How much does your car cost per month?
Discussion
A disgusting amount, is what!
2015 BMW M235i - 20 months ownership & 30,000 miles...
Monthly payments/finance - £0pm
Depreciation - £275pm
Fuel - £340pm @ 25mpg
MOT/Service - £22pm
Maintenance - £74pm
Extended warranty £47pm
Tax - £22pm
Insurance - £108pm
Total: £888pm
2015 BMW M235i - 20 months ownership & 30,000 miles...
Monthly payments/finance - £0pm
Depreciation - £275pm
Fuel - £340pm @ 25mpg
MOT/Service - £22pm
Maintenance - £74pm
Extended warranty £47pm
Tax - £22pm
Insurance - £108pm
Total: £888pm
Edited by 95JO on Friday 21st February 10:40
Daily runabout r53 Cooper S
Depreciation: £0 (bought for 1200 and probably still worth that)
Tax: £28.43
Fuel: £50ish
Insurance: £12
MOT/Service/fixing stuff: £10
TOTAL £100.43pm
Nostalgia car 1.6 205GTi
Depreciation: £0 (bought for 1000 7 years ago, now worth a good bit more)
Tax: £12 (figure halved due to being SORN 6 months)
Fuel: £10ish (figure halved due to being SORN 6 months)
Insurance: £10
MOT/Service/fixing stuff: £5
TOTAL £37.00pm (in reality over the 7 years ownership I think I'm probably in profit)
Weekender 996 C4
Depreciation: £20 (Hard to tell, probably worth what I paid but I'll be sceptical)
Tax: £12 (figure halved due to being SORN 6 months)
Fuel: £20ish (figure halved due to being SORN 6 months)
Insurance: £20
MOT/Service/fixing stuff: £100 (based on last 12 months. Obvious potential for this to get very nasty)
TOTAL £172.00pm
3 car total = £309.43
Prior to this I was leasing a Leon Cupra for £277pm car only. Total of around £352pm with all fuel, insurance, maintenance etc
Depreciation: £0 (bought for 1200 and probably still worth that)
Tax: £28.43
Fuel: £50ish
Insurance: £12
MOT/Service/fixing stuff: £10
TOTAL £100.43pm
Nostalgia car 1.6 205GTi
Depreciation: £0 (bought for 1000 7 years ago, now worth a good bit more)
Tax: £12 (figure halved due to being SORN 6 months)
Fuel: £10ish (figure halved due to being SORN 6 months)
Insurance: £10
MOT/Service/fixing stuff: £5
TOTAL £37.00pm (in reality over the 7 years ownership I think I'm probably in profit)
Weekender 996 C4
Depreciation: £20 (Hard to tell, probably worth what I paid but I'll be sceptical)
Tax: £12 (figure halved due to being SORN 6 months)
Fuel: £20ish (figure halved due to being SORN 6 months)
Insurance: £20
MOT/Service/fixing stuff: £100 (based on last 12 months. Obvious potential for this to get very nasty)
TOTAL £172.00pm
3 car total = £309.43
Prior to this I was leasing a Leon Cupra for £277pm car only. Total of around £352pm with all fuel, insurance, maintenance etc
Edited by nunpuncher on Friday 21st February 11:00
Aiminghigh123 said:
Was having this argument with my mate.
Keeps telling me to get a new car to save fuel bill.
I do 25k miles a year. If I get a new car depreciation would be massive.
Anyway last year calculated.
Saab 9-3 aero petrol costing me about £500 a month all in.
0.24ppm.
Paid £500 for it 2.5 years ago.
Well you could argue that proves being in a 3-4 year old 520d (no Saab 2.0 diesel to buy new) or similar will cost you about the same. Keeps telling me to get a new car to save fuel bill.
I do 25k miles a year. If I get a new car depreciation would be massive.
Anyway last year calculated.
Saab 9-3 aero petrol costing me about £500 a month all in.
0.24ppm.
Paid £500 for it 2.5 years ago.
Which was my point earlier, there is very little in it between being in a 10-15 year old car vs being in a new or nearly new car for many.
The majority of pence per mile figures all seem to be between 23-27p.
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
gizlaroc said:
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
I'm not very convinced by this argument. I don't see much difference in real world economy between 15yr old cars and brand new ones when comparing like for like and depreciation is dependent on mileage as well as age.I've recently been considering how daft it would be to upgrade my 15yr old 3-series for a 3yr old equivalent (E90 330i to F30 340i) and having done the maths it would be more than double the total costs for the first few years at least, depreciation makes the fuel pale into insignificance.
gizlaroc said:
Well you could argue that proves being in a 3-4 year old 520d (no Saab 2.0 diesel to buy new) or similar will cost you about the same.
