| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 112.5 | Car cost update | SHIPS::SHADBOLT_S | | Wed Oct 21 1992 14:54 | 33 |
| I have just received my copy of the AA members magazine, which contains
the latest figures on "how much does it cost to run my car". I
reproduce the figures as quoted:
TOTAL OF ALL COSTS (pence per mile)
cc: <1000 1001- 1401- 2001- 3001-
1400 2000 3000 4500
annual
milage
--------------------------------------------------------
Unleaded petrol
10000 28.147 35.090 43.200 69.933 85.309
20000 22.833 28.142 34.599 55.950 69.174
30000 20.517 20.010 30.615 49.176 60.976
Leaded petrol
10000 28.647 35.661 43.867 70.842 86.309
20000 23.333 28.713 35.266 56.859 70.174
30000 21.017 25.581 31.282 50.085 61.976
The figures are made up from standing charges:
car license, insurance, depreciation, AA subscription.
and running costs:
petrol, oil, tyres, servicing, repairs.
The magazine does give individual figures for these, which I can supply
if anyone is interested. It doesn't say, but I assume the cars in
question are new, and that insurance is comprehensive without a NCB
(�565 is the lowest insurance figure given ! - i.e. for a car <1000cc).
Steve.
|
| 112.6 | | MARVIN::RUSLING | Dave Rusling REO2 G/E9 830-4380 | Wed Oct 21 1992 15:05 | 16 |
|
Extrapolating, that would cost �2,580 per year to run my 1600cc car
doing 6000 miles a year.
My costs are
6000miles /30 mpg * �2.00 = �400
insurance �220
maintainance �100
aa �64
depreciation nil
-------
�784
I'm getting a good deal.
Dave
|
| 112.7 | | VANGA::KERRELL | Dave Kerrell @REO 830-2279 | Wed Oct 21 1992 15:39 | 7 |
| re.5:
I think we need to know the assumptions behind those figures (ie new cars kept
for three years) otherwise we'll get a bunch of pratts coming in here claiming
they get run a car for 30% of the cost with zero deprecation!
Dave.
|
| 112.8 | Does this mean fisticuffs at dawn? | MARVIN::RUSLING | Dave Rusling REO2 G/E9 830-4380 | Wed Oct 21 1992 16:35 | 7 |
|
Dave,
I may be a pratt (there again, I may not), but I resent
being called one. At the most, I am insufferably smug at having
such low motoring costs...
Dave
|
| 112.9 | | VANGA::KERRELL | Dave Kerrell @REO 830-2279 | Wed Oct 21 1992 17:44 | 5 |
| Hi Dave,
I am sure you are not a pratt. Please tell me how I can get a free car
that never goes wrong.
Dave.
|
| 112.10 | | MARVIN::RUSLING | Dave Rusling REO2 G/E9 830-4380 | Wed Oct 21 1992 17:54 | 4 |
|
Hold on, I'll just ask the tooth fairy.
Dave
|
| 112.11 | | VANGA::KERRELL | Dave Kerrell @REO 830-2279 | Wed Oct 21 1992 18:26 | 18 |
| My wife has a 1985 1600 cc car, these are the approximate costs;
6000miles /30 mpg * �2.00 = 400
insurance 240
maintainance 500
tax 100
RAC 65
depreciation 800
-------
�2105
Notes:
Based on two years costs.
Maintenance item includes; clutch, brakes, shocks, exhaust, tyres, and battery
costs spread over two years as well as servicing.
Depreciation is based on (purchase price - current value/2)
|
| 112.12 | | TIMMII::RDAVIES | An expert Amateur | Thu Oct 22 1992 13:33 | 39 |
| .6 is so cheap as he pays no car tax, and it's obviously maintained
with second hand remould nearly new low milage spares.
.12 pays less than the rest of us (it's �110 now)
Now my wifes' 88 AX:
4000miles /35 mpg * �2.00 = �228
car tax �110
insurance 13.66 * 12 �164
maintainance
(self service/1 tyre) �100
aa nil (she uses me)
depreciation
(15% on a 4 year old) 600
purchase 115 * 12 �1380
(Yes I know I'll have -------
the value at the end, �2582
but I still have to
pay it now!)
I've said it before elsewhere than this but I'll say it again; I
believe Heather can run her car on what she put's away, but initially
it cost her a hell of a lot more i.e. the original puchase price
including interest if she had a loan.
Now If I could start off with a new car free, then I too could continue
to upgrade it as frugally, but the fact is that after 8 years of having
a company car I'd have to start from ground zero, and fund THE FULL
COST OF PURCHASE INCLUDING INTEREST. This could be quite considerable
if I were to select a car comparable to the one I currently drive.
