remmington wrote: ↑Wed Sep 18, 2019 11:04 am
Honda AFS110i Wave
1200 miles a year.
£200 depreciation a year
£20 road tax
£29 MOT test fee
£70 a year for tyres/chains/bulbs/filters/oil - general servicing - with me doing it and no labour.
£150 a year insurance - not sure of this as I add mine on my motortrade insurance
£52.50 in fuel at 130mpg for 1200 miles
£50 a year towards new gloves/helmet/waterproofs every few years (not an unreasonable estimate).
Gives a total of £571.50 a year or 48p a mile.
Come to the conclusion you want to be doing 4000 miles a year to dilute the fixed costs a bit - and make it a really cheap proposition!
Noooooo.A cub is cheaper ..... Get a cub.
Appreciation instead of Depreciation for starters.
£20 tax
£29 mot
£40 oil and filter (tyres last for years)
£40 Insurance in my case (Cornmarket)
£52.50 fuel at 1200 miles
I'm not putting cost of helmet, gloves etc as that's just bound to happen. In any case, I don't smoke, hardly drink and don't play golf so that's saving me thousands for starters.
£181.50 = 15p per mile
Yeah I agree that every so often you need new tyres etc but it's still a very cheap form of transport plus you'll get all your money back if/when you want to sell.