Ewan
Member
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I've just been looking through all the paperwork relating to my 2005 QP V which I've known from new and have all records. Here goes:
It was first registered in June 2005 and has now done 44,000. In that time it has depreciated about £60,000.
Total servicing costs to date, about £18,000. (This is for everything, normal servicing, additional repairs, tyres, clutch, brakes etc.)
9 years of road tax, insurance and MOT's, about £7,000.
Petrol (I've had to estimate the mpg and fuel price), about £12,000.
Therefore the total ownership cost per mile, to date, comes to about £2.20. That's the bad news.
Now for the good news. If you are buying such a car now, there will be next to no depreciation, and clearly that's the big cost.
If we exclude the depreciation and assume the other costs (and car use) continue at similar rates, over the next two years and 10,000 miles, the ownership cost per mile will fall to about 62 pence. Which is a whole lot more encouraging.
It was first registered in June 2005 and has now done 44,000. In that time it has depreciated about £60,000.
Total servicing costs to date, about £18,000. (This is for everything, normal servicing, additional repairs, tyres, clutch, brakes etc.)
9 years of road tax, insurance and MOT's, about £7,000.
Petrol (I've had to estimate the mpg and fuel price), about £12,000.
Therefore the total ownership cost per mile, to date, comes to about £2.20. That's the bad news.
Now for the good news. If you are buying such a car now, there will be next to no depreciation, and clearly that's the big cost.
If we exclude the depreciation and assume the other costs (and car use) continue at similar rates, over the next two years and 10,000 miles, the ownership cost per mile will fall to about 62 pence. Which is a whole lot more encouraging.