16-12-2019, 11:29 PM
Don't usually worry about this, but wondered how a mile in the Seven compares with a mile in my nine-year-old Golf?
Do about 500 miles a year in the Seven, so insurance of £50 is 10p a mile. Fuel at 40mpg is about 15p a mile. Spent about an average of £100 a year on parts and consumables, including tyres, over the years - so about 20p a mile. There is no depreciation. Loss of interest on capital at £4000 is about £40, which is 8p a mile. That makes about 53p a mile. Have I missed anything?
If I did about 1000 miles a year in the Seven, this should come down to between 34p and 44p a mile.
Do about 10,000 miles a year in the Golf, so insurance at £200 is 2p a mile. Fuel is also about 15p a mile. Servicing is about £200 a year, MOT £50, Tax £130 which add up to about 4p a mile. Depreciation is about £1000 a year, which is 10p a mile. Loss of interest on capital is about £50, so is less than a penny a mile. Spending on replacement items including tyres is running at an average of about £400 per year, or 4p a mile. Total cost per mile is therefore about 35p.
Do about 500 miles a year in the Seven, so insurance of £50 is 10p a mile. Fuel at 40mpg is about 15p a mile. Spent about an average of £100 a year on parts and consumables, including tyres, over the years - so about 20p a mile. There is no depreciation. Loss of interest on capital at £4000 is about £40, which is 8p a mile. That makes about 53p a mile. Have I missed anything?
If I did about 1000 miles a year in the Seven, this should come down to between 34p and 44p a mile.
Do about 10,000 miles a year in the Golf, so insurance at £200 is 2p a mile. Fuel is also about 15p a mile. Servicing is about £200 a year, MOT £50, Tax £130 which add up to about 4p a mile. Depreciation is about £1000 a year, which is 10p a mile. Loss of interest on capital is about £50, so is less than a penny a mile. Spending on replacement items including tyres is running at an average of about £400 per year, or 4p a mile. Total cost per mile is therefore about 35p.