Working out cost per mile
Discussion
Apologies for appearing to be a tad stupid but im struggling to workout my cost per mile in the Mini. Im trying to do some basic man maths to justify a barge or 4x4 of some sort with a large V6 or V8.
I know that im roughly getting 28mpg out of the Mini Cooper S and last year covered around 8600 miles.
Is there a simple way to work it out and what else do i need to include? Insurance? Tax? Etc?
Maths has never been my strong point.
I know that im roughly getting 28mpg out of the Mini Cooper S and last year covered around 8600 miles.
Is there a simple way to work it out and what else do i need to include? Insurance? Tax? Etc?
Maths has never been my strong point.
I have a spreadsheet and I record:
Fuel
Tax
Insurance
Tyres
Servicing
Oil
Screenwash (yes really!)
Depreciation <- This one most people forget
Income (from car allowance + expenses)
Loan repayments
Basically anything that I spend is recorded.
My current daily driver (Jag XJR) I have had for 7 months and so far it has cost me 1.3p per mile over 10,260 miles. But I have outstanding expenses so by the end of this month that should be about 0 which is all I aim for - no cost motoring in a nice car :-)
Fuel
Tax
Insurance
Tyres
Servicing
Oil
Screenwash (yes really!)
Depreciation <- This one most people forget
Income (from car allowance + expenses)
Loan repayments
Basically anything that I spend is recorded.
My current daily driver (Jag XJR) I have had for 7 months and so far it has cost me 1.3p per mile over 10,260 miles. But I have outstanding expenses so by the end of this month that should be about 0 which is all I aim for - no cost motoring in a nice car :-)
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