Where is most of your 'car money' going?
Poll: Where is most of your 'car money' going?
Total Members Polled: 151
Discussion
For both my cars the two are very similar:
Elise:
Servicing and tyres plus depreciation: ~£750 a year
Fuel for 5,000 miles a year at 40mpg: ~£730.
320d:
Servicing and tyres plus depreciation: ~£1400 a year (I bought the car at trade price, so deprecation averaged over ownership period will be low)
Fuel for 10,000 miles a year at 45mpg: ~£1323.
For my motor racing, obviously fuel is by a long way the lowest cost (for the race car that is, the lorry to transport it at about 8mpg is another matter for the poor team trying to make a living!).
Elise:
Servicing and tyres plus depreciation: ~£750 a year
Fuel for 5,000 miles a year at 40mpg: ~£730.
320d:
Servicing and tyres plus depreciation: ~£1400 a year (I bought the car at trade price, so deprecation averaged over ownership period will be low)
Fuel for 10,000 miles a year at 45mpg: ~£1323.
For my motor racing, obviously fuel is by a long way the lowest cost (for the race car that is, the lorry to transport it at about 8mpg is another matter for the poor team trying to make a living!).
pilchardthecat said:
Fuel - about £4k and rising
Insurance - £450
Tyres - £700
Servicing between £300 and £800 depending on whaich one it is
This year the BMW M warranty thing which will be about £900 i'm told
Depreciation = 0 as i'm never ever selling it
So fuel is something like two-thirds
Isn't it equally fair to say depreciation 100% as you're never selling it, so will never get any of the purchase money back. Of course, you can write that off immediately if it's a keeper.Insurance - £450
Tyres - £700
Servicing between £300 and £800 depending on whaich one it is
This year the BMW M warranty thing which will be about £900 i'm told
Depreciation = 0 as i'm never ever selling it
So fuel is something like two-thirds
Just worked out that I spent £2.5k in the last year on fuel 
Thats a lot of money. Add the £800 for insurance and £125 for tax, £50 for MOT £600 for service parts and thats over £4000 on the car this year (well, last year) 
And thats assuming I got the car for free!
ETA: thats 16ppm, which isnt so bad I suppose. I recon depreciation is about 3.8ppm so 20ppm in total.
Thats a lot of money. Add the £800 for insurance and £125 for tax, £50 for MOT £600 for service parts and thats over £4000 on the car this year (well, last year) And thats assuming I got the car for free!
ETA: thats 16ppm, which isnt so bad I suppose. I recon depreciation is about 3.8ppm so 20ppm in total.
Edited by TheLurker on Tuesday 4th January 14:59
For my R19TD- work and back and thats about it.
1200 miles a month.
In the last year at 40mpg thats 30G a month, or 360G/Year. Call it £5.50 a gallon average thats £1980 on fuel.
Other expenses all inclusive-
Insurance- £300
Tax- £220 (2 six monthers)
Windscreen- £110
MOT test- £29
Services x 2- £40
Radiator replaced but I had a spare so £0
Wing, bonnet, headlight and bumper replaced due to a crash- again i had all the spares so £0
Total ~£700
Stupid robbing government tossers. Fuel is my second biggest outlay next to my mortgage every month.
1200 miles a month.
In the last year at 40mpg thats 30G a month, or 360G/Year. Call it £5.50 a gallon average thats £1980 on fuel.
Other expenses all inclusive-
Insurance- £300
Tax- £220 (2 six monthers)
Windscreen- £110
MOT test- £29
Services x 2- £40
Radiator replaced but I had a spare so £0
Wing, bonnet, headlight and bumper replaced due to a crash- again i had all the spares so £0
Total ~£700
Stupid robbing government tossers. Fuel is my second biggest outlay next to my mortgage every month.
Edited by DaveL485 on Tuesday 4th January 15:08
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