Yes I know I could buy a banger, but then you loose the reliability
factor. So like for like there's NO WAY it would be so cheap INITIALLY.
So come on, when your trying to persuade us, at least use a realistic
situation.
Richard
|
| 112.13 | | MARVIN::RUSLING | Dave Rusling REO2 G/E9 830-4380 | Thu Oct 22 1992 13:50 | 7 |
|
Actually, I did forget the road tax (only in the notes file,
it was paid). However, the tyres are those that I put on
when I built the car - they've done 24000 miles now, I guess
I'll have to replace them in a year or two...
Dave
|
| 112.14 | | VANGA::KERRELL | Dave Kerrell @REO 830-2279 | Thu Oct 22 1992 14:26 | 5 |
| re: car tax wrong
I did say they were approximate costs!
Dave :-)
|
| 112.15 | Shock | CURRNT::CARSON | | Thu Oct 22 1992 18:02 | 3 |
| I'd like to enter what my Supra costs to run but its too shocking !
PC :-(
|
| 112.16 | | ESBS01::RUTTER | Rut The Nut | Fri Oct 23 1992 11:26 | 11 |
| � to upgrade it as frugally, but the fact is that after 8 years of having
� a company car I'd have to start from ground zero, and fund THE FULL
� COST OF PURCHASE INCLUDING INTEREST. This could be quite considerable
This is another potential disadvantage to having a company car.
Won't matter if you don't leave (or get laid off), or if you take
another job which also offers a company car (which may be getting
less frequent nowadays).
J.R.
|
| 112.17 | | SUBURB::THOMASH | The Devon Dumpling | Fri Oct 23 1992 12:42 | 33 |
| > I've said it before elsewhere than this but I'll say it again; I
> believe Heather can run her car on what she put's away, but initially
> it cost her a hell of a lot more i.e. the original puchase price
> including interest if she had a loan.
Initially it cost me 4,500 cash for a new Peugot 1.3GR, I bought this
car 2 weeks before before I joined the company, which was 6.5 months
before I had the car allowance.
I will have a car when I leave the company, currently its a 2.0GTI,
I will probably change to a 1.8GTI (Mazda 323) at the next trade-in.
So, I have funded an upgrade to the car, not just keeping the same
type of car, at less than the standard 3,000.
I could have sold the Peugeot, and put the money into a building society
until I leave, however, this would cost me much more to run a car on
the lease, and I don't believe the money+interest will keep up to fund
me the type of car I run now, when I leave.
Each time my car comes up for the 3-year renewal (and in-between) I
re-do the sums to see wether I should bank the cash and take a lease,
or continue the trade-in/private option.
The figures come down heavily on the NO lease side, it has never been
close.
I had a reliable car when I started to work for Digital, I will need a
reliable car when I stop working for Digital, and I go for the best
option to give me this, and also fund the reliable car whilst I work
for Digital.
Heather
|
| 112.18 | | TIMMII::RDAVIES | An expert Amateur | Fri Oct 23 1992 14:19 | 30 |
| <<< Note 112.17 by SUBURB::THOMASH "The Devon Dumpling" >>>
> I've said it before elsewhere than this but I'll say it again; I
> believe Heather can run her car on what she put's away, but initially
> it cost her a hell of a lot more i.e. the original puchase price
> including interest if she had a loan.
>> Initially it cost me 4,500 cash for a new Peugot 1.3GR, I bought this
>> car 2 weeks before before I joined the company, which was 6.5 months
>> before I had the car allowance.
Thanks Heather you clarified my point Do I remember you saying this was
8 or more years ago?, 4,500 would be worth about double now. You say
CASH, how long did it take you to save this?
The point I make is that there is a plateau one is at with a lease
car, and that one needs to get back to if you exit the lease. This has
a cost, either in interest on a loan, or in time to save the cash or by
some other means of achieving the plateau.
One there it is easy to keep pace.
However, for someone coming out of the lease and attempting to get the
similar level of comfort and reliability you have to inclde the magic
ingredient of a LOAN. And this is by far the greatest cost.
(still, if I win a car ....) one can dream....
Richard
|
| 112.19 | | SUBURB::THOMASH | The Devon Dumpling | Fri Oct 23 1992 15:39 | 34 |
|
> Thanks Heather you clarified my point Do I remember you saying this was
> 8 or more years ago?, 4,500 would be worth about double now. You say
> CASH, how long did it take you to save this?
