The cost of running my wedge
Discussion
OK i'm sorning the wedge for the winter but id thought id do a (very rough)cost estimate of running my wedge for the summer just in terms of Fuel Insurance and Tax
Fuel 800mls @ 25mpg = 32gals = 146 ltrs @ £1.40 = £204.40
Insurance = £212
Tax (RFL) = £121
total = £537.40
Cost per mile £537/800mls = 67p per mile
The frightening thing is the proportion of this money that goes straight to the tax man -
All of the RFL = £212
Insurance tax = £12
Duty/VAT on fuel @ 80% of total selling price = £163.50
A total of = £296.50
or to put it another way around 55% of my running costs are pure taxes or to put it another way without taxes my running costs would have been about 30p per mile !!!!
THE ROBBING B
S
Zig it's time you ran for government lad
Fuel 800mls @ 25mpg = 32gals = 146 ltrs @ £1.40 = £204.40
Insurance = £212
Tax (RFL) = £121
total = £537.40
Cost per mile £537/800mls = 67p per mile
The frightening thing is the proportion of this money that goes straight to the tax man -
All of the RFL = £212
Insurance tax = £12
Duty/VAT on fuel @ 80% of total selling price = £163.50
A total of = £296.50
or to put it another way around 55% of my running costs are pure taxes or to put it another way without taxes my running costs would have been about 30p per mile !!!!
THE ROBBING BSZig it's time you ran for government lad
It appears i made a couple of errors - one in my adding up (ran out of fingers)and one in the level of Duty/VAT on fuel is apparently "ONLY" 60%.
Here's some revised figs
All of the RFL = £121
Insurance tax = £12
Duty/VAT on fuel @ 80% of total selling price = £122.64
A total of = £255.64
This makes the percentage of tax paid ONLY 47%
Without tax my running costs would have been 35p per mile !!!
Still its good to know that all that hard earned cash i hand over in taxes is being spent so wisely......(overseas aid ,benefit payments to feckless people with six kids by four different fathers ,illegal asylum seekers , politicians expenses....) You never know they might even spend some of it on maintaining the roads
Here's some revised figs
All of the RFL = £121
Insurance tax = £12
Duty/VAT on fuel @ 80% of total selling price = £122.64
A total of = £255.64
This makes the percentage of tax paid ONLY 47%
Without tax my running costs would have been 35p per mile !!!
Still its good to know that all that hard earned cash i hand over in taxes is being spent so wisely......(overseas aid ,benefit payments to feckless people with six kids by four different fathers ,illegal asylum seekers , politicians expenses....) You never know they might even spend some of it on maintaining the roads
I thought it was higher too hence 80% in my first post but i looked on a website (petrolprices.com) and they recon the breakdown on a litre of fuel (priced at 132.9p) is:-
Fuel duty 57.95p -------- Fg disgusting
Cost of product 47.8p
VAT 22.15p
Retailer/delivery 5p
Your right about the VAT they charge it at the end so you pay VAT on the duty being levied too - so your taxed on the tax !!!!
Fuel duty 57.95p -------- F
g disgustingCost of product 47.8p
VAT 22.15p
Retailer/delivery 5p
Your right about the VAT they charge it at the end so you pay VAT on the duty being levied too - so your taxed on the tax !!!!
Hi Peeps..Had a bit of a rough night as i ended up in hospital with a kidney infection after peeing blood..Very scary..Still im on the mend but i wont be ranting about how we get ripped off in this country..(Not yet anyway's)...Im sure i read that petrol stations were going to start putting boards up as regards to fuel duty in a plight to lower the taxation...I havent seen one yet...I think its a bargaining tool in respect of governmental pressure..If eveyone started a campaign to cut fuel prices, Even in half then they could but would still be earning a tidy profit.."Fat cats getting fatter..One day they will pop"...Ziga
Bu993ring hell Mark, not good! Hope you get sorted soon 
I seem to recall this 'cost per mile' thing has been done on here a few times, once fairly recently... I think I calculated that for the miles I've done in my 390SE in 12 years it worked out (including fuel, insurance and depreciation) at something like a pound a mile. Ask yourself this: can you go one mile on a bus or in a taxi, for a pound?
I seem to recall this 'cost per mile' thing has been done on here a few times, once fairly recently... I think I calculated that for the miles I've done in my 390SE in 12 years it worked out (including fuel, insurance and depreciation) at something like a pound a mile. Ask yourself this: can you go one mile on a bus or in a taxi, for a pound?
Wedg1e said:
Bu993ring hell Mark, not good! Hope you get sorted soon
Ask yourself this: can you go one mile on a bus or in a taxi, for a pound?
+1 Mark hope your all mended soon mate. (was that Nurbu993ring hell)Ask yourself this: can you go one mile on a bus or in a taxi, for a pound?
Even if you COULD go 1 mile per £ in a bus/taxi it would be boring as hell compared to doing it by TVR....
I have said that even if petrol became (God forbid!) £5 per litre (instead of about that for a Gallon) I'd still drive my TVR, I might drive it a little bit less, but I'd still drive it!
Part of the problem is that some people NEED a car and while that is the case the government etc can charge almost what they like and get away with it.
I'm one of the "lucky" ones, I walk to work (about 10mins) so don't need to use the car daily, during the fuel protests, I just stopped using my car, I was fortunate that I had filled up a few days before they hit as well so had a tank of "cheap" petrol in the Jag if I had needed to use it.
...I wish... I'm lucky if my 390 does 17mpg 
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