How much do people spend on cars?
- Thread starter EvilRob
- Start date
Do you have another car then (or access to one)? How do you get the shops/doctor/dentist/etc?
Yes, my wife has a car and we use that.
Not many. I get .45p/mile and do 180 business miles a week. My personal miles are very low and I get close to 50mpg.
Nice assumptions about my personal circumstances
I work from home and go to the office around once a week (450 mile round trip) and yes I can expense it, plus customer visits. I don't use my car other than work trips.
What impact does the 6k of mileage you do that doesn't receive gov fuel rates have on the variability of your cost btw?
In which case you should be calculating the cost of cars for the household.
That definitely needs to be calculated too, but is a separate calculation than calculating TCO for a new car for work.
There is no such 6k.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
He does 450 a week not 450 a day.
After holidays, the odd week of not going to the office, training events overseas , and business overseas I will probably be under that. This is the first year (from March) that I'm doing such high mileage, so not sure exactly how many miles I will do yet.
Good to know though - do you have a cite for the 15k limit? I can't find it. Hopefully I can avoid it by flying instead if I get near it.
Yeah I was getting confused it is 10k and then it reduces down. It is essentially a limit of 10k as the reduced rate is around the same as recommended fuel rates so tends to be an irrelevance.
Either way you've missed out on a few £k of rebate so far I reckon, and is certainly a variable isn't it??
Either way you've missed out on a few £k of rebate so far I reckon, and is certainly a variable isn't it??
Last edited:
AFAIK if you get the advisory fuel rate (currently 20p/mile for >2l petrol with no mileage limit) with a car allowance, you can claim back the difference in tax between that the business mileage rate.
So for 15k miles, (20p*0.4*10000) + (5p*0.4+5000). This is my first year doing such big miles as I've moved, so I've not claimed this back from HMRC in the past.
Another big variable for you, if you receive gov advisory fuel rates, is the impact on your reimbursement between buying a 1.9L or a 2.1L, they would have the same mileage and the v similar costs would make a big difference to how much ££ you got back.
** Good point, somewhere between 5-10% after tax
** Good point, somewhere between 5-10% after tax
Last edited:
Caporegime
- Joined
- 22 Oct 2002
- Posts
- 29,419
- Location
- Boston, Lincolnshire
Spend as little as possible. All servicing is done by myself. Only thing I pay for is M.O.T every year so I save a lot on labour costs. Two of my cars have hit their depreciation cap and the other car is appreciating. I would say across all 3 I spend about 8%. Once house mortgage is paid off this will increase more than likely. All in Insurance, tax and servicing comes in around 2.5k-3k a year for 3 cars is pretty decent I would say.
Last edited: