done. As such I would suggest that these running costs are likely as high as you'll see from these cars barring some exceptional cases and yet are still notably lower than the very lowest new car costs. You certainly could run them for substantially less and taking a bangernomics approach would see a substantial reduction in running costs.
MaxSo said:
Each to their own though!
it'd be dull if we all thought the same wayMaxSo said:
This is what I had to explain to my Mrs when we got the i3 - because the monthly payment is £399 vs £275 (amortised) on our previous car, it seems to the unknowing eye that it's a shedload more expensive.
But factor everything in, and its actually at least a few pence per mile cheaper, and for a car with OTR Price which is (rightly or wrongly) about £7.5k higher.
I'm in the same position just with slightly inflated prices going from a 1 Series to a well specd i3. But factor everything in, and its actually at least a few pence per mile cheaper, and for a car with OTR Price which is (rightly or wrongly) about £7.5k higher.
My daily commute which cost me £14 in diesel now is £2.90.
gizlaroc said:
My 2015 5 series estate is costing me around 26ppm doing 20k miles a year.
Hence I do think a 3-4 year old car that has lost 60% of list is probably the sweet spot. Sometimes a bit of depreciation can be cancelled out by lack of repairs and better MPG that newer cars often give you.
Factoring in estimated depreciation what do you think the ppm is? I spotted your breakdown but couldn't see it mentioned. Always liked the idea of an F11. Do you have warranty with yours?Hence I do think a 3-4 year old car that has lost 60% of list is probably the sweet spot. Sometimes a bit of depreciation can be cancelled out by lack of repairs and better MPG that newer cars often give you.
Edited by ahenners on Monday 1st July 03:55
Current D4 (bought at 12 months old) has worked out at about £750 per month including maintenance and tax but not including fuel, so maybe £900 a month.
New Disco 5 comes in September and will cost about £850 p/m plus fuel, so probably about £1000.
Painful, but I’ve always done the calculations so can’t plead ignorance.
New Disco 5 comes in September and will cost about £850 p/m plus fuel, so probably about £1000.
Painful, but I’ve always done the calculations so can’t plead ignorance.
gizlaroc said:
It is 16 years old with 120k on it, do you think upkeep costs are really going to come down?
Yes. It’s on 160k now. Done 15k since Jan and just done service and brakes. As said major costs have been paid (clutch). That can go in any car. Fuel wise I have had a lot of new hire cars for work. They aren’t a big enough jump in improvement to make it worth while. My Saab aero does 38mpg and that’s cruising at 75 on a GPS. Unless you can find a petrol that will happily cruise at 70-80 that would do 45mpg and carry the family I will stick with what I have.
The only option I have found is an EV just want the ranges to improve a bit more and I’m in. I want to keep this car another year then I will make the jump to full EV. Chargers are going up like crazy here in London. If I can get an EV for £400 a month that would be tempting.
Mercedes AMG C63 Coupé, bought new 2018, 18 plate, 3 year PCP.
Insurance, VED, servicing etc I pay lump sums up front, so have broken down the monthly costs.
PCP Deposit £14,000
= £388.89pm over 3 year period
PCP monthly payment = £544pm
VED £450pa
= £37.50pm
Insurance = £576.23pa
= £48.02pm
Gap insurance = £132.03 over 3 years
= £3.67pm
Service package = £1,656 over 3 years
= £46pm
Fuel = circa 5k miles per year
= very roughly £40pm
= a total of £1,108.08pm
Depreciation not factored in
Insurance, VED, servicing etc I pay lump sums up front, so have broken down the monthly costs.
PCP Deposit £14,000
= £388.89pm over 3 year period
PCP monthly payment = £544pm
VED £450pa
= £37.50pm
Insurance = £576.23pa
= £48.02pm
Gap insurance = £132.03 over 3 years
= £3.67pm
Service package = £1,656 over 3 years
= £46pm
Fuel = circa 5k miles per year
= very roughly £40pm
= a total of £1,108.08pm
Depreciation not factored in
Edited by Tim bo on Monday 1st July 08:31
Tim bo said:
Mercedes AMG C63 Coupé, bought new 2018, 18 plate, 3 year PCP.
