How much does your car cost per month?
Discussion
2007 Mazda 6
Insurance £25 per month
Tax £25
Servicing etc £30
Petrol £100
Total £180
Depreciation is now £0 as it is now basically worthless but overall since I've had it £60 per month
However by the application of the well-known science of man maths as above, as I have not recently bought anything with a depreciation of more than £180 per month, I am now actually enjoying free motoring ??
Insurance £25 per month
Tax £25
Servicing etc £30
Petrol £100
Total £180
Depreciation is now £0 as it is now basically worthless but overall since I've had it £60 per month
However by the application of the well-known science of man maths as above, as I have not recently bought anything with a depreciation of more than £180 per month, I am now actually enjoying free motoring ??
Not sure if I've posted yet...
VW Golf TDI. Cost me £11,400 in April 2019. 18,000 miles.
Now done 33,000 miles.
Averaged around 49MPG over that time.
Value is around the same according to other cars on Auto Trader.
Fuel is £1,800.
Tax £30 a year
Insurance £500 a year
MOT £35
Maintenance £417 (water pump, cambelt and service)
Tyres/tracking £150
Mileage will be 16,500 for the year making it £2,000 in fuel...
Costs £250 a month give or take.
Took a loan out to buy it, but as the car hasn't dropped in price (give or take), I've not included that. Otherwise it would be another £250 a month.
VW Golf TDI. Cost me £11,400 in April 2019. 18,000 miles.
Now done 33,000 miles.
Averaged around 49MPG over that time.
Value is around the same according to other cars on Auto Trader.
Fuel is £1,800.
Tax £30 a year
Insurance £500 a year
MOT £35
Maintenance £417 (water pump, cambelt and service)
Tyres/tracking £150
Mileage will be 16,500 for the year making it £2,000 in fuel...
Costs £250 a month give or take.
Took a loan out to buy it, but as the car hasn't dropped in price (give or take), I've not included that. Otherwise it would be another £250 a month.
K50 DEL said:
Around £350 a year to insure the BMW and £300 for the Ferrari
Both are about £215 a year to tax
Ferrari service is normally about £1200 a year with a few little jobs included
BMW probably £250 a year for the same
MOT is £55 each
No other fixed costs really, fuel depends on usage, at the moment probably about £3k a year in the BMW and £500 in the Ferrari
I think that makes the BMW about £72 a month exc fuel and the 360 is about £148
Of course there will be depreciation to account for on the BMW when I sell it, but I've covered 50k miles in 30 months and it's probably dropped about £3k in value, so there's another £100 a month, making the BMW total £172.
The 360 has increased in value in the 62 months I've owned it, probably by about £25k from what I paid for it though, so that helps!
Update for a new year and a new car.Both are about £215 a year to tax
Ferrari service is normally about £1200 a year with a few little jobs included
BMW probably £250 a year for the same
MOT is £55 each
No other fixed costs really, fuel depends on usage, at the moment probably about £3k a year in the BMW and £500 in the Ferrari
I think that makes the BMW about £72 a month exc fuel and the 360 is about £148
Of course there will be depreciation to account for on the BMW when I sell it, but I've covered 50k miles in 30 months and it's probably dropped about £3k in value, so there's another £100 a month, making the BMW total £172.
The 360 has increased in value in the 62 months I've owned it, probably by about £25k from what I paid for it though, so that helps!
So the BMW is sold, over 36 months and 50,000 miles it cost me a total of 33p per mile or £135 a month depreciation, £203 in fuel and £122 in tax and other maintenance.... my total cost was £460 a month.
I've replaced the X1 with a Range Rover Sport 3.0 TDV6 as my commute has shortened somewhat. Now I bought a car at the very bottom of the market that needed some big jobs doing so the figures here are a little skewed, but over 10 months and 9000 miles, it has cost me a total of 74p excluding depreciation. if I sold it now, having done all the jobs, I would get about what I paid for it back, maybe £250 more looking at equivalent cars on AT
My monthly cost so far therefore has been £671 per month.
Although I'm only 2 months away from another £550 tax bill and £300 service and MOT, I expect those to be the only costs over the next year / 12k miles so the monthly cost will decline substantially (either that or it'll be sold lol)
Insurance about €25/ month
Parking permit €5
Servicing €0 in the last year
Fuel probably average about €30 (only using it for occasional trips at the moment)
Depreciation minimal (10 year old Skoda), €30-€40?
Car allowance from work €100
So it's currently somewhere between costing me next to nothing and making me a small profit
It does need a service soon though.
Parking permit €5
Servicing €0 in the last year
Fuel probably average about €30 (only using it for occasional trips at the moment)
Depreciation minimal (10 year old Skoda), €30-€40?
Car allowance from work €100
So it's currently somewhere between costing me next to nothing and making me a small profit
It does need a service soon though.
jakesmith said:
My R8 that I’ve had for 16 months and 12k miles:
£3k depreciation
£10k maintenance
£1.5k insurance mot tax
£4K upgrades
£4K fuel
So £22.5k for 12,000 miles
£1.89 per mile, not too bad
Out of interest, what sort of maintenance has been required? Is that normal stuff or unusual? £3k depreciation
£10k maintenance
£1.5k insurance mot tax
£4K upgrades
£4K fuel
So £22.5k for 12,000 miles
£1.89 per mile, not too bad
Gad-Westy said:
jakesmith said:
My R8 that I’ve had for 16 months and 12k miles:
£3k depreciation
£10k maintenance
£1.5k insurance mot tax
£4K upgrades
£4K fuel
So £22.5k for 12,000 miles
£1.89 per mile, not too bad
Out of interest, what sort of maintenance has been required? Is that normal stuff or unusual? £3k depreciation
£10k maintenance
£1.5k insurance mot tax
£4K upgrades
£4K fuel
So £22.5k for 12,000 miles
£1.89 per mile, not too bad
Exhaust rattling could have bought a 2nd hand oem or had it repaired but got a titanium valved system that was about £2500 fitted, that was a bit uneccesary.
