malcolm E53 AMG
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I was going to add this to the depreciation thread but decided that it deserved its own as it covers a complete breakdown of ownership costs.
The car: 2000 X Plate E320CDi Avantgarde Estate in Brilliant Silver, current mileage 80K
Spec: Leather, sunroof, 7 seats, climate and 6 CD player
Purchase price December 2004: £16990
Cost breakdown of 8 years ownership:
£2800 Insurance
£1440 Tax
£1600 Paintwork
£6500 Servicing (inc parts), MoTs and Tyres
£6875 Fuel costs based on 44000 miles
£16995 purchase cost
Total £36210
-£3000 Residual value
£33210 divided by mileage of 44000 = 75p per mile
As I intend to keep the car for a further 5 years the projections for this are:
£1750 Insurance
£900 Tax
£3000 Servicing (inc parts), MoTs and Tyres
£5000 Fuel costs based on 25000 miles
£2000 Depreciation
Total £12650
£12650 divided by mileage of 25000 = 50p per mile
In conclusion the total cost of 13 years of ownership and 69000 miles is:
£45680
Cost per annum:
£3450
Cost per day:
£9.46
Cost per mile:
65p per mile
These are fairly accurate figures with future assumptions based on previous experience.
Would i do the same again - YES
OH! Forgot to mention that the car should be worth around £1000 at the end of this time
The car: 2000 X Plate E320CDi Avantgarde Estate in Brilliant Silver, current mileage 80K
Spec: Leather, sunroof, 7 seats, climate and 6 CD player
Purchase price December 2004: £16990
Cost breakdown of 8 years ownership:
£2800 Insurance
£1440 Tax
£1600 Paintwork
£6500 Servicing (inc parts), MoTs and Tyres
£6875 Fuel costs based on 44000 miles
£16995 purchase cost
Total £36210
-£3000 Residual value
£33210 divided by mileage of 44000 = 75p per mile
As I intend to keep the car for a further 5 years the projections for this are:
£1750 Insurance
£900 Tax
£3000 Servicing (inc parts), MoTs and Tyres
£5000 Fuel costs based on 25000 miles
£2000 Depreciation
Total £12650
£12650 divided by mileage of 25000 = 50p per mile
In conclusion the total cost of 13 years of ownership and 69000 miles is:
£45680
Cost per annum:
£3450
Cost per day:
£9.46
Cost per mile:
65p per mile
These are fairly accurate figures with future assumptions based on previous experience.
Would i do the same again - YES
OH! Forgot to mention that the car should be worth around £1000 at the end of this time
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