Transport/petrol allowance

[psychocandy]

Yes they do. Which makes the scale rates look a bit mean.

the presumption of course is that you already have a car so the incremental costs are what matter - otherwise it would be a company car and no private mileage.

On the basis of incremental costs it is a bit fairer. The additional depreciation is obviously not linear.

if it is genuinely fair though they would let you run a car on thecompany and reimburse private mileage at scale rates with no bik charge.

£1 a mile!!! Like to see how thats worked out then. Unless you've got a ferrari.

[LondonManc]

Yes, I realize iys fundamental, but still thought the £3,393 expenses was quite high so wanted to see what people thought.. for me thats what a forum is about..

Weekly commute to London

c. 200 miles each way

400 miles per week, 45 weeks.

400 * 45 =18000

(10000 * .45) + (8000 *.25) = £6500

That's more what your accountant rather than this forum is for though

[malvolio]

£1 a mile!!! Like to see how thats worked out then. Unless you've got a ferrari.

The AA worked it out at 64p a mile in 2004-ish and I doubt it's gone down. But start from a £20k car and look at your lost interest on capital, depreciation, interest repayments, insurance, servicing and consumables replacement, fuel, parking....

[eek]

The AA worked it out at 64p a mile in 2004-ish and I doubt it's gone down. But start from a £20k car and look at your lost interest on capital, depreciation, interest repayments, insurance, servicing and consumables replacement, fuel, parking....

It's why leasing a car can quickly make economic sense.... The depreciation, road tax and interest are built into the monthly fee...

Isn't the rule lease things that depreciate only own things that may appreciate

[ASB]

£1 a mile!!! Like to see how thats worked out then. Unless you've got a ferrari.

Its not hard to work it out. Consider partners family car.

over 3 years and 35,000 miles.

fuel 5,750
servicin 900
Ins 1100
tyres 900
depreciation 8,000
road tax 600

Thats about 50p.

Now consider mine. In the last 2 years I had covered 14k miles. The 25k car has depreciated approx 9k. In the order of 1 per mile overall. Insurance etc about the same. Fuel about half.

Lower mileage tends to increase cost per mile. Higher decreases it (no tulip sherlock)

Sure run around in a shed its cheaper. A mid range car with fairly limited mileages ends up pretty expensive.

[WTFH]

Here's the AA's figures for a petrol car in 2014...


http://www.theaa.com/resources/Docum...petrol2014.pdf

[northernladuk]

Its not hard to work it out.

It is for PC.

[northernladuk]

It's why leasing a car can quickly make economic sense.... The depreciation, road tax and interest are built into the monthly fee...

Isn't the rule lease things that depreciate only own things that may appreciate

The sting in the tail is the capped mileage which doesn't always suit the way we work. The extra per mile isn't a lot but can be be a pain if you get caught on a gig with a long commute just at the wrong time.

[LondonManc]

Its not hard to work it out. Consider partners family car.

over 3 years and 35,000 miles.

fuel 5,750
servicin 900
Ins 1100
tyres 900
depreciation 8,000
road tax 600

Thats about 50p.

Now consider mine. In the last 2 years I had covered 14k miles. The 25k car has depreciated approx 9k. In the order of 1 per mile overall. Insurance etc about the same. Fuel about half.

Lower mileage tends to increase cost per mile. Higher decreases it (no tulip sherlock)

Sure run around in a shed its cheaper. A mid range car with fairly limited mileages ends up pretty expensive.

Except you're paying road fund licence and insurance whether you use it for business or not.

[eek]

The sting in the tail is the capped mileage which doesn't always suit the way we work. The extra per mile isn't a lot but can be be a pain if you get caught on a gig with a long commute just at the wrong time.

Capped mileage, the manufacturers don't cap, only some of the lesser finance companies restrict mileage. VW is limited to 999,000 from memory..

Carefully purchased a lease car isn't a bad choice. Each additional mile is 7.2p max with most VW brands which given the 25p mileage allowance covers most of the damage....