Do you actually make anything on mileage?

[SandyDown]

oh reminds me (may be should have a poll)

Which car is most economic to run (talking petrol or diesel only here - not interested in the G-wiz electric ones )

[Bagpuss]

Probably a very small citroen diesel, bought 1 year old.

The most obvious frugal motorway eater would be the golf gttdi

[Hiram King Of Tyre]

Say £1 per litre and 40mpg, that's over 11p per mile before anything else....

[Bagpuss]

Say £1 per litre and 40mpg, that's over 11p per mile before anything else....

You won't make anything, you will save money compared with not having it. Unless you fiddle it that is.

[SandyDown]

You won't make anything, you will save money compared with not having it. Unless you fiddle it that is.

Exactly !!

[rootsnall]

I'd like to see your figures. At 10p per mile, that would just about cover the fuel surely?

I'm doing about 400 miles a week, so 40 quid on petrol ( banger burns a bit more than that I think when being hammered ), so say 50 quid, maybe a few quid more. I claim 160 quid in mileage from the company ( not hit 10K yet, if I get renewed I'll be down to 100 quid a week back ). The car was given to me, its beyond depreciation, MOT + service was 120 quid I think, insurance 250ish I think, chuck in a tyre or two plus contingency, say annual non petrol running cost a grand, 20 quid a week.

Pre 10K miles = 160 - 50 - 20 = 90 quid up, down to 30 quid post 10K. The profit is the tax I'd pay on that.

I've got to replace the banger at some stage but I'm already eyeing up a family freebie hand me down or I could take the Mrs decent car off her. The figures then wouldn't work as that has a bit of depreciation left in it yet.

How's that ? Have I missed something, quite possible.

[Hiram King Of Tyre]

You won't make anything, you will save money compared with not having it. Unless you fiddle it that is.

OK but the point I make is that the net effect is that you are subsidising your business because it's personally costing you more than the tax you are saving

[Bagpuss]

OK but the point I make is that the net effect is that you are subsidising your business because it's personally costing you more than the tax you are saving

If you have a newish car and it's thirsty then yes. I have a banger to mop up the miles, it's cheap to repair and it isn't losing any significant value, so the mileage allowance is a net gain for me.

[VectraMan]

OK but the point I make is that the net effect is that you are subsidising your business because it's personally costing you more than the tax you are saving

You're not subsidising the business, the business is making less money because of the travel costs, and has less to pay you. You could stay at home, but then the business wouldn't get anything. You travel to make money, and as long as you make more than it costs you, you're ahead.

[DimPrawn]

You're not subsidising the business, the business is making less money because of the travel costs, and has less to pay you. You could stay at home, but then the business wouldn't get anything. You travel to make money, and as long as you make more than it costs you, you're ahead.

It's disgraceful, that in order for me to live I have to spend money on food and pay for housing. Why should I personally support my company like this, just so it can make money? Well?