Subject:
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Re: Busy Bee goodies
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Newsgroups:
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lugnet.loc.uk
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Date:
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Mon, 15 May 2000 08:14:03 GMT
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Viewed:
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573 times
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In lugnet.loc.uk, Lawrence Wilkes writes:
> In lugnet.loc.uk, Jason Briscoe writes:
> > > Someone told me that a new car cost £1 a mile to run.
> > This can't be right?
> >
> > I have done nearly 20,000 miles since May 99 and there is no way that its
> > cost me £20,000. The car was only 19,500 last may when I bought it, Its had
> > two services one at 10 and 20K (both included in purchase price). Current
> > value is approx 14K, diesel costs at approx 40mpg = 20,000/40 = 500 gallons
> > which is approx £2400, insurance 2yrs at £500 equates to a grand total of
> > £8400 which is around 43p per mile!
>
> You are forgetting the biggest cost, depreciation!
Ignore my last post. I must have eye problem this morning. You did include
depreciation.
Look in the back of What Car and it shows the running cost per mile assuming 3
years ownership with 10,000 miles per car. The More expensive the car then
obviously the more it costs per mile due to cost of purchasing and
depreciation.
The taxman allows 69p for a 2litre+ car for expenses. Which is probably a
reasonable allowance.
regards
lawrence
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Message has 1 Reply:
 | | Re: Busy Bee goodies
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| (...) Well I do about 4000 miles a year on my bike, and it must cost me less than 10p per mile(including clothing etc). Most days it is quicker, and every day it is stress free. What's more, when I go on holiday - I can take it in the plane with me (...) (24 years ago, 15-May-00, to lugnet.loc.uk)
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Message is in Reply To:
| | Re: Busy Bee goodies
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| (...) You are forgetting the biggest cost, depreciation! I dont know what model it is, but that one year old car might only be worth 60% of its original value. So 40% of 19500 is £7800, divide by 20,000 = 39p per mile. And if you had to borrow to (...) (24 years ago, 15-May-00, to lugnet.loc.uk)
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