We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

How to work out cost per mile

2»

Comments

  • torbrex
    torbrex Posts: 71,340 Forumite
    10,000 Posts Combo Breaker Rampant Recycler Hung up my suit!
    My currenty car costs me on average 11.5 pence per mile in fuel but of course that is fuel only and does not allow for all other running costs.

    I do a casual job that pays 22ppm and a temp job that pays 30ppm.
  • redpete
    redpete Posts: 4,738 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    45p per mile, is reckoned to be the average cost of running a car.

    Well, that's the amount HMRC will allow an employer to pay without the employee incurring a tax liability. Personally I wouldn't think a friend doing a favour should expect a proportion of the costs for road tax, insurance, MOT etc where these costs are the same whether or not she drove the extra 360 miles. I would think between 12-15p per mile to be appropriate.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • forgotmyname
    forgotmyname Posts: 32,956 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What car have they got and what do they get to the gallon?

    Approx figures.....

    18mpg = £130 in fuel alone.

    30mpg = £76

    35mpg = £65

    40mpg = £57

    etc...
    Censorship Reigns Supreme in Troll City...

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.