So my Swift is coming up to its second birthday and has done about 17K miles. (base model, paid 7750 for it new, think its worth about 5K private now)
I've recently started doing a lot more travelling for work to the extent that I am now averaging about 1000 miles a month with 600 miles of that being business miles which I claim back 40p a mile for.
In these crazy petrol price times I'm getting 350 miles out of £50 worth of fuel (the Swift isn't that great economy wise, I get about 40mpg), so I'm actually coming out up about £100 a month on petrol alone. This kind of covers my insurance (which is a bit higher because of the business miles but not that much) and servicing, tax plus a bit. So my car works out costing me nothing on a month to month basis but obviously is depreciating.
Question is, how much difference is there going to be in a few years time if my car is about 5 years old and has done 55000 miles to if it had only done say 40000 miles which it was on course for before my increase in miles.
A 5 year old Swift is only going to be worth say 2K if im lucky right? so that amount of difference in miles can't be more than a few hundred or am I underestimating the difference in mileage?
I've recently started doing a lot more travelling for work to the extent that I am now averaging about 1000 miles a month with 600 miles of that being business miles which I claim back 40p a mile for.
In these crazy petrol price times I'm getting 350 miles out of £50 worth of fuel (the Swift isn't that great economy wise, I get about 40mpg), so I'm actually coming out up about £100 a month on petrol alone. This kind of covers my insurance (which is a bit higher because of the business miles but not that much) and servicing, tax plus a bit. So my car works out costing me nothing on a month to month basis but obviously is depreciating.
Question is, how much difference is there going to be in a few years time if my car is about 5 years old and has done 55000 miles to if it had only done say 40000 miles which it was on course for before my increase in miles.
A 5 year old Swift is only going to be worth say 2K if im lucky right? so that amount of difference in miles can't be more than a few hundred or am I underestimating the difference in mileage?
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