• Last car was a 2015 Seat Ibiza

    Bought Feb 19 for £8k on 19k miles, traded in Dec 21 for £5k at 46k

    Depreciation £3k
    4 tyres £300
    3 services & MOTs £600
    New front discs + pads £150
    Blew a heating resistor =£100
    Insurance £800
    Tax £90
    27k miles at 45mpg = £4k.

    Just over £3k a year despite 'only' £1k a year depreciation. 35p a mile. Cars are expensive (and yet also, cheap).

    Edit - a £300 a month new car lease with no servicing costs would be about 58p a mile, £200 a month would have been 44p.

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