Car ownership cost per mile

PiKe said:
As long as the mileage is under 10,000 does depreciation actually factor into it?

The car is going to depreciate just sat on a driveway anyway...
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10k personal miles +10k business would have an effect over just 10k personal miles I would have thought. Especially after 3 years
 
PiKe said:
I'm trying to work out if the 40p tax free rate per mile actually covers the use of the car in a company, I've worked out the pence per mile, but I need to work out the wear and tear figures and factor those in as well, so I need to know, or be given a link to where I might find the figures for the life expectancy of the clutch/brakepads/etc on a Freelander 02 model.
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There was an article in one of the motoring mags a while back which discussed this in great detail. If memory serves you'd struggle to break even running something like a 1.8 Astra/Vectra.
 
Giddy said:
There was an article in one of the motoring mags a while back which discussed this in great detail. If memory serves you'd struggle to break even running something like a 1.8 Astra/Vectra.
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Becuase the majority of the motoring cost per mile is not fuel economy, or insurance or even repairs its depreciation.

Just to give you an idea, using my example of the 530i above, assuming you discount depreciation (Perhaps becuase you plan to keep the car for a long time or becuase it's value is incidental to you becuase youve not bought it new for £36k) the cost of running a car is not really that high.

I remember reading a Long Term report in the back of TG magazine a while back where they were really chuffed that including depreciation, it was 'only' costing 55p a mile to run a Suzuki Swift.

Yet nobody seems to care? They buy brand new/nearly new cars and cry about fuel costs whilst remaining oblivious to the fact that, at 17p a mile @ 30mpg (and less than 10p a mile at 55mpg) fuel costs even at their current price pale into insignificance..
 
[TW]Fox;11775815 said:
Becuase the majority of the motoring cost per mile is not fuel economy, or insurance or even repairs its depreciation.

Just to give you an idea, using my example of the 530i above, assuming you discount depreciation (Perhaps becuase you plan to keep the car for a long time or becuase it's value is incidental to you becuase youve not bought it new for £36k) the cost of running a car is not really that high.

I remember reading a Long Term report in the back of TG magazine a while back where they were really chuffed that including depreciation, it was 'only' costing 55p a mile to run a Suzuki Swift.

Yet nobody seems to care? They buy brand new/nearly new cars and cry about fuel costs whilst remaining oblivious to the fact that, at 17p a mile @ 30mpg (and less than 10p a mile at 55mpg) fuel costs even at their current price pale into insignificance..
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I would imagine depreciation was taken into consideration as 40ppm to run an Astra seems expensive, it was just something that stuck in my mind.

If we worried about depreciation we'd all be driving 20 year old sheds. I like to forget about the costs and put my foot down, I'll worry about how much I've lost when I trade it in.
 
Giddy said:
If we worried about depreciation we'd all be driving 20 year old sheds. I like to forget about the costs and put my foot down, I'll worry about how much I've lost when I trade it in.
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Which is a perfectly good attitude, but then you don't seem to be one of those moaning about the cost of fuel as you put another drop into your 08 plate Vectra :p
 
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