Insurance, VED, servicing etc I pay lump sums up front, so have broken down the monthly costs.
PCP Deposit £14,000
= £388.89pm over 3 year period
PCP monthly payment = £544pm
VED £450pa
= £37.50pm
Insurance = £576.23pa
= £48.02pm
Gap insurance = £132.03 over 3 years
= £3.67
Service package = £1,656 over 3 year period
= £46pm
Fuel = circa 5k miles per year
= very roughly £40pm
= a total of £1,108.08pm
Depreciation not factored in
1100pcm to drive 400 miles a month Insurance, VED, servicing etc I pay lump sums up front, so have broken down the monthly costs.
PCP Deposit £14,000
= £388.89pm over 3 year period
PCP monthly payment = £544pm
VED £450pa
= £37.50pm
Insurance = £576.23pa
= £48.02pm
Gap insurance = £132.03 over 3 years
= £3.67
Service package = £1,656 over 3 year period
= £46pm
Fuel = circa 5k miles per year
= very roughly £40pm
= a total of £1,108.08pm
Depreciation not factored in
Integroo said:
1100pcm to drive 400 miles a month
Aye is about right.Although I don't drive anything like 400 miles a month - I don't commute by car. Probably more like 100-200 miles per month, with a couple of big European road trips per year which bump up the annual mileage to about £5k.
Tim bo said:
Aye is about right.
Although I don't drive anything like 400 miles a month - I don't commute by car. Probably more like 100-200 miles per month, with a couple of big European road trips per year which bump up the annual mileage to about £5k.
Fair enough. You never considered running something older and more exotic? I am sure there is plenty of exotica you could run for less cash...Although I don't drive anything like 400 miles a month - I don't commute by car. Probably more like 100-200 miles per month, with a couple of big European road trips per year which bump up the annual mileage to about £5k.
ahenners said:
Factoring in estimated depreciation what do you think the ppm is? I spotted your breakdown but couldn't see it mentioned. Always liked the idea of an F11. Do you have warranty with yours?
26 ppm doing 20k miles a year. Edited by ahenners on Monday 1st July 03:55
That is with me writing the car off value wise after 4 years when it will be 8 years old. So less than that, as I reckon it will be worth £4k with 150k miles on it.
No warranty on it. Not worth it imho.
I swap oil every 6 months or 8k miles, which ever comes first, I run Archoil 6200EU with every tank which reduces soot and is the killer on modern diesels.
If I was using a diesel for bombing round town I would put a warranty on it, but not for my useage.
Aiminghigh123 said:
Yes. It’s on 160k now. Done 15k since Jan and just done service and brakes. As said major costs have been paid (clutch). That can go in any car.
Fuel wise I have had a lot of new hire cars for work. They aren’t a big enough jump in improvement to make it worth while. My Saab aero does 38mpg and that’s cruising at 75 on a GPS. Unless you can find a petrol that will happily cruise at 70-80 that would do 45mpg and carry the family I will stick with what I have.
The only option I have found is an EV just want the ranges to improve a bit more and I’m in. I want to keep this car another year then I will make the jump to full EV. Chargers are going up like crazy here in London. If I can get an EV for £400 a month that would be tempting.
My issue is I can't stand any lose feeling in older cars so have to keep the suspension like new. Fuel wise I have had a lot of new hire cars for work. They aren’t a big enough jump in improvement to make it worth while. My Saab aero does 38mpg and that’s cruising at 75 on a GPS. Unless you can find a petrol that will happily cruise at 70-80 that would do 45mpg and carry the family I will stick with what I have.
The only option I have found is an EV just want the ranges to improve a bit more and I’m in. I want to keep this car another year then I will make the jump to full EV. Chargers are going up like crazy here in London. If I can get an EV for £400 a month that would be tempting.
Then things like starter motors, batteries, turbos, vac leaks that you can chase for hours and niggly bits like that.
