Do these costs look reasonable?

Bailey101

Afternoon All

I'm buying a (new to me) car and have a specific model in mind that has good reviews and a reputation of being a fairly reliable car even with a high mileage.

I've worked out average monthly costs and was hoping someone could say whether they look realistic or if I'm delusional

1. Insurance will be paid upfront for the year, so that hasn't been included.
2. £80 per month fuel - I used a slight underestimate of 30mpg and worked out my commute and average weekend use.
3. £20 road tax, I'll pay the year upfront but this is the monthly average
4. £50 per month into savings for repairs, or to pay 0% credit card if repairs needed before there's enough savings.

Total - £150 but not including Insurance and finance.

I feel like I'm forgetting something though......

Thanks for having a wee look :j

reeac

Bailey101 wrote: »

Afternoon All

I'm buying a (new to me) car and have a specific model in mind that has good reviews and a reputation of being a fairly reliable car even with a high mileage.

I've worked out average monthly costs and was hoping someone could say whether they look realistic or if I'm delusional

1. Insurance will be paid upfront for the year, so that hasn't been included.
2. £80 per month fuel - I used a slight underestimate of 30mpg and worked out my commute and average weekend use.
3. £20 road tax, I'll pay the year upfront but this is the monthly average
4. £50 per month into savings for repairs, or to pay 0% credit card if repairs needed before there's enough savings.

Total - £150 but not including Insurance and finance.

I feel like I'm forgetting something though......

Thanks for having a wee look :j

Servicing? Ranges from DIