Cheap unlimited miles car hire

forgotmyname

No mention of what your car is, But it might only be £5 - £15 per 1000 miles over what they class as average.

As soon as the mileage passes 100,000 the price drops a fair bit, I always look for these types of cars, 1 owner
under 5 years and over 100,000 miles usually = a bargain that should last for at leat 5 years with minimal costs.

2L petrol mondeo Bought for £2000 spent approx £600 on it over 5 years and sold for £800 i think with over 150,000
miles and its still taxed now 2 years after i sold it.

Now have a diesel estate and its costs a fair bit, £500 or so over the 2 years ive had it but hopefully now its all sorted.

£20 per 1000 miles last time i looked at prices. But once its a few years old condition is more important to buyers.

When i mentioned the mileage to dealers over 150,000 they said no thanks no interested, The few that said lets have
a look were impressed with it, It was even better condition than a 1.8 petrol i looked that with almost half the mileage
but smoked like a chimney.

No wonder he wanted mine.

jam14

I do claim the running costs not the HMRC mileage rates which I believe you can only use up to a certain level.

and as the car gets older it obviously will require more work and become less reliable, for example the timing belt needs doing this month at a cost of several hundred pounds followed by another part that is wearing and will require replacement in the next years at £350.00, soon adds up and becomes the unkown cost.

ps. im please your second hand car has been reliable but I can assure from experience that most cannot be counted upon in the same way

jam14

not quite sure how you can say it will last 5 years if it already has 100,000 miles on it if im doing 35,000-40-000 per year that would mean at the end it would have done 275,000 !!!!!

jam14

thanks for your help guys, basically its a 57 plate fiat bravo 1.9 multijet now with 69000 on the clock, can anyone please advise how much this will depreciate with every extra 5000 miles I add in the next 12 months for part ex on a newer one

mikey72

jam14 wrote: »

I do claim the running costs not the HMRC mileage rates which I believe you can only use up to a certain level.

and as the car gets older it obviously will require more work and become less reliable, for example the timing belt needs doing this month at a cost of several hundred pounds followed by another part that is wearing and will require replacement in the next years at £350.00, soon adds up and becomes the unkown cost.

ps. im please your second hand car has been reliable but I can assure from experience that most cannot be counted upon in the same way

Mileage rate give you £2300 a year for 40k just on running costs.
Even more if your's on a higher tax rate.
You can still write off deprecaition and do all sorts of wierd and wonderful capital expenditure on top of that as well.
I think you need an accoutant to look at it for you.