Which was my point earlier, there is very little in it between being in a 10-15 year old car vs being in a new or nearly new car for many.
The majority of pence per mile figures all seem to be between 23-27p.
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
True, however one problem is ULEZ. Which was my point earlier, there is very little in it between being in a 10-15 year old car vs being in a new or nearly new car for many.
The majority of pence per mile figures all seem to be between 23-27p.
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
We will be 100m from it next year.
Even though my car is 17 years old it’s fine because it’s petrol.
To add on the mpg argument I can get 45mpg if I sit at 55mph tank measured. Usual is 38mpg over a tank which is 75mph on the GPS when commuting with some London driving throw in.
Edited by Aiminghigh123 on Friday 21st February 11:14
gizlaroc said:
Well you could argue that proves being in a 3-4 year old 520d (no Saab 2.0 diesel to buy new) or similar will cost you about the same.
Which was my point earlier, there is very little in it between being in a 10-15 year old car vs being in a new or nearly new car for many.
The majority of pence per mile figures all seem to be between 23-27p.
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
What about depreciation on the 3-4 year old 5 series? I dare say a £500 SAAB isn't losing c£200pm in depreciation.Which was my point earlier, there is very little in it between being in a 10-15 year old car vs being in a new or nearly new car for many.
The majority of pence per mile figures all seem to be between 23-27p.
Those that don't do big miles save on fuel, but depreciation is higher per mile, those that do big miles the fuel is the big expense.
Got a 3 year old RS3 about a year ago, got a model with pretty much every option for a great price.
Based on the current selling prices, I think I could sell for a similar price to what I paid for it.
So running costs for the year:
£300 tax
£400 insurance
£1800 petrol
£1200 in interest
That’s £3700 for the year, or £308 per month.
I’ve been putting away an extra £100 a month for MOT/servicing/emergencies but not currently spent anything on those things yet.
Probably would have cost me more to lease a brand new base model A3 for the year!
Based on the current selling prices, I think I could sell for a similar price to what I paid for it.
So running costs for the year:
£300 tax
£400 insurance
£1800 petrol
£1200 in interest
That’s £3700 for the year, or £308 per month.
I’ve been putting away an extra £100 a month for MOT/servicing/emergencies but not currently spent anything on those things yet.
Probably would have cost me more to lease a brand new base model A3 for the year!
https://www.pistonheads.com/members/showcar.asp?ca...
Including insurance (£50 per month averaged over the year) and tax and depreciation we're probably at £680 per month. That's averaging roughly 25,000 miles per year. Fortunately business miles make this a much more palatable figure. Closer to £400 per month.
Including insurance (£50 per month averaged over the year) and tax and depreciation we're probably at £680 per month. That's averaging roughly 25,000 miles per year. Fortunately business miles make this a much more palatable figure. Closer to £400 per month.
soupdragon1 said:
On the other hand- he might be planning to retire at 55 or something....then who's winning?
It all comes down to getting the balance right. I want to retire early, but at the same time, I want to have fun now too. Bit of a push-pull scenario, or devil on one shoulder, angel on the other
Ok, well let me add to that... his (old) parents are pretty wealthy, his (old) godfather is a multi millionaire with no kids (who is leaving most his estate to my mate & his sister) It all comes down to getting the balance right. I want to retire early, but at the same time, I want to have fun now too. Bit of a push-pull scenario, or devil on one shoulder, angel on the other
But forgetting all that (as you can’t rely on it but cool story bro n all that) he will spend £20k-30k on a pretty boring new’ish car, have it a few years, hardly use it and lose thousands in depreciation all the time telling me he doesn’t know how people can run a GTR. Or going in my STI & pondering the running costs ( a car which I paid £3k for 7 years ago and is now worth what? Sti V6 with sub 80k..)
I’d bet my arse I come out on top with my 3 fun cars over his one boring one that’s more frugal on fuel and servicing.
Maybe if you’re doing big mileage but if you’ve got a van or another daily, pick the right ‘classic’ and you’ll do well IMO and actually enjoy driving when you want to.
DillonL said:
Got a 3 year old RS3 about a year ago, got a model with pretty much every option for a great price.
Based on the current selling prices, I think I could sell for a similar price to what I paid for it.
So running costs for the year:
£300 tax
£400 insurance
£1800 petrol
£1200 in interest
That’s £3700 for the year, or £308 per month.
I’ve been putting away an extra £100 a month for MOT/servicing/emergencies but not currently spent anything on those things yet.
Probably would have cost me more to lease a brand new base model A3 for the year!
Is that all they are to tax? I was under the impression they’d be a really high band or something.Based on the current selling prices, I think I could sell for a similar price to what I paid for it.
