Cheap 996 running costs.

[flow99]

Have ventured onto the Italian exotica forum, and scared at some of the big bills being batted around for Italian ownership.

Having just sold my '02 996 C2, which has been owned from new, I have the full history file with all receipts on my desk, so totted up all the invoices and for 82,000 miles, the total costs for all services, repairs, MOT's etc through the OPC, but excluding tyres, the total came to £6,346.34 plus VAT.

That equates to about a £100 a month or more importantly less than 8p a mile, which IMO is 'cheap as chips', and brought a smile on this dreary wet Wednesday morning.

Wonder if the new GT3 will be as cheap to run?

[xTVR]

Sounds pretty good to me, I have the same car, same age. How did depreciation work out on the same p/mile basis?

PS I chickened out of doing a similar calculation for my mk1 Tuscan - much too scarey!

[flow99]

xTVR said:

Sounds pretty good to me, I have the same car, same age. How did depreciation work out on the same p/mile basis?

PS I chickened out of doing a similar calculation for my mk1 Tuscan - much too scarey!

I ran TVR's for several years and wouldn't have contemplated the same calaculation.

Depreciation worked out at 44p / mile. So effectively depreciation and running costs, excluding fuel and tyres was 52p / mile. Don't have any records on fuel / tyre costs over that time.

[Deutscher]

You should add the cost of capital - even if you paid cash.

If you'd had £75k invested this would return around £100 per month, and this needs to be added to your figures.

[pikey]

flow99 said:

Having just sold my '02 996 C2, which has been owned from new, I have the full history file with all receipts on my desk, so totted up all the invoices and for 82,000 miles, the total costs for all services, repairs, MOT's etc through the OPC, but excluding tyres, the total came to £6,346.34 plus VAT.

I note you say "plus VAT" - was it a company paying for it or did you actually pay £7.4k?

I'll agree though, that is bloody good for 'mechanical running costs' for that type of car over that long a time/miles.

I did something similar once with 1 year of Cerbera ownership, but included depreciation, fuel, insurance, finance payments. Came to a rather whopping £20k (for 9k miles). Click.

[Deutscher]

Great chart Pikey. Very informative.

Too many folk 'forget' or disregard certain items as they can't face up to the real cost of ownership.

[flow99]

pikey said:

I note you say "plus VAT" - was it a company paying for it or did you actually pay £7.4k?

I'll agree though, that is bloody good for 'mechanical running costs' for that type of car over that long a time/miles.

I did something similar once with 1 year of Cerbera ownership, but included depreciation, fuel, insurance, finance payments. Came to a rather whopping £20k (for 9k miles). Click.

Quoted figures ex VAT only as I nearly always deal in figures ex VAT, and I'd actually totted the sum of the bills as a comparison to another thread on the Ferrari forum, which was quoted ex VAT. I haven't kept a record of fuel, finance costs etc so can't comment on the full cost of ownership, but was simply pleased with the lack of mechanical expenditure.

[pikey]

flow99 said:

pikey said:

I note you say "plus VAT" - was it a company paying for it or did you actually pay £7.4k?

I'll agree though, that is bloody good for 'mechanical running costs' for that type of car over that long a time/miles.

I did something similar once with 1 year of Cerbera ownership, but included depreciation, fuel, insurance, finance payments. Came to a rather whopping £20k (for 9k miles). Click.

Quoted figures ex VAT only as I nearly always deal in figures ex VAT, and I'd actually totted the sum of the bills as a comparison to another thread on the Ferrari forum, which was quoted ex VAT. I haven't kept a record of fuel, finance costs etc so can't comment on the full cost of ownership, but was simply pleased with the lack of mechanical expenditure.

Oh, don't get me wrong - still bloody good numbers!

I suppose as Ferraris generally do fewer miles, the cost per mile on yours really does look impressive.

Anyway, I think it's a bad thing to tot up just what sports car ownership really does cost. I've only done it the once

[xTVR]

All of which goes to show that Pork should be driven as much as possible - always said it makes a brilliant everyday hack.