Cost of running a car soars by up
to £2,200 a year
http://www.dailymail.co.uk/news/article-564920/Cost-running-car-soars-2-200-year.html
Cost of capital
This sum represents the loss of income from the owner having money tied up
in a vehicle, which otherwise could be earning interest in a deposit account.
We used the AA's online saving rate of 5.99 per cent in conjunction with the
average value for the cars chosen for each cost group.
Any further charges for a loan or hire purchase will be on top of this.
Depreciation
Cars lose value at different rates depending on make, age, mileage and
condition etc. The tables assume that depreciation costs are averaged over
four years from purchase. Older cars generally depreciate at a slower rate
than when brand new. We use various depreciation rates for mileages which
differ from the average 10 000 miles per annum.
Fuel
The price of fuel used is the UK average value. The fuel consumption figures
used are typical for each of the car groups listed.
Insurance
The value displayed is a UK average cost for a fully comprehensive policy
with 60% no-claims discount
http://www.theaa.com/allaboutcars/advice/advice_rcosts_petrol_table.jsp
Parking and tolls
Car parking and toll payments are based on a national average for an urban
driver.
Road tax
The value displayed on the basic guides assumes that the car was first
registered after March 2001 and is the average in each price group.
Replacement parts
The replacement parts included cover those likely to be needed under normal
driving conditions, such as brake materials, oils, filters, bulbs, wipers, and
hoses.
Service and labour costs
The labour costs cover normal servicing and parts replacement at a dealer,
using average UK labour rates.
Tyres
The figure used is based on an estimated tyre life of 27,000 miles. Different
values are used depending on the vehicle size or price band.
http://www.theaa.com/allaboutcars/advice/advice_rcosts_petrol_table.jsp
http://www.theaa.com/allaboutcars/advice/advice_rcosts_petrol_table.jsp
Cost of Running a Renault Clio
http://www.whatprice.co.uk/car/car-costs.html
Petrol
Cost per mile = 40 x 81 / 400 = 8.1p per mile
Annual Running Cost = 8.1p x 12,000 / 100 = £972
Car Insurance
Annual Running Cost = £350 (2 years no claims)
Cost per mile = £350 / 12,000 x 100 = 2.9p
Running Cost so far = 11p/mile or £1320 a year
MOT & Service
Annual Running Cost = £250 (authorized dealer)
Cost per mile = £250 / 12,000 x 100 = 2.1p
Running Cost so far = 13.1p/mile or £1570 a year
Car Tax
Annual Running Cost = £100 (authorized dealer)
Cost per mile = £100 / 12,000 x 100 = 0.8p
Running Cost so far = 13.9p/mile or £1670 a year
http://www.whatprice.co.uk/car/car-costs.html
Car Wear & Tear:
Annual Running Cost = £179
1 can of car engine oil = £10
2 bottles washer fluid = £8
1 replacement headlight bulb = £6
2 new car tyres = £120
1 new washer blade = £10
1 new car hubcap = £12
1 bottle car polish = £8
1 bottle car shampoo = £5
Cost per mile = £179 / 12,000 x 100 = 1.5p
Running Cost so far = 15.4p/mile or £1849 a year
Depreciation:
Annual Running Cost = (£5500 - £3000) / 3 = £833
Cost per mile = £833 / 12,000 x 100 = 7p
Running Cost so far = 20.9p/mile or £2503 a year
http://www.whatprice.co.uk/car/car-costs.html
For new and used prices, also gives prices when new of used cars
http://www.parkers.co.uk/
Select a car and click on Costs and Facts and Figures of your model
to get information such as fuel economy and road tax.
http://www.parkers.co.uk/cars/reviews/