Pence per mile for present car and your future car and something you look at?

 

A criteria that I often have a look at when thinking about what car I am using, particularly for work trips but also for myself.  For much of my journeys for work I have been paid the mileage rate that HMRC/Treasury, currently 45p a mile for the first 10K per year and then 25p per mile after that.

 

What Car? print a cost per mile for most cars.  It is, of course, an average value based on averagey insurance costs etc.

 

Fabia VRS is shown as 44.5 pence per litre.  My own situation probably makes my running costs a bit cheaper ie 80% NCD insurance, fuel card.

 

Are these costs per miles figures worth taking a lot of notice of or of little relevance or value when choosing?

 

 

 

 

 

 

 

If you keep a record on fuelly you will be able to see how much your car costs per mile in fuel. Mine (1.2 Fabia) cost me 16p per mile before the fuel price went down. So then there's insurance and tax and servicing to add on to that, but it all depends on how many miles you will be doing as to how much you will divide your other costs by. So if you get the number of miles you'll be doing and say you'll need a set of tyres every 10k miles and a service every 10k or every year too, plus insurance and tax over the year. Multiply the tyres and servicing by the number of 000 miles you'll do in a year, then add on the insurance to that then add the fuel at however many pence per mile and you'll have an answer.

 

So for me, I do about 8k miles per year.

So tyres is £270*0.8 (£216)

Insurance is around £1300

Tax is £125

Servicing and MOT allow £250

Fuel was £0.16 per mile. (£1280)

 

So added up it comes to 3171. Now divided by 8000 gives you 0.4

 

So My car is costing me somewhere close to 40p per mile. All you need to do is substitute your figures in there and work it out and see what you get.

 

If my insurance cost me £500 instead it would be 30p per mile.

 

Of course there is buying the car as well.

 

But how does yours come out at 45p per mile? If it was taking into consideration car buying then surely it would be a lot more than that?

http://nextgreencar.com/mpg/best-mpg-cars

(1.2 Fabia) cost me 16p per mile

 

What's the average MPG of your Fabia? Fuelly puts my 33.6mpg @ 18.4ppm, which is with Momentum fuel (+5p per L).

 

My Celica should be just under 30ppm total cost now by the time I sell (being conservative with the selling price - though overall impact on PPM for depreciation is low, fuel dwarfs all other costs).

 

My aim is always to get it under 40ppm which I get for work mileage... though I may have to point out the 45ppm HMRC threshold.

If you keep a record on fuelly you will be able to see how much your car costs per mile in fuel. Mine (1.2 Fabia) cost me 16p per mile before the fuel price went down. So then there's insurance and tax and servicing to add on to that, but it all depends on how many miles you will be doing as to how much you will divide your other costs by. So if you get the number of miles you'll be doing and say you'll need a set of tyres every 10k miles and a service every 10k or every year too, plus insurance and tax over the year. Multiply the tyres and servicing by the number of 000 miles you'll do in a year, then add on the insurance to that then add the fuel at however many pence per mile and you'll have an answer.

 

So for me, I do about 8k miles per year.

So tyres is £270*0.8 (£216)

Insurance is around £1300

Tax is £125

Servicing and MOT allow £250

Fuel was £0.16 per mile. (£1280)

 

So added up it comes to 3171. Now divided by 8000 gives you 0.4

 

So My car is costing me somewhere close to 40p per mile. All you need to do is substitute your figures in there and work it out and see what you get.

 

If my insurance cost me £500 instead it would be 30p per mile.

 

Of course there is buying the car as well.

 

But how does yours come out at 45p per mile? If it was taking into consideration car buying then surely it would be a lot more than that?

 

My figure of 45 pence per mile is purely from what What Car say in their monthly magazine.

 

Bought the Fabia as an ex-demo of a few month old an so paid a couple of G less than Retail.

 

Mine is one of the first to go on to Variable service so those costs are less than are car on fixed mileage servicing as I do around 30K miles a year.

 

The Biggest difference for me on the plus side is that I have a fuel card so fuel is about 45p a litre (ie the PAYE/BIK tax element) rather than 112p or so for super unleaded.

