For those of you who own cars, what are the economics of your car ownership?
J
I do approx 12,000 miles a year, mixed driving with relatively few longer distances.
Previous daily (diesel):
Cost £1000 (depreciate to 0 over 3 years)
Repairs/servicing & MOT: £500 pa
Tax £300? pa
Insurance: £250 pa
Fuel - 15p per mile. Approx £1800
Current daily (electric):
Cost £17k (2 years on worth at least £14k)
Repairs/servicing/MOT: £200 pa
Tax £0pa
Insurance £250pa
Fuel: 4p per mile. Approx £480
Servicing costs for the EV are high because the EV tyres are expensive. Fronts last around 20,000 miles, backs about twice that. Oh yeah, and I've been an AA member since I started driving and got a banger - £60pa maybe?
Alternatives don't abound with my current job/house. My wife doesn't drive so gets the bus to school, but I drive our daughter (until next year when she goes to secondary school, assuming she gets into a local one), and then go onto work about 15 miles away. Earliest drop off is 8am, latest collection is 5:45pm, so combining that with cycling and working 9-5:30 is basically impossible.
Most frequent longer distances are for doing cyclocross. I don't know if you can get away with a hire car, multiple super dirty bikes and parking in a field. I'm currently wondering if I would have been better off getting a petrol van/pickup and an older EV for the majority of journeys (instead of my 150 mile range EV). Running the math makes the old petrol/diesel cheaper, but I got fed up of having a banger.