Where is most of your 'car money' going?

Where is most of your 'car money' going?

Poll: Where is most of your 'car money' going?

Total Members Polled: 151

Fuel: 68%
Running costs / depreciation: 32%
Author
Discussion

Matt UK

Original Poster:

13,582 posts

147 months

Tuesday 4th January 2011
quotequote all
Over the course of a year and I'm spending more on fuel than everything else added together.

TommyBuoy

1,121 posts

114 months

Tuesday 4th January 2011
quotequote all
I voted fuel, but with short trips in and around town as well as old crumbly suspension parts it has been 50 / 50 this (last) year.

ETA: Insurance would tip it the other way, but is it a running cost scratchchin

Edited by TommyBuoy on Tuesday 4th January 14:39

JonnyFive

28,906 posts

136 months

Tuesday 4th January 2011
quotequote all
I spend most on insurance, then fuel I'd imagine.

Rawwr

22,449 posts

181 months

Tuesday 4th January 2011
quotequote all
Go to my garage and look at the running costs of my Mondeo.

martin mrt

3,142 posts

148 months

Tuesday 4th January 2011
quotequote all
Seeing as I bought both my car and van at trade prices and both so far have cost me nothing to run other than servicing I'm spending far more on fuel than anything else


cuprabob

8,103 posts

161 months

Tuesday 4th January 2011
quotequote all
Fuel for me at the moment, R32 is addicted to the stuff.


y2blade

56,027 posts

162 months

Tuesday 4th January 2011
quotequote all
Fuel smile

smartypants

41,928 posts

116 months

Tuesday 4th January 2011
quotequote all
Always fuel. By a LONG way

kambites

57,492 posts

168 months

Tuesday 4th January 2011
quotequote all
I think fuel, insurance, depreciation and "other stuff" are roughly equal, overall. I only cover 5000 miles a year.

Edited by kambites on Tuesday 4th January 14:49

pilchardthecat

7,483 posts

126 months

Tuesday 4th January 2011
quotequote all
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




RobM77

33,191 posts

181 months

Tuesday 4th January 2011
quotequote all
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!).

DullBoy

89 posts

110 months

Tuesday 4th January 2011
quotequote all
pilchardthecat said:
Depreciation = 0 as i'm never ever selling it
what if it gets written off in an accident?

ewenm

28,506 posts

192 months

Tuesday 4th January 2011
quotequote all
On the new V50, it's mostly depreciation.
On the Caterham, it's mostly fuel and I do most of the maintenance myself.
On the Mustang, it's nothing as it's not running at the moment (well, £130 insurance).

Chris_w666

22,655 posts

146 months

Tuesday 4th January 2011
quotequote all
It was depreciation but now it is pretty much all fuel, which isn't too painful given tiny miles.

ewenm

28,506 posts

192 months

Tuesday 4th January 2011
quotequote all
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.

pilchardthecat

7,483 posts

126 months

Tuesday 4th January 2011
quotequote all
DullBoy said:
pilchardthecat said:
Depreciation = 0 as i'm never ever selling it
what if it gets written off in an accident?
I hadn't thought of that frown

Since i bought it at 3-and-a-bit years old it'll drop less than the last one (i hope).

God it's expensive this car business

TheLurker

878 posts

143 months

Tuesday 4th January 2011
quotequote all
Just worked out that I spent £2.5k in the last year on fuel frown 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) eek

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

Twincam16

27,646 posts

205 months

Tuesday 4th January 2011
quotequote all
JonnyFive said:
I spend most on insurance, then fuel I'd imagine.
yes

Maintenance costs me less than insurance and I'm guessing fuel does too. I could buy another car with the money I'm paying for insurance.

smartypants

41,928 posts

116 months

Tuesday 4th January 2011
quotequote all
Chris_w666 said:
It was depreciation but now it is pretty much all fuel, which isn't too painful given tiny miles.
Fuel at least is a cost you can control

adycav

7,615 posts

164 months

Tuesday 4th January 2011
quotequote all
Easily fuel for me.

My 993 isn't depreciating and I'm an old bugger so my insurance is cheap.