 

Then again I do have winter tyres and summer tyres so that probably adds a bit to cost have six rims and eight tyres.

 

Residual value is the hard one to predict.  I am use to using Glasses Guide as we had to with Customs when cars came in as imports that were a few month and a few miles older ie Channel Island Hire cars or grey imports.

 

Clearly you can see a price per mile in What Car but then certain factors can take a huge move.

 

On the plus side fuel has become much cheaper so the £7k of fuel that appeared in my P11D last year will probably be more like £5K next year if fuel continue to be cheap.

 

Residuals can fall dramatically.  The Fabia 2 VRS waivers from being a giant killing cheapy, £15K capable of seeing off £30k rep mobiles from a oil swilling lemon in some eyes.

 

With the Euro now doing a swan dive against most worldwide currencies car producers will be able to offer bigger discounts and incentives to UK buyers whilst our currencies is also falling against most currencies it is not doing half as poorly as the Euro. 

 

When you actually look at it there are a few fairly reasonable cars which can be run for 35p a mile if you look beyond badges.

What's the average MPG of your Fabia? Fuelly puts my 33.6mpg @ 18.4ppm, which is with Momentum fuel (+5p per L).

 

My Celica should be just under 30ppm total cost now by the time I sell (being conservative with the selling price - though overall impact on PPM for depreciation is low, fuel dwarfs all other costs).

 

My aim is always to get it under 40ppm which I get for work mileage... though I may have to point out the 45ppm HMRC threshold.

36.8 MPG is the average for mine and standard Tesco fuel, not Momentum. Although I may try some Momentum now the prices are lower.

http://nextgreencar.com/mpg/best-mpg-cars

 

Hi George

 

And apply some filters give some very intresting results ie very small VAG car or, of course, some very small, French or Korean cars or the Dacias.

 

http://www.nextgreencar.com/mpg/best-mpg-cars/under-%C2%A310000/

If you keep a record on fuelly you will be able to see how much your car costs per mile in fuel. Mine (1.2 Fabia) cost me 16p per mile before the fuel price went down. So then there's insurance and tax and servicing to add on to that, but it all depends on how many miles you will be doing as to how much you will divide your other costs by. So if you get the number of miles you'll be doing and say you'll need a set of tyres every 10k miles and a service every 10k or every year too, plus insurance and tax over the year. Multiply the tyres and servicing by the number of 000 miles you'll do in a year, then add on the insurance to that then add the fuel at however many pence per mile and you'll have an answer.

 

So for me, I do about 8k miles per year.

So tyres is £270*0.8 (£216)

Insurance is around £1300

Tax is £125

Servicing and MOT allow £250

Fuel was £0.16 per mile. (£1280)

 

So added up it comes to 3171. Now divided by 8000 gives you 0.4

 

So My car is costing me somewhere close to 40p per mile. All you need to do is substitute your figures in there and work it out and see what you get.

 

If my insurance cost me £500 instead it would be 30p per mile.

 

Of course there is buying the car as well.

 

But how does yours come out at 45p per mile? If it was taking into consideration car buying then surely it would be a lot more than that?

 

Sorry I did not properly answer your question.

 

A part from the things I did mention above my insurance, I recall, is normally only about £330 a year ie 80% NCD in a quite area.  

 

Difficult to know the optimum annual mileage for lowest pence per mile.  I would guess it is around 12k-15K not to take a hit on residuals.

 

I get discount on oil and some other bits at garages with a trade card which also helps a bit with the Fabia's drinking habit.

What's the average MPG of your Fabia? Fuelly puts my 33.6mpg @ 18.4ppm, which is with Momentum fuel (+5p per L).

 

My Celica should be just under 30ppm total cost now by the time I sell (being conservative with the selling price - though overall impact on PPM for depreciation is low, fuel dwarfs all other costs).

 

My aim is always to get it under 40ppm which I get for work mileage... though I may have to point out the 45ppm HMRC threshold.

 

If your company "only" pays you 40 pence a mile ie 5 p a mile short of HMRC/Trsry rate, you can claim tax relief on the difference between the rate you are paid and the HMRC/Treasury rate.

 

So if you are a 20% tax payer you can get an extra 1p a mile or 2p a mile if you are a 40% tax payer (For the first 10K, less after than of course).

