Just done some rough calculations and rounded up for errors. Over the 10 years I have been driving, it comes to;
7 cars - £3225
Repairs @ £500pa - £5000
Fuel 193,000miles @ ave £0.10/pile - £19,300
Totted up comes up around £2,800pa or £230ish a month. I read that drivers pay an average of 3k per year so again roughly avarage. The car figure is total expenditure out. The first 4 cars I sold for almost as much as I bought them and result was only £25 pound spent in the first 3 years. The average age of each car at purchase is 11 years old. I cheated by having a lot of mechanic friends who have helped me keep motoring. In ten years I have been stranded 4 times (clutch failure, distributor failure and 2 flat batteries).
I understand some people will spend less/more, just a bored moment so I decided to tott it all up.
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Oops, add tax/insurace @ average £700pa that makes £3,500pa
Edited by TimOrridge on 02/02/2010 at 19:15
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A lot less than I've spent on being married and the motoring was waaaaaaaaay more fun!
Citroen SM, BMW 3.0 Si, 3 Merc convertibles including an SL, Matchless G12 CSR, Suzuki 550, Honda 900.
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Using your benchmark for fuel......
30 years, 600,000 miles
Cars £000.000
Repairs £000.000
Tax £000.000
Insurance £000.000
Fuel £30,000
Total cost, 30 years = £30k
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I won't include driving lessons in this but I will include cars and insurance I had before I passed.
First car bought Jan 2007 for £400, spend £180 on repairs (a service and then MOT a 6 months later) kept the car for 8 months as the engine died. Cost me about £500 insurance but it got complicated as I canceled the insurance half way through and gave the car to my dad and he used it as his Escort was a none runner. I didn't really buy much fuel for this car. Lets say the car cost me about £1000.
October 2008 - Bought a Fiesta for £350, sold it 3 months later for £250 but spent over £300 on repairs. Lets say it cost me £400. I kept the same policy from October 2008 to date so I will caclulate that in a minute.
March 2009 - Bought my current car for £1150 and spend about £800 on repairs, lets say the car has cost me £2k.
Insurance cost me £90 a month until March 09 so thats £450 but it came down when I bought my Corsa because the policy was suspended. From March 09 to October 09 I paid £70 a month insurance so thats £490. From then till now I pay £60 so thats £180.
So from October 08 total car costs inc repairs £2400.
Insurance from October 08 - £1120
Fuel from March 09 is about £8 a week so lets call it £384.
So thats £4904 for my motoring in the past three years.
I've been unlucky, need expsensive insurance and am fussy things going wrong which is why I spent so much.
Thankfully from October 08 I can claim tax of 80% of that :).
Edit I have an MOT coming up soon too so the cost can only go up!
Edited by Rattle on 02/02/2010 at 20:01
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Just thinking about this even more, my car is worth about £800 now, I have saved about £400 in public transport costs, and I have probably gained at least £500 in extra work thanks to my car so in real terms having a car costs me about £1k a year and it knocks a bit of my tax too so its probably more like £800 or twice the cost of a bus pass :). If I look at it like that it is a bargain.
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Not wishing to spend the rest of the night crying meself to sleep i don't think i'll do that calculation.
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year 1 fiesta - brought for £1450 sold for £850. insurance £1200.
year 3 polo - brought for £4050 sold for £3250 insurance £450
year 5 Audi A6 brought for £3950 sold for £3050 insurance £580
year 6 alfa 145 cloverleaf brought for £450 sold for £2200 insurance £550
Year 7-9 in motor trade = company car, had to pay for own fuel though.
year 10 astra 1.7dti brought for £750 sold for £2350 insurance £300
Year 10 jag stype brought for £3200 insurance £375
ive only ever had oil services on the cars, apart from the polo that needed new brakes and a couple of tyres. National oil & filter is around £25.
Fuel costs on average at £1.00 a litre over 12k miles is around £1363 per year. So total figure is..
i come to £16035 over 8 years for private use excluding the company car use.
Just realised i havnt calculated year 2 or 4 for the insurance! dam! anyway its cost a silly amount of money!
:-/
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Too anal for me, I haven't a blimming clue !
Ted
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My accountant tells me it costs me about £12,000 a year. Now, my driving habits haven't changed much in 30 years but of course costs have increased in that time. Anyway, it's a lot of money..
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A4 bought new in Jan 2002. Total to date including parking (!) £29257 = £3625 per year or 56p/mile.
Still got some value in the car, of course.
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I really, really don't want to think about it.
Though I did have another look through the options list for the Atom the other week, still can't decide which options not to have to keep the cost below my self imposed limit.
Having said that, I mostly run low depreciation cars, get them serviced and parts at trade prices and buy at auction. I also do most of my miles in deisels so fuel could be worse, however it's still a lot of money.
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I don't care, I've had a lot of fun out of all my cars.
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Aye - good comment corax. Well said.
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A lot more than SWMBO thinks!!!!!
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I has to be viewed year by year in relation to your income for that particular year. In my 44 years of buying new cars my yearly expenditure has increased enormously, but so has my income.
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Changes over the years but between 10% and 25% of earned income at different times. Don't really begrudge a penny of it.
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AS
Was your Suzuki a GT550 two stroke ??
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Without wishing to turn into an anorak, I've been trying to make allowances for the changes in the price of petrol since I started.
In 1975 I was paying about 37p per gallon; in today's terms that converts to about 8p per litre. (I'll be corrected by anyone if that conversion is wrong).
So, for example, in my first year I spent around £55 on petrol - using about 3 gallons a week at just over £1. Today, still on fairly low mileage, I spend around £15 a week which gives me a yearly figure of around £800.
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