I've worked this out, 6% nett of tax for the first 4 years, and 5% nett
of tax for the next 5 years is 5,965 quid. (and I have gone high on
these figures)
> However, for someone coming out of the lease and attempting to get the
> similar level of comfort and reliability you have to inclde the magic
> ingredient of a LOAN. And this is by far the greatest cost.
When I wanted to save up, I drove a second-hand moped for a few months
(which I bought for under 100 quid cash and sold for the same), until
I had enough cash saved for a cheap secondhand car, I then drove that
for a year and a half, saving as I went, I sold that when I left the
states.
Then I came here and bought the Peugeot with some of the money I had
saved.
Anyway, when you leave Digital you'll have to do this, so it will catch
up to you sometime.
The longer you leave it, the bigger and more painful the catchup will
be.
But you pay your money and take your choice, I know people who went out
to the states when I did, but bought brand new cars with loans, used
credit cards which they didn't pay off in full each month etc....
and they could never understand how I managed to save.............and
still go out and travel as much as they did.
Heather
|
| 112.20 | | TIMMII::RDAVIES | An expert Amateur | Fri Oct 23 1992 17:50 | 13 |
| >> <<< Note 112.19 by SUBURB::THOMASH "The Devon Dumpling" >>>
>> When I wanted to save up, I drove a second-hand moped for a few months
>> (which I bought for under 100 quid cash and sold for the same), until
>> I had enough cash saved for a cheap secondhand car, I then drove that
>> for a year and a half, saving as I went, I sold that when I left the
states.
Can't exactly do this with a family!
Oh well have to get a huge loan instead!
Richard
|
| 112.21 | | SUBURB::THOMASH | The Devon Dumpling | Fri Oct 23 1992 18:21 | 8 |
| > Can't exactly do this with a family!
So what did you do for transport before you joined DEC
And why not - We used public transport when I was aty home with my
family.
Heather
|
| 112.22 | Your riding a moped was an alternative 'cost' to you! | TIMMII::RDAVIES | An expert Amateur | Mon Oct 26 1992 13:19 | 28 |
| >> <<< Note 112.21 by SUBURB::THOMASH "The Devon Dumpling" >>>
>>> Can't exactly do this with a family!
>> So what did you do for transport before you joined DEC
Life began long before DEC:
For many years I was a field engineer with ICL, I ran my own car (they
hadn't heard about company cars untill nearly when I left) subsidised
by expenses. My wife had a banger.
When we moved to holland (still ICL) we sold my car, bought a new car
for my wife, scrapped her banger, and over there I received a company
car, a BASIC Renault 5 (850cc, rubber mats, drums all-round).
When we returned I bought a banger, and then when I got a company car I
sold it for next to nothing!
>> And why not - We used public transport when I was aty home with my
>> family.
We're discussing how to get a car, not how to get by WITHOUT a car. I'm
sure your 200 /month would just about cover your monthly fares, but
doubt it would cover 4!
Richard
|
| 112.23 | | SUBURB::THOMASH | The Devon Dumpling | Mon Oct 26 1992 14:15 | 6 |
|
Okay, so, given the fact that you now have a lease, and you will need
a car when you leave Digital, are you saving for one in addition to
spending on thr lease
Heather
|
| 112.24 | Wow what a wonderfull dream! | TIMMII::RDAVIES | An expert Amateur | Mon Oct 26 1992 14:28 | 23 |
| >> <<< Note 112.23 by SUBURB::THOMASH "The Devon Dumpling" >>>
>> Okay, so, given the fact that you now have a lease, and you will need
>> a car when you leave Digital, are you saving for one in addition to
>> spending on thr lease
???? Get real! understand how much it costs to maintain a family, even
at 10 & 12 they eat as much as adults, go through more clothes than
adults (which cost as much if not more), have special costs like music
lessons and instruments ( I just paid out over �900 this summer alone)
and then you'd realise there's no-way! I'd love to have the
cost/revenue delta (who said that recently? :-)) of a single person!
The best I could do is get a 100% loan (maybe from a sympathetic bank
manager) on a nearly new and work up from there. Hence my adamance that
the true cost of purchasing HAS to be factored in!.
No doubt the way you have done it it is cost effective. This does not
mean in every circumstance it is still so.