So running costs for the year:
£300 tax
£400 insurance
£1800 petrol
£1200 in interest
That’s £3700 for the year, or £308 per month.
I’ve been putting away an extra £100 a month for MOT/servicing/emergencies but not currently spent anything on those things yet.
Probably would have cost me more to lease a brand new base model A3 for the year!
lost in espace said:
Nissan Leaf 30, bought from new on PCP does 15k a year.
Loan £250 a month 4 years remaining.
Fuel £25 a month.
Insurance £20 a month.
Servicing £20, Tyres £20 a month
Tax nil.
Car cost basically nil per annum if you take the fuel savings into account.
or £335 a month..........Loan £250 a month 4 years remaining.
Fuel £25 a month.
Insurance £20 a month.
Servicing £20, Tyres £20 a month
Tax nil.
Car cost basically nil per annum if you take the fuel savings into account.
nunpuncher said:
What about depreciation on the 3-4 year old 5 series? I dare say a £500 SAAB isn't losing c£200pm in depreciation.
No, but as my figures show, my 12 year old 5 series was no cheaper than the 4 year old 5 series. Old one was averaging around 33mpg, new one is averaging 45mpg, total cost of upkeep and tax on the new one was £190 vs a few hundred on the older one.
My E91 330i touring was not depreciating, (sold last week) but it had £1000 worth of suspension work done on it to keep it feeling tight this year. I won't include the £700 on brakes all round or the £565 on new tyres as they will need doing on any car.
Then we have the 27mpg vs 45mpg on the 520d.
But that is the thing, we often don't add up everything, and as we are seeing on this thread, once you do add up everything, the figures between cars are not actually as far apart as you would expect.
Don't get me wrong, I love the straight six NA petrol, but the reality is the mapped 520d is just as quick and for doing 20-25k a year the 520d is the nicer place to be.
Unless I went back far enough to get a pre DPF diesel, with manual 'box and with loads of work already done, I don't think it would save all that.
My early 320d auto did 33mpg, the later version did 39mpg.
I have a 2009 A4 2.0tdi manual that I bought the other week trying to be frugal, says it should do 50mpg all day long, reality is more like 35mpg, and a manual diesel is pretty grim work. I had the same with a B6 a4 back in 2002.
It isn't till you go back to the older 1990s 1.9tdi with 90 or 110hp that you got a proper 55mpg, but I don't want a 25 year old car.
Some of the newer 320d efficient dynamic models will see those figures again, many in the time between have been getting slowly worse and worse.
gizlaroc said:
No, but as my figures show, my 12 year old 5 series was no cheaper than the 4 year old 5 series.
Old one was averaging around 33mpg, new one is averaging 45mpg, total cost of upkeep and tax on the new one was £190 vs a few hundred on the older one.
My E91 330i touring was not depreciating, (sold last week) but it had £1000 worth of suspension work done on it to keep it feeling tight this year. I won't include the £700 on brakes all round or the £565 on new tyres as they will need doing on any car.
Then we have the 27mpg vs 45mpg on the 520d.
But that is the thing, we often don't add up everything, and as we are seeing on this thread, once you do add up everything, the figures between cars are not actually as far apart as you would expect.
Don't get me wrong, I love the straight six NA petrol, but the reality is the mapped 520d is just as quick and for doing 20-25k a year the 520d is the nicer place to be.
Unless I went back far enough to get a pre DPF diesel, with manual 'box and with loads of work already done, I don't think it would save all that.
My early 320d auto did 33mpg, the later version did 39mpg.
I have a 2009 A4 2.0tdi manual that I bought the other week trying to be frugal, says it should do 50mpg all day long, reality is more like 35mpg, and a manual diesel is pretty grim work. I had the same with a B6 a4 back in 2002.
It isn't till you go back to the older 1990s 1.9tdi with 90 or 110hp that you got a proper 55mpg, but I don't want a 25 year old car.
Some of the newer 320d efficient dynamic models will see those figures again, many in the time between have been getting slowly worse and worse.
You're not comparing like for like though. An E90 330i vs an F30 340i would be comparable not a 4 cylinder diesel, you can get old diesels for shed money which will manage more than 50mpg which are a valid comparison at which point the sums certainly don't add up to making new(ish) cars cheaper. That's not to say there's not a good reason to have newer cars but you're kidding yourself if you think they aren't costing you more than a fully depreciated equivalent.Old one was averaging around 33mpg, new one is averaging 45mpg, total cost of upkeep and tax on the new one was £190 vs a few hundred on the older one.
My E91 330i touring was not depreciating, (sold last week) but it had £1000 worth of suspension work done on it to keep it feeling tight this year. I won't include the £700 on brakes all round or the £565 on new tyres as they will need doing on any car.