But then I am back and forth from Norfolk to London all the time, if I was more local I would do it. I keep trying to do it, but after a few months and another trip to get niggles sorted I get annoyed again and buy newer. Haha
My VW Golf PD130 daily driver -
Monthly repayments: £Zero - Paid £300 2 years ago - 245,000 miles on the clock
Road tax: £11
Insurance: £24
Maintenance: £Zero (i have a huge parts collection inc tyres)
Fuel: £120 minus the mileage from work £180 = profit (average 1000 miles a month)
Monthly cost £35 (if i ignore profit from fuel)
Monthly repayments: £Zero - Paid £300 2 years ago - 245,000 miles on the clock
Road tax: £11
Insurance: £24
Maintenance: £Zero (i have a huge parts collection inc tyres)
Fuel: £120 minus the mileage from work £180 = profit (average 1000 miles a month)
Monthly cost £35 (if i ignore profit from fuel)
Edited by Superchickenn on Monday 1st July 15:35
I don't want to look at what my "big" car costs me, as the depreciation will probably make me weep!
My second car, which is used mainly for business, is a 2016 Skoda Citigo.
Average 500 miles a month at just under 10p per mile in fuel (averaging a shade over 60mpg)
£180 insurance each year
£50 MOT
£200 for a service?
£20 road tax
I paid £6400 for the car, and will probably lose £3000 over 3 years, so £1000 pa depreciation.
It had new tyres fitted just before I bought it, so shouldn't need any while I own it.
Cost per month is £170, or 34p a mile.
I look at it that I am actually making a "profit" on it, as I can claim 45p a mile against my tax bill. (Obviously not right, as I have to pay 80% of the running costs. It's actually costing me 25p a mile after the tax allowance)
My second car, which is used mainly for business, is a 2016 Skoda Citigo.
Average 500 miles a month at just under 10p per mile in fuel (averaging a shade over 60mpg)
£180 insurance each year
£50 MOT
£200 for a service?
£20 road tax
I paid £6400 for the car, and will probably lose £3000 over 3 years, so £1000 pa depreciation.
It had new tyres fitted just before I bought it, so shouldn't need any while I own it.
Cost per month is £170, or 34p a mile.
I look at it that I am actually making a "profit" on it, as I can claim 45p a mile against my tax bill. (Obviously not right, as I have to pay 80% of the running costs. It's actually costing me 25p a mile after the tax allowance)
I just got the M6 MOT’d today. In a year it’s done a pitiful 1306 miles.
£120/mo warranty
£575/yr RFL
£600 insurance
So that’s £2/mile roughly.
In the last year I spent £1300 on a windscreen as I broke it (stupidly) - £3/mile
11MPG @£1.30/l (average-ish)= 54p/mile.
Ignoring depreciation (I know), that’s just £360/month for the pleasure of the f
king thing just sitting outside the house for the vast, vast majority of the year.
I don’t want to add it up for the 760 & the two SL’s as well, I think I might cry. I’m probably spending a grand a month for some driveway ornaments. fk me sideways.
The other solution is to get rid of them all, buy a Jazz & retire early on the savings.
£120/mo warranty
£575/yr RFL
£600 insurance
So that’s £2/mile roughly.
In the last year I spent £1300 on a windscreen as I broke it (stupidly) - £3/mile
11MPG @£1.30/l (average-ish)= 54p/mile.
Ignoring depreciation (I know), that’s just £360/month for the pleasure of the f
king thing just sitting outside the house for the vast, vast majority of the year.I don’t want to add it up for the 760 & the two SL’s as well, I think I might cry. I’m probably spending a grand a month for some driveway ornaments. f
k me sideways.The other solution is to get rid of them all, buy a Jazz & retire early on the savings.
Amazing how people are are surprised at running costs. Does makes me wonder if I've forecasted Tesla model 3 depreciation too pessimistically. When wider public catch on they can drive a model 3 for the total price of a skoda, surely the 3 will hold value better than an ICE over the next 4 years given scarcity of supply? Though lease GFV don't seem to be predicting this at all.
Sambucket said:
Amazing how people are are surprised at running costs.
Sure is. Looking at the lease deals thread - I get the impression most people just look at the monthly car payment, or at best the total car payment (inc initial lump) averaged out - most seem to forget or perhaps willingly ignore all the other costs.It’s why I created this:
https://docs.google.com/spreadsheets/d/1ARUrS7YaFM...
Edited by MaxSo on Monday 1st July 19:15
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