Calculating cost of changing cars to save money each each?

[edscdk]

buying a newer car is never cheaper unless your current car is extremely unreliable and falling apart everywhere and expensive to fix.

spending £10K to save £200 a year on road tax would be like me spending £5K on a tv to save £50 a year in electricity over a plasma.

cars are depreciating assets.

Try explain that to my wife, when we were buying a car she just could not see spending an extra 5k on a car with cheaper road tax and slightly better mpg is not going to save you anything

 

[bimbleuk]

My Zoe is ~1.4p/mile, works out at about £200/year doing ~14k (well, probably more like £250 taking into account the odd public charge)

The calc uses the national average for electricity in which case the Zoe comes out at 4.1p per mile

Clearly not representative of lower tariffs such as Economy 7 etc.

My cost would be less as they used 16.5p per kwh but it was just a quick calc to show in that in this case the old and new Fords were potentially only £15 per month different. EVs were a possible way to make a big difference excluding everything else!

My previous car was a perfectly good Celica circa 2003 which my pops GAVE to me as he couldn't drive it any longer. I just repeat to myself but it saves me £100 per month ... but it saves me £100 per month. So only another 12 years to reach ROI!

 

[Haggisman]

The calc uses the national average for electricity in which case the Zoe comes out at 4.1p per mile

Ah, fair enough, that makes more sense

16.5p per kwh

I worked out my Zoe is "saving" me ~£220/month in petrol, tax and insurance vs running the 13 year old Civic it replaced, its still costing me ~£100/month extra overall, but in 5 years time it should (hopefully!!) still be worth something, whereas otherwise I would probably have had to spend a decent chunk of that in repairs/maintenance or on a replacement. I guess in reality it's probably not actually saving me much (if anything), but even if not, £100/month is still a decent price for a brand new car XD

If I'd gone for a 2nd hand one (was considering a 2017 Leaf) , then I probably would have saved a bit, but the range on an older generation EV would have quickly become a pain!

 

[ShiWarrior]

thanks to everyone for the help
keeping the car for now