Then we have the 27mpg vs 45mpg on the 520d.
But that is the thing, we often don't add up everything, and as we are seeing on this thread, once you do add up everything, the figures between cars are not actually as far apart as you would expect.
Don't get me wrong, I love the straight six NA petrol, but the reality is the mapped 520d is just as quick and for doing 20-25k a year the 520d is the nicer place to be.
Unless I went back far enough to get a pre DPF diesel, with manual 'box and with loads of work already done, I don't think it would save all that.
My early 320d auto did 33mpg, the later version did 39mpg.
I have a 2009 A4 2.0tdi manual that I bought the other week trying to be frugal, says it should do 50mpg all day long, reality is more like 35mpg, and a manual diesel is pretty grim work. I had the same with a B6 a4 back in 2002.
It isn't till you go back to the older 1990s 1.9tdi with 90 or 110hp that you got a proper 55mpg, but I don't want a 25 year old car.
Some of the newer 320d efficient dynamic models will see those figures again, many in the time between have been getting slowly worse and worse.
TurboHatchback said:
You're not comparing like for like though. An E90 330i vs an F30 340i would be comparable not a 4 cylinder diesel, you can get old diesels for shed money which will manage more than 50mpg which are a valid comparison at which point the sums certainly don't add up to making new(ish) cars cheaper. That's not to say there's not a good reason to have newer cars but you're kidding yourself if you think they aren't costing you more than a fully depreciated equivalent.
Well I was sort of comparing like for like, E61 5 series costing me £5k and no depreciation vs F11 5 series with £3k of depreciation and they were coming in 'surprisingly close'.E90 330i with 100k on it worth £5k doing 25k a year.
£500 tyres
£350 tax
£4610 fuel 32mpg
£1000 maintenance and servicing.
£1000 depreciation.
29p per mile
F30 340i with 35k miles on it for £18000
£500 tyres
£260 tax
£3882 fuel 38mpg
£500 maintenance and servicing.
£4000 Depreciation
36.5p per mile.
But I think a 330i is more in line with the 330i.
16 plate 330i F30 with 27k miles at £15200.
£500 tyres
£200 tax
£3353 fuel 44mpg (I know these get this no problem as I did 1200 miles in one over a week and a half.)
£500 maintenance and servicing.
£3000 Depreciation
30.2p per mile.
As I say, I don't think the figures as as far apart as we imagine.
Don't get me wrong, I am past buying new cars, finance etc. I just don't feel I am seeing the savings I expected.
Edited by gizlaroc on Friday 21st February 14:49
gizlaroc said:
E90 330i with 100k on it worth £5k doing 25k a year.
£500 tyres
£350 tax
£4610 fuel 32mpg
£1000 maintenance and servicing.
£1000 depreciation.
29p per mile
In fairness, he's about right there. I run one of these for 25k per year, and my costs are below. It's pretty much bang on.£500 tyres
£350 tax
£4610 fuel 32mpg
£1000 maintenance and servicing.
£1000 depreciation.
29p per mile
https://www.pistonheads.com/members/showcar.asp?ca...
This is a realistic honest and accurate breakdown.
Basically nil? Yeah right.
I think you possibly mean £4020 per annum taking the fuel savings into account.
95JO said:
A disgusting amount, is what!
2015 BMW M235i - 20 months ownership & 30,000 miles...
Monthly payments/finance - £0pm
Depreciation - £275pm
Fuel - £340pm @ 25mpg
MOT/Service - £22pm
Maintenance - £74pm
Extended warranty £47pm
Tax - £22pm
Insurance - £108pm
Total: £888pm
Whilst I'm a fan of electric technology, this is basically some bull that you have in your head.2015 BMW M235i - 20 months ownership & 30,000 miles...
Monthly payments/finance - £0pm
Depreciation - £275pm
Fuel - £340pm @ 25mpg
MOT/Service - £22pm
Maintenance - £74pm
Extended warranty £47pm
Tax - £22pm
Insurance - £108pm
Total: £888pm
Basically nil? Yeah right.
I think you possibly mean £4020 per annum taking the fuel savings into account.
lost in espace said:
Nissan Leaf 30, bought from new on PCP does 15k a year.
Loan £250 a month 4 years remaining.
Fuel £25 a month.
Insurance £20 a month.
Servicing £20, Tyres £20 a month
Tax nil.
Car cost basically nil per annum if you take the fuel savings into account.
Loan £250 a month 4 years remaining.
Fuel £25 a month.
Insurance £20 a month.
Servicing £20, Tyres £20 a month
Tax nil.
Car cost basically nil per annum if you take the fuel savings into account.
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