Car Cost – Example Car Running Costs

23 Jul 2014 | Author: | Comments Off on Car Cost – Example Car Running Costs

Car Running Costs Examples

The of Running a Car

Everyone knows running a car costs a lot of money. But how is a lot of money? would you be better off the bus? Or is running a car well the money when compared to the of other forms of transport?

have gathered some car cost data already.

We have a handy car running calculator to make things for you.

Owning a car is a complicated and there are many hidden that you may not first consider. a look at our page on tax, MOT and for a full explaination of car ownership

UK Car running costs example

example uses a Renault 1.2 litre (made in 2001, nearly new in the UK ) to calculate a cars costs.

Obviously the running costs vary from car to car, if you are then you should do the calculations and submit them to Whatprice!

The way to calculate the cost of running car is to add up all of your bills over the take into account of the car, and that’s your However this doesn’t give a good comparison to forms of transport, and certainly help when claiming for business. Therefore a much way to calculate car running costs is to out the cost per mile..

To work out the per mile of owning a car simply the annual car cost and divide by yearly mileage rate. this would be around miles a year, but this varies a great deal on how you use the

Petrol Running Costs

time you fill up the car with fill it the absolute maximum level and then zero mileage counter. When you to refill your car again, the mileage reading and record how litres of petrol you use. The of petrol you use will obviously depending on how and where you have your car, so it is probably repeating this cost exercise a few times to get a good petrol cost figure.

If you to save on refueling costs check out our very own petrol map showing you the cheapest petrol in your area.

Cost per (p/mile)= Litres put in x 81p / number of

Annual Running Cost = Cost per mile x Average /100

For a Renault Clio

per mile = 40 x 81 / 400 = 8.1p per mile

Car Costs

Obviously car insurance vary a great deal driver to driver, and it pays to around. We did this on Whatprice and shocked at the varying car insurance that we found for a 40 year old and a 22 year old female driver.

Running Cost = Your insurance bill

Annual Cost = £350 (2 years no

Running Cost so far = 11p/mile or a year

Car Service and MOT Costs

car service prices vary a deal from car to car and depend on you get your car services. Typically a would cost around 100 a year. but this can be much if you get it properly serviced at an authorized MOT would be around 50 pounds a as long as the car doesn’t require any work.

Car Tax

Unfortunately we all have to pay this, and its 100 pounds a year for a reasonably non car, this increases for the large, gas guzzling cars.

Car and Tear Costs

This is a all category that collects all the car that aren’t included This should contain items such as oil refills, washer bottles, replaced bulbs and replacement of worn These may seem like amounts but the costs can quickly add up!

1 can of car oil = £10

2 new car tyres = £120

1 new washer = £10

1 new car hubcap = £12

Car Value

This running of cars is usually forgotten, is unfortunate as it can often be the biggest Your brand new car is depreciating in every mile that you it, especially when you first it off the forecourt. So although once you bought the car you wont see this cost it should be taken account when working out the running cost of a car.

Depreciation Cost = (Value bought – Current / Years

Cost per mile = / annual car mileage x 100

For a Renault

Annual Running Cost = – £3000) / 3 = £833

Cost per mile = £833 / x 100 = 7p

Running Cost so far = 20.9p/mile or a year

So there you have it! To run a Clio costs just £2500 pounds a year, or a month. So the running costs quite as bad as mortgage payments, but are still pretty significant..

that a Renault Clio is a cheap car to run, so don’t be if you work out that your costs are more than this figure. But don’t no matter what the running of your car is, please let us know !

out our car running cost calculator to out your personal running

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