 

I get no pence per mile but a fuel card and car allowance but I am still allowed to claim mileage tax relief and I do over 20K business miles a year.  40% of 45p/mile for first 10K and 40% of 25p a mile for next 10K miles.   

 

Just done my Self Assessment last week (no £100 fine for me) and you have to be Sherlock's smarter brother (fortunately mine is and ex-Revenue like I am ex-Customs) so he helps me through mine.  

Pence per mile for present car and your future car and something you look at?

 

A criteria that I often have a look at when thinking about what car I am using, particularly for work trips but also for myself.  For much of my journeys for work I have been paid the mileage rate that HMRC/Treasury, currently 45p a mile for the first 10K per year and then 25p per mile after that.

 

What Car? print a cost per mile for most cars.  It is, of course, an average value based on averagey insurance costs etc.

 

Fabia VRS is shown as 44.5 pence per litre.  My own situation probably makes my running costs a bit cheaper ie 80% NCD insurance, fuel card.

 

Are these costs per miles figures worth taking a lot of notice of or of little relevance or value when choosing?

I run a company car and we use this site.

www.fleetnews.co.uk

 

Well worth a look. Go to tools and then car running costs.

Edited 25 January, 201511 yr by ruffday

So if you are a 20% tax payer you can get an extra 1p a mile or 2p a mile if you are a 40% tax payer (For the first 10K, less after than of course).

 

Ah, so not worth the hassle of doing the self assessment for approx £60!

I've never bothered working out the gross figure, only the fuel cost per mile (as fuelly doesn't work correctly for me, so do it on an excel sheet). I get 45p/10k to 20p/thereafter for business mileage, which is around 1200 a month (miles, not ££s). I have worked for companies where there is a flat rate of around 20 - 22p per mile, and claiming the relief tax back on the difference over 3 years was worth the effort, which to be fair wasn't huge.

It's about 30p a mile

tbh, if I want a car bad enough, I go and get it...  afterall, I work my ar$e off, I don't drink, I don't smoke...

 

Today I have been and enquired about the new Mustang...  That is going to deliver 15 - 20 mpg...

You'll get a free shale gas extraction kit with it.

Ah, so not worth the hassle of doing the self assessment for approx £60!

 

 

More and more people are being dragged in to Self Assessment and if properly understood and ones taxable reliefs are throttled optimally it can help provide courses of action than can substantially improve ones net income and worth.  If the objective is to be taxed the least, over a reasonable period of time, and to receive the most optimum benefits etc then it often worth getting in to.

 

The current UK taxation laws are grossly inefficent and unfair.   As we know a couple could loss their Child Beneifit if one of them earns over £60K and yet both of them earn £50K ie £100k together and keep the Child Benefit.  This was a first time unique law in the one partner must now "declare" their pay (after some deductables) is over £50K to HMRC and their partner changing the previous position that ones tax affairs are truly personal even within a partnership with children which was not the case.

 

A family with six kids, could be two people with three each that got together, would be better off asking their pay to be lowered from £60k to £50K as they would be better off (but they could also tax plan of course).  No wonder revenues are way down with all the measures introduced over the last nearly 5 years.

 

As a more directly realted thought the 45 pence a mile has been here for a couple of decades I seem to recall.   Have cars got that much cheaper to run? Do not think so.  Car prices went up by nearly a half from befire to after the 2007/08 crisis.   Hopefully they will now fall by 10-20% now the Euro is tanking against most currencies including our own though the GBP is not looking to good either just not as bad as the EURO.  

 

Back in the early 90s the HMRC mileage rate for cars over 2 litre was 63 pence a mile you might be interested to know !!

Nice to see more reports of actually achievable economy,  and even better if it is not just achieved from having to hypermile.

http://whatcar.com/car-news/real-world-mpg-efficient-small-petrol-cars/1215224

Nice to see more reports of actually achievable economy,  and even better if it is not just achieved from having to hypermile.

http://whatcar.com/car-news/real-world-mpg-efficient-small-petrol-cars/1215224

 

Indeed.  The average difference from manufacturers and "true" figures looks to be about an average of 20% shy with some models, notably the Ford ecoboost engine looking especially wayward at over 25% out from manufacturers figures.   Always been a big fan of Suzukis but mainly the bikes but actually over achieving on the manufacturing figures is odd.

