Thread: Old Motor
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Old 02-09-2011, 11:17   #20
entwisi
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Re: Old Motor

1000 miles/year on 30 quids worth of fuel is approx 200mpg.... you should be talking to guiness book of records there! working on 40 mpg around town you are really looking at 150 quid a year for petrol


You are also forgetting

depreciation got to be 200 /year min even on a 9 year old car.. ,

tyres ( should be replaced after 5 years as they go off ) so working on 150 a set is another 30 quid a year,

as you also mention repairs 50 quid for general bits per year would be a sensible figure to start with but understanding that a big bill ( in this case ~ 200+ ) you might even be in the point of throwing the car away losing even more in "depreciation"

Dont forget to someone as careful as I know you are you are missing out on the interest on the money tied up in your car that could be making you money elsewhere,

adding that lot in rather increases the real cost /month to approx 55-60 /month in my rough estimates
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