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How much does your car cost you overall?

Discussion in 'Motors' started by Quartz, 21 Sep 2021.

  1. Quartz

    Capodecina

    Joined: 1 Apr 2014

    Posts: 13,929

    Location: Aberdeen

    A very quick estimate of my Skoda Yeti indicates a rough cost of about £1.30 a mile. The bulk of that, of course, is the £18k - £20k depreciation over the past 8 years, of which £5K was VAT.
     
  2. DRZ

    Soldato

    Joined: 2 Jun 2003

    Posts: 6,965

    Location: In the top 1%

    Interesting thread will be interesting!

    My M5 cost me 27p/mi in fuel. When you add in insurance, tax, warranty, tyres and appreciation(!) that comes to 54p/mi over 6574 miles.

    £1.30 a mile seems stratospheric for running a Yeti. My M3 cost me around that over 14,000 miles and I had a £10,000 engine bill in that time!
     
  3. Chris1712

    Sgarrista

    Joined: 29 Jul 2004

    Posts: 9,464

    Location: Somerset

    £0.91 per mile excluding depreciation, £0.30 per mile including it (values gone up just like everything) - Alfa Romeo 4C.

    37mpg average
    £16/month servicing
    £40/month maintenance (brakes basically, track days)
    £30/month tyres
    £62/month insurance (inc track cover)
    £42/month tax

    Can open, worms everywhere.
     
    Last edited: 21 Sep 2021
  4. SDK^

    Capodecina

    Joined: 18 Oct 2002

    Posts: 19,270

    My Polestar 2 is costing me £0.64 per mile.

    Car/Insurance/Tyres & Servicing £21.2k (3 years)
    Electricity for 36k miles : £1,700
     
  5. Quartz

    Capodecina

    Joined: 1 Apr 2014

    Posts: 13,929

    Location: Aberdeen

    It's down to the very low mileage. I've done 21k miles in 8 years. It's gone from £26K to £8k.
     
  6. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,861

    This is actually quite a difficult measure to be comparative on. On some cars, people covering a very high mileage will have a disproportionately low cost per mile - even if the car is unreliable the sheer quantity of miles will result in a low cost per mile figure. Other people may opt to buy a brand new but ordinary care to drive very infrequently, this will give them a very high cost per mile. However if they did the same mileage as the unreliable car owner, or the unreliable car owner did the same mileage as them, the pictures would look quite different.

    But anyway, I'll have a go.

    Including Depreciation, Fuel, Warranty, Servicing and Tyres my 2015 530d, which I've owned for 5 years from 12 months old, works out at pretty much 50p a mile.

    Which is actually quite weird, as both my previous 530d and my E39 530i both ended up averaging out at the same - 48p for the 2010 530d, 52p for the E39 530i.

    For the Mini, which we bought new... 35p a mile.
     
  7. Gibbo

    Commissario

    Joined: 17 Oct 2002

    Posts: 34,932

    Location: OcUK HQ

    I will be honest, a lot of money, but I don't bother trying to work it out to cost per mile, when they need work or a service it just gets done.

    Had the Ferrari for nearly three years now, paid 152k, done over 12,000 miles in it. Servicing has been free (7yr service pack), but the last dealer visit cost me £700 in repairs and £2800 to extend warranty, its first major ownership bill, could be argued the warranty is pointless on a 458, but its peace of mind. MPG is probably terrible, insurance is £800 per year, tyres I've fitted one set in ownership so another £1000 and its latest bill is about £2500 to rectify some oxidisation issues and £3608 for a new windscreen which insurance will cover. Depreciation is unknown but trade offers are in the 115-130k region, retail would be 140-160k depending on dealer etc. In short for the marque its cost me very little as its held value well even though I have doubled the mileage.

    Honda S2000 cost very little, service was £200, its appreciated by around £5000, insurance is £400, road tax is like £550. :eek:

    Corvette, no tax, £150 to insure, only bills have been restoring certain parts, probably about £500 spent so far, no depreciation, its probably appreciating and last weekend it won best American car on show. :)

    GR Yaris, new car, no depreciation due to times we live in, only cost so far was £350 for a running in service requested by myself, so all fluids change, insurance is £400. Tax I think is like £340.

    Aston Martin, had over three years now, cost 42, now valued over 50k, was serviced recently and cost £650, insurance is around £550.

    Porsche Boxster Spyder, newest purchase, paid 43k, probably won't depreciate and might appreciate due to rarity of the model, its new so has no cost so far apart from the mods I've done which are like £100. Tax is £340 and its £500 to insure.


    The bulk of cost is insurance, road tax and fuel, plus servicing and maintenance. Depreciation fortunately is none existent as between them all they balance out and if the trend continues they will all be worth more than paid for.
     
  8. Howard

    Capodecina

    Joined: 12 Jul 2007

    Posts: 16,261

    Location: South East

    After I got rid of the Mondeo, I worked out that including depreciation, servicing, cosmetic and mechanical upgrades, and repairs/maintenance, it cost me £0.24 per mile, or £157 per month divided equally.

    This doesn't include fuel. Average fuel cost per mile is £0.205 according to Fuelly.