 

Certainly finding it hard to get within 10% of the manufacturers figures at present in the Fabia VRS maiinly due to the colder weather I think but fuel costs is not such a major factor to me with the taxable fuel card but trade in price will be interesting and that is one big element of running cost and hence the Dacia looks very attractive with such a bargain price, if I can live with only half the power, and the Clio RS is very similar running cost to the VRS and performance but some elements not so good ie not variable servicing. 

 

Government are not rasing the 45p/25p per mile as far as I know in this continuing Austerity age so have to continue to look for all the element that assist in running a car for business miles at a profit rather than a loss.  Challenging.   A here are the diesel version to compare to the petrol ones.......

French cars did well as did British Mini, not so good for German ones and the Ford.

 

1. Citroen C3 1.4 e-HDi 70 Airdream – official 83.0mpg: True MPG 70.3mpg This diesel Citroen C3 is the only car in this list to return more than 70.0mpg. It might not be our favourite small car but a True MPG of 70.3mpg could prove very tempting to some buyers.

 

2. Citroen DS3 1.6 e-HDi 115 Airdream – official 74.4mpg: True MPG 63.0mpg Another diesel Citroen, but this time with a more powerful engine and a more stylish exterior. There's much to like about the DS3 including a classy cabin, generous specification and a True MPG of 63mpg.

 

3. Mini Cooper D 3dr – official 80.7mpg: True MPG 62.6mpg The new Mini hatchback's official fuel economy figures are an improvement on the previous car's, and it is more efficient in the real world as well. The new Cooper D 3dr recorded a True MPG figure of 62.6mpg, although this is some way below the official rating of 80.7mpg.

 

4. Dacia Sandero 1.5 dCi – official 74.3mpg: True MPG 61.7mpg The Dacia Sandero is not only cheap to buy – our data suggests it will be cheap to fuel as well. Our testers recorded 61.7mpg against official economy of 74.3mpg.

 

5. Fiat Panda 1.3 Multijet – official 72.4mpg: True MPG 61.0mpg The Panda Multijet is the most frugal city car we've tested so far. Our technicians recorded 61.0mpg against official fuel economy of 72.4mpg.

 

6. Renault Clio 1.5 dCi 90 – official 78.5mpg: True MPG 60.1mpg Renault's 1.5 dCi engine is also available in the Captur mini-SUV, but in the Clio it achieved 60.1mpg in our True MPG tests.

 

7. Mini Cooper D 5dr – official 78.5mpg: True MPG 58.7mpg The second Mini Cooper D to appear on this list is the new five-door version. It doesn't return quite as impressive fuel economy figures as its three-door relative but it still manages to achieve a True MPG of 58.7mpg.

 

8. Ford Fiesta 1.6 TDCi Econetic 5dr – official 85.6mpg: True MPG 58.0mpg Britain's best-selling car returns a respectable True MPG of 58.0mpg in 1.6 TDCi Econetic guise but it's disappointing that it's so far off the official figure of 85.6mpg.

 

9. Toyota Yaris 1.5 VVT-i Hybrid – official 78.5mpg: True MPG 57.8mpg If you want an efficient small car but don't want it to be diesel, the Toyota Yaris 1.5 VVT-i Hybrid could be the one for you. It's petrol-powered and returns a True MPG of 57.8mpg.

 

10. Audi A1 1.6 TDI – official 74.3mpg: True MPG 57.1mpg Audi's A1 is a former What Car? Car of the Year. Buyers are impressed by its premium feel and reliability. They'll also be pleased with the True MPG figure of 57.1mpg achieved by the 1.6 TDI models.

 

11. Volkswagen Polo 1.4 TDI – official 83.1mpg: True MPG 56.2mpgThe VW Polo has impressed our road testers, to the extent that it earned a five star rating. It's not the most efficient small car, with its True MPG rating some way short of its 83.1mpg official figure, but 56.2mpg means you'll still travel a fair way between fills. -

 

See more at: http://www.whatcar.com/car-news/real-world-mpg-efficient-small-cars/1214063?HAYILC=RELATED#sthash.e26f3kx5.dpuf  

Edited 30 January, 201511 yr by lol-lol

The answer to every question on anything is 'Cactus'.