Carbon clean £500 turns out it was done a few thousand miles before someone on here told me
3 new struts, new engine cooling fan, 4 tires, 2 services, 2 sets new wipers, new air con pressure switch, new rear brake and fog light assembly, hand brake pads, retrofit cruise, new air filters and maffs, brake fluid
All needed doing. It’s an 08 car. Don’t think you can run one for A3 money just because it’s an Audi.
I've just sold MrsPB's Mk6 Golf GTI and the stats are in - total costs were AU$22,000 in 39 months and 44,000kms. That is for all servicing, insurance, depreciation, tyres, repairs, everything I can think of.
AU$564/month which is approx GBP285/month
AU$0.50/km which is approx GBP0.40/mile
And I've just done a similar calc for the Liberty, which came out at AU$640/month (GBP325/month) or AU$0.61/km (GBP0.48/mile) - that's across 36 months and 38,000kms
The 928 is harder to gauge as I think most of the costs have been offset by appreciation in market value. I reckon its about cost neutral over 42 months and 8,000kms
AU$564/month which is approx GBP285/month
AU$0.50/km which is approx GBP0.40/mile
And I've just done a similar calc for the Liberty, which came out at AU$640/month (GBP325/month) or AU$0.61/km (GBP0.48/mile) - that's across 36 months and 38,000kms
The 928 is harder to gauge as I think most of the costs have been offset by appreciation in market value. I reckon its about cost neutral over 42 months and 8,000kms
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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
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Exactly. I’m sure some young people on here spend a ridiculous % of their income on cars, but unless you are wealthy then as you get older the need to save does kick in.....
DjSki said:
Exactly. I’m sure some young people on here spend a ridiculous % of their income on cars, but unless you are wealthy then as you get older the need to save does kick in.....
I'm amazed at how many of my peer group are 'starting their pension soon'. I'm 47 this year and most are around the same age, most earning decent money, but still have a big mortgage to pay off, so not loads of spare cash.
For me to retire at 65 I need to put in £1700 a month to get just £30k a year.
I'm just not sure many of us have realised how much we need to be putting away. I sort of regret the amount I have spent on toys over the years. Sort of anyway.
Looking back on getting on for 60 years of motoring, I sometimes wish I had been born a century earlier. I would certainly be a far richer man than I am today. Some during my 40s and 50s include a 348TS, M1, M635, 325 Sport XJ6, - all except two bought new and losing a fortune. Then I got sensible and have only bought mundane Mercedes 2nd hand. Except I still have the E-type and the Lynx XKSS in the garage 
I wish I didn’t live in London.
My insurance is £1000/year. And I’m in a good cheap part of London.
It’d be £650 back in Hertfordshire.
Amazed at how cheap some of your insurance is still though!
I’m assuming most of these policies are social domestic and commuting?
Whereas I have to have class 1 business which I’d guess pushes it up a bit.
My insurance is £1000/year. And I’m in a good cheap part of London.
It’d be £650 back in Hertfordshire.
Amazed at how cheap some of your insurance is still though!
I’m assuming most of these policies are social domestic and commuting?
Whereas I have to have class 1 business which I’d guess pushes it up a bit.
PCP’d Land Rover Disco 5
£770 Payment (including deposit split over the term)
£200 petrol
£50 insurance
£40 tax
Servicing included but will probably need £800 of tyres in a couple of years and I usually get through £300 of paintwork repairs every year.
About £1060 a month, for a lardy 4x4. Absolutely fantastic car but I don’t think I could even begin to say it’s good value for money. That being said, I bought it (rented it - if that’s your take on PCP) knowing what the cost would be over the three years as that was the main attraction of PCP.
The TVR is completely uncosted but I’d guess £100 a month averaged over ten years. I’d call that good value.
£770 Payment (including deposit split over the term)
£200 petrol
£50 insurance
£40 tax
Servicing included but will probably need £800 of tyres in a couple of years and I usually get through £300 of paintwork repairs every year.
About £1060 a month, for a lardy 4x4. Absolutely fantastic car but I don’t think I could even begin to say it’s good value for money. That being said, I bought it (rented it - if that’s your take on PCP) knowing what the cost would be over the three years as that was the main attraction of PCP.
The TVR is completely uncosted but I’d guess £100 a month averaged over ten years. I’d call that good value.
Last year I reckoned my Boxster was ~£400 per month in costs excluding fuel, and I’d just swapped it for a (then) 3-month old M140i. I reckoned the M140i would be £440-480 p/m before fuel - it’s actually turned out a little cheaper.
In the last year and 4,000 miles, costs have been:
Depreciation: £300
Insurance: £51
Tax: £12
Cost of capital @1.5%: £29
Servicing/repairs: Nil
Fixed (ish) costs: £392
Fuel: £65 (achieved 30.0mpg, at £1.29 per litre)
Insurance has just gone up by 50% (despite no changes or incidents, b
ds), which adds £300 for the year, but I expect that’ll be offset by less depreciation.
In the last year and 4,000 miles, costs have been:
Depreciation: £300
Insurance: £51
Tax: £12
Cost of capital @1.5%: £29
Servicing/repairs: Nil
Fixed (ish) costs: £392
Fuel: £65 (achieved 30.0mpg, at £1.29 per litre)
Insurance has just gone up by 50% (despite no changes or incidents, b
ds), which adds £300 for the year, but I expect that’ll be offset by less depreciation.Gassing Station | General Gassing | Top of Page | What's New | My Stuff