    The focus is still worth, as trade price, somewhere around what I paid for it, and the only money I've so far spent on it is the Sync 3 upgrade.
     
  9. lovelyhead

    Wise Guy

    Joined: 25 Sep 2012

    Posts: 1,654

    Location: Scotland

    For my Nissan Leaf 24Kw it costs about £100 for a service, £200 for insurance and about £156 for electricity per year (although that could be less this year as Chargeplace Scotland currently has most of their public chargers giving out free electricity).

    So for about 6000 miles a year it costs us approx £0.08 per mile.

    Beat that!

    If you want to take purchase price into account (£8000) assuming keeping the car for 8 years and being able to sell it for £1000 at the end of it (which it should be worth for the batteries alone), then that brings the price per mile up to a heady £0.22 per mile!
     
  10. sovietspybob

    Mobster

    Joined: 25 May 2008

    Posts: 3,167

    Location: North Wales

    I reckon our Suzuki Swift Sport has cost us about 38ppm over the i think 7 years we've had it from buying it at 3 years old.

    It's hardly needed any maintenance other than a yearly oil change and 1 set of tyres and some pads and insurance is dirt cheap, but it is a tiny car so i'd hope it was going to be fairly cheap!
     
  11. Haggisman

    Capodecina

    Joined: 6 Oct 2004

    Posts: 14,704

    Location: Birmingham

    Assuming I keep it for 3 years then the Octavia will cost me:

    Fixed costs:

    Depreciation: £2,500 (£3.5k purchase - £1k educated guess off what it will be worth based on previous similar age/mileage cars)
    Insurance: £1,050 (~£350/year)
    VED: £155
    Maintenance/repairs etc. £1,800 (~£50/month, again, educated guess based on previous cars)

    Total: £5,505

    Fuel cost: 50mpg @ £1.35/l = ~12.3p/mile

    Current mileage (no commuting) of 8k/year = ~35p/mile, total cost = £8,457
    Pre-pandemic mileage (including commuting) of 15k/year = ~25p/mile, total cost = £11,040
     
    Last edited: 21 Sep 2021
  12. Nasher

    Capodecina

    Joined: 22 Nov 2006

    Posts: 21,643

    The Elise pretty much pays for itself, maybe makes some.

    The Abarth isnt depreciating anymore but costs in parts. The suspension components are made of Mozzarella.
     
  13. DanTheMan

    Mobster

    Joined: 11 Oct 2005

    Posts: 4,547

    Location: Manchester, UK

    Skoda fabia - 24p per mile over 3 years / 40k miles

    Depreciation - £5k
    Fuel - £4450 (40k miles at 48mpg avg)
    Insurance - £1000
    Tax - £60
    Servicing/MOT - £1000
    Tyres - £500

    Corsa electric - 22p per mile - 5 months / 8k miles

    Depreciation - £1k
    Electricity - £360
    Insurance - £450
     
  14. Greebo

    Caporegime

    Joined: 20 Jan 2005

    Posts: 41,043

    Location: Co Durham

    This. My parents must have awful cost per mile. They swap every two years for a brand new one and do less than 5,000 miles per annum.
     
  15. Rroff

    Man of Honour

    Joined: 13 Oct 2006

    Posts: 77,775

    Pickup ~53p/mile was thinking it would be more as I've had some bills on it.
     
  16. Greebo

    Caporegime

    Joined: 20 Jan 2005

    Posts: 41,043

    Location: Co Durham

    I once worked out my old bosses Aston Martin Vanquish cost per mile. It was an awful car spending 4 months of the 9 months he owned it at the dealer getting problems after problems fixed, mainly brakes from memory.

    He got fed up and off loaded it and bought the Aventador. He hadn't done many miles and lost a lot of money from new price on it and I worked out it had cost him £9 per mile including depreciation, fuel, road tax, insurance.
     
  17. ahenners

    Wise Guy

    Joined: 31 Mar 2010

    Posts: 1,404

    Location: Lancashire

    Skoda Octavia VRS. Bought at 3 years old, now 8.

    Depreciation, servicing, maintenance, insurance, VED, breakdown cover, repairs and fuel come to 36p per mile, averaged over 60k.
     
  18. Housey

    Man of Honour

    Joined: 21 Feb 2006

    Posts: 27,725

    This is really a terrible thread. Do you not know the rules of man maths FFS!!!!!

    :(
     
  19. BigT

    Mobster

    Joined: 18 Oct 2002

    Posts: 3,325

    Location: UK

    I've never thought to work it out but let's have a rough go on my Discovery in three years

    Depreciation: £5,000
    Tax: £1,700
    Consumables: £400
    Insurance: £700
    Fuel: £5,000
    Servicing: £1,200

    Total: £14K

    Against 25,000 miles that makes it 56p per mile. But if I'd bought a brand new one of the same spec three years prior and followed the same usage profile over the subsequent three years then the depreciation would probably be more like £25K or more. Some savings on servicing and consumables maybe but I'd be looking at over £1/mile I reckon.
     
  20. Scania

    Capodecina

    Joined: 25 Nov 2004

    Posts: 24,897

    Location: On the road....

    Has the M5 gone? - I notice it's absence - I've seen it advertised, alas, my piggy bank suffers Anorexia... :o :D