 

Only issue is,

every time i see the ones with the Brown panels i have an urge to go buy some Galaxy Chocolate.

The answer to every question on anything is 'Cactus'.

 

Only issue is,

every time i see the ones with the Brown panels i have an urge to go buy some Galaxy Chocolate.

 

Was never too sure about Peugeot Citreon and now they have been part bought by the Chinese it is even more of a worry.  Now Renault.

Renault-Nissan-Dacia are pooling resources more and more and Renault coming out with their version of the hugely successful Qasqui but Dacia are the new Skoda and that is catching on here and in Europe. (And the Nissan GTR is pretty much the dog's dubberies of super cars IMO).  

Edited 30 January, 201511 yr by lol-lol

Cost per mile does not bother me at all, otherwise I would not be driving a V8 that does 25mpg on a good day with single figures around town along with just short of 300g k//m emissions.

Not sure about worrying,

cars with Warranties are cars with Warranties, and they are not all built by the VWG, 

so the Manufacturers Own up to issues & faults more often now.

 

British built Nissans are maybe the way to go, 

or South African Built Volkswagens, maybe Hungarian built Suzukis.

Maybe a Volvo from the Chinese owners that are headed by the Ex VW USA CEO.

 

What about just what ever you fancy and run it for 3 or 4 years then change, and only worry if buying a keeper.

Edited 30 January, 201511 yr by goneoffSKi

None whatsoever, as I use man maths when choosing a car. the only consideration I give is the 45p/25p mileage rate once I'm driving it, so i try to optimise fuel eco a little more. One the basis I get around 32mpg = 15p/ mile, 20k bus miles / year = 2 business services = £500/20000=2.5p/mile. Tyres last me typically 10k front, 30k rear so 2.5p/mile fronts and 0.75p rears

 

Total approx cost is 22.5p / mile, so I'm ok. probably got 3-4mpg safety factor in there to avoid being out of pocket, plus long M way miles means >10k out of a set of tyres. All assuming around £1.10/L of momentum etc.

None whatsoever, as I use man maths when choosing a car. the only consideration I give is the 45p/25p mileage rate once I'm driving it, so i try to optimise fuel eco a little more. One the basis I get around 32mpg = 15p/ mile, 20k bus miles / year = 2 business services = £500/20000=2.5p/mile. Tyres last me typically 10k front, 30k rear so 2.5p/mile fronts and 0.75p rears

 

Total approx cost is 22.5p / mile, so I'm ok. probably got 3-4mpg safety factor in there to avoid being out of pocket, plus long M way miles means >10k out of a set of tyres. All assuming around £1.10/L of momentum etc.

 

An aspect of claiming business miles interesting is what tool do you use to make the mileage claim?

 

Car's odometer (can be 12% under or 12% over-reading and be within manufacturing tolerences ?

 

Use Routeplanner http://www.rac.co.uk/route-planner/ ?

 

Do you add on a bit for a diversion for comfort break?

 

Would you claim the fastest route but actually take an eco-route and therefore make an extra bit of dosh?

 

HMRC rules are not clear on what is the correct methodology to use so pick the best.

An aspect of claiming business miles interesting is what tool do you use to make the mileage claim?

 

Car's odometer (can be 12% under or 12% over-reading and be within manufacturing tolerences ?

 

Use Routeplanner http://www.rac.co.uk/route-planner/ ?

 

Do you add on a bit for a diversion for comfort break?

 

Would you claim the fastest route but actually take an eco-route and therefore make an extra bit of dosh?

 

HMRC rules are not clear on what is the correct methodology to use so pick the best.

Work supply me with a Peak Miles data logger for my mileage claims, it works well, I upload the report from it every Friday, all I have to do is check the journeys and tick them for private/business

 

http://www.peakmiles.com/

 

Has worked well for me for the last year, and is recognised by HMRC.

 

According to Fuelly, the Octy costs £0.12/Mile for fuel