Soldato
- Joined
- 4 Apr 2003
- Posts
- 7,965
Hey guys
I am starting a new job in a few weeks which is going to require a 110 mile total daily commute so 550 per week + private mileage.
I am car less bar a old 1.4 fiesta, I have to factor in the cost of buying a car suitable for doing 30k per year without costing me an arm and a leg to run and can only really offset that against the total cost of taking the train each day. I can’t afford to buy the car so it would have to be finance.
Of course if I get a lowish mileage car with the thought of running it for 4 years i.e. a total of 120,000 miles the long term saving would be greater than the train which would cost me around £16,000 over those 4 years.
Your thoughts would be appreciated, although it seems a no brainer to go for a car due to costs and savings on travel time, I would need it to be roughly the equivalent totally monthly spend of the train inc fuel, finance servicing etc
#edit Would appreciate if someone could do some more detailed calculations on this, my head is frazzled and I can't seem to get it together or working right
I am starting a new job in a few weeks which is going to require a 110 mile total daily commute so 550 per week + private mileage.
- Price of the train fare with parking is £20 per day . A season ticket inc season parking ticket works out at £18 per day but I would have to fork out a huge amount initially. If I don’t park at the train station it saves £1.50 per day.
- The value of the season ticket would also be lost if I have any sick days or have to go elsewhere for meetings and get a hire car for the day.
- Now the bonus is that there is free parking provided at work and fuel in a diesel would work out roughly at £9 per day maybe £10.
- The train journey all in would take 1 hour 45 mins each way vs about 1 hour for the car. So it all looks favourable for the car but there is a small problem……..
I am car less bar a old 1.4 fiesta, I have to factor in the cost of buying a car suitable for doing 30k per year without costing me an arm and a leg to run and can only really offset that against the total cost of taking the train each day. I can’t afford to buy the car so it would have to be finance.
Of course if I get a lowish mileage car with the thought of running it for 4 years i.e. a total of 120,000 miles the long term saving would be greater than the train which would cost me around £16,000 over those 4 years.
Your thoughts would be appreciated, although it seems a no brainer to go for a car due to costs and savings on travel time, I would need it to be roughly the equivalent totally monthly spend of the train inc fuel, finance servicing etc
#edit Would appreciate if someone could do some more detailed calculations on this, my head is frazzled and I can't seem to get it together or working right
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