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That depreciation number is extremely suspicious, unless your car is very old/cheap in which case your service number is suspicious (or you value your time at c
by CalRobert 2y ago
That depreciation number is extremely suspicious, unless your car is very old/cheap in which case your service number is suspicious (or you value your time at close to 0 GBP per hour).
Also, your car has to park somewhere presumably, which uses land, and I assume your car uses fuel (or electricity, but unlikely if your car is that cheap)
- IshKebab 2y agoI bought it for £12k when it was 3 years old (Skoda Octavia) and I'm hoping it will last 20 years at least. Service is like £200, insurance £230, MOT £50, tax £130 or something. Ok maybe more like £1.3k. Still waaaay less than €6k. Park it on the drive. Yeah I wasn't including fuel costs because they depend on how much you drive. I'm probably about at about £500/year at most (I work from home). When I commuted by car it would have been maybe £1k/year (£10/day but I lift shared).
- rsynnott 2y agoAh, okay, so the deprecation is more "this is what I imagine the deprecation to be" than anything else. You may expect maintenance costs to... increase as it gets older.
- IshKebab 2y agoYeah that is true, but even extremely pessimistically there's no way I'd get near €6k/year. My last car only cost £4.2k (in today's money) and that lasted for 10 years.