Do you actually make anything on mileage?

[VectraMan]

Quick calculation: insurance, servicing, repairs, MOT and petrol, I reckon 17p per mile. And that's at 34mpg.

I was doing 1000 miles per week a while back, but I worked out it was only actually costing me about £100 per month.

[Hiram King Of Tyre]

Quick calculation: insurance, servicing, repairs, MOT and petrol, I reckon 17p per mile. And that's at 34mpg.

I was doing 1000 miles per week a while back, but I worked out it was only actually costing me about £100 per month.

Exactly, so even at 40p/mile, you are still losing out

[DimPrawn]

Quick calculation: insurance, servicing, repairs, MOT and petrol, I reckon 17p per mile. And that's at 34mpg.

I was doing 1000 miles per week a while back, but I worked out it was only actually costing me about £100 per month.

You are dreaming aren't you.

http://www.theaa.com/allaboutcars/ad...esel_table.jsp

Somewhere between 35p and 90p per mile depending on cost of car for most people.

[VectraMan]

Exactly, so even at 40p/mile, you are still losing out

Yes, but if I was on full PAYE the tax relief would make me ahead. Of course I'd be worse off overall.

[Hiram King Of Tyre]

Looks like th conclusion is then that it's in your best interests to keep mileage as low as possible.

[SandyDown]

The 40p allowance has been there forever, the petrol prices has climbed up and up, but the allowance stayed the same, shouldn’t the two have parallel changes?

[DimPrawn]

The 40p allowance has been there forever, the petrol prices has climbed up and up, but the allowance stayed the same, shouldn’t the two have parallel changes?

Bit like the tax rate thresholds Sandy? We have a Labour government, tax is good remember?

[Hiram King Of Tyre]

I'm seriously considering a dirty smelly inefficient pick-up truck...........

[VectraMan]

You are dreaming aren't you.

No. I've spent £350 on insurance, £200 on a new exhaust, £200 on tyres, £50 on brakes, £300 on getting it through an MOT (new rear caliper and brake lines), and £50 on a service I did myself = £1150 and done 30,000 miles which means 3.8p per mile.

The car cost £995, and I'd guestimate it's worth about the same now.

34mpg = 7.5 mpl = 13p per mile in petrol (£1 per litre).

Of course if you must have a top of the range generic german sportscar, it's going to work out a bit differently.

[Bagpuss]

Even with a thirstyish car you are saving tax...

£40 per 100 miles, assume 30mpg, 3 1/3 gallons, say £15 petrol.

So 0.375 is actual cost up to 10k miles

10k miles =£4000 pounds claimed, tax saving circa £1500, more if you are close to40%

circa £1500 spent on fuel

No milleage allowance, cost =£1500 +depreciation/parts
milleage allowance cost =£0 + depreciation/parts