Richard
|
| 112.25 | | SUBURB::THOMASH | The Devon Dumpling | Mon Oct 26 1992 16:20 | 42 |
|
> ???? Get real! understand how much it costs to maintain a family, even
> at 10 & 12 they eat as much as adults,
A challenge?, I bet they don't eat as much as this adult
(I thought I'd get this in before anyone else who knows me does)
Weekly food bill in Savacentre for two and two cats is over 100 quid
(and I buy snacks/food in DECpark and the pub on top of this, and
I buy meat at the local butcher on top of this too, oh and supplies from
the offlicence and Bordeaux Direct)
> go through more clothes than adults (which cost as much if not more),
I would also challenge this - look at the cost of business suits,
shoes and handbags, especially for someone like myself who cannot find
clothes to fit "off the peg".
> have special costs like music
> lessons and instruments ( I just paid out over �900 this summer alone)
> and then you'd realise there's no-way!
Well, I could add driving the white two-seater, clay pigeon shooting -
have you seen the cost of a decent skeet gun or rough shoot gun? let
alone the cost of tuition (50 quid an hour) and the shoot itself.
Oh yes, and the liesure club we would like to join, 1,000 quid each at
Newbury.......................note the "would like".
> I'd love to have the
> cost/revenue delta (who said that recently? :-)) of a single person!
Well, I'm not single, and we also have the costs of parents which I
haven't included in the above.
I would love to have the cost/revenue delta to be able to finance a
company car.
Couldn't resist,
Heather :-)
|
| 112.26 | Newbury Leisure Club | FUTURS::FIDO | personal name intentionally left blank | Mon Oct 26 1992 16:48 | 12 |
| .-1> Oh yes, and the liesure club we would like to join, 1,000 quid each at
.-1> Newbury.......................note the "would like".
Heather, I assume the above refers to the Newbury Leisure club at the
racecourse. If you hurry, you will be able to join as founder members
at a greatly reduced rate ( �450 each with 25% off for the second
person ) and there is no need to pay anything until it opens ( next
September ? ) as there is an interest-free deal currently available. If
you want further details, 'phone me on 7-774-6067. We joined over the
weekend and the plans look really good.
Terry
|
| 112.27 | | TASTY::JEFFERY | Dan Quayle : Just say noe | Tue Oct 27 1992 16:11 | 7 |
| > When we moved to holland (still ICL) we sold my car, bought a new car
> for my wife, scrapped her banger, and over there I received a company
> car, a BASIC Renault 5 (850cc, rubber mats, drums all-round).
---------------
Should have been called 'Ritmo'!!
Mark.
|
| 112.28 | ???? | TIMMII::RDAVIES | An expert Amateur | Mon Nov 02 1992 12:37 | 15 |
| >>> <<< Note 112.27 by TASTY::JEFFERY "Dan Quayle : Just say noe" >>>
>>>> When we moved to holland (still ICL) we sold my car, bought a new car
>>>> for my wife, scrapped her banger, and over there I received a company
>>>> car, a BASIC Renault 5 (850cc, rubber mats, drums all-round).
---------------
>>>Should have been called 'Ritmo'!!
Don't understand?, your not referring to the FIAT RITMO are you?.
This was a RENAULT 5
Richard
|
| 112.29 | Can't stand explaining a joke! | TASTY::JEFFERY | Dan Quayle : Just say noe | Mon Nov 02 1992 14:23 | 5 |
| RITMO is italian? for rhythm.
With your note saying 'drums all round', I couldn't resist it.
Wish I hadn't written an obscure note!
|
| 112.30 | Diesels? | VOGON::KAPPLER | Dover, Rising more slowly, Good | Tue Nov 03 1992 11:14 | 5 |
| Re: .0 (Yes, I'm a bit behind!)
Did the AA publish any figures for diesel cars?
JK
|
| 112.31 | Petrol only | SHIPS::SHADBOLT_S | | Thu Nov 05 1992 12:51 | 6 |
| Re: .30
No, I'm afraid the magazine from which I pinched the figures for .0 did
not cover Diesels.
Steve.
|
| 112.32 | | SAC::EDMUNDS | Use the subjunctive! | Tue Mar 30 1993 12:29 | 7 |
| Say you buy a reasonable, 3yr old second hand car. What kind of
percentage annual depreciation do the panel think is realistic? 10%?
15%? More?
Just guidelines would be appreciated.
Keith
|
| 112.33 | | SUBURB::THOMASH | The Devon Dumpling | Tue Mar 30 1993 13:33 | 15 |
|
Keith, it depends on the car.........
Daves 3L automatic senator, A/C etc (new cost 25,000 plus) depreciated
from 7,000 at 3 years old, to 3,500 at 5 years old.
The which car magazine gave Toyotas and Mazdas as slowest depreciating.
I'd get something like "which" .
I'd also look at those books which give prices over the last mumble
years, you can see exactly whats happening.
Heather
|