How much does your car cost you overall?

[Quartz]

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.

 

[Quartz]

£1.30 a mile seems stratospheric for running a Yeti.

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

 

[Quartz]

I've been considering ditching my car. WBAC will give me £8k for it. The weekly shop will be a few quid, say £150 a year. Train trip to Edinburgh is £50 several times a year. Say £200 total. Car hire (say once a year for a week or two) is outrageous - £100 or more per day - and taxi costs so I think the cost will actually be close therefore the question is how much I value the flexibility and freedom a car gives me.