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.
@umop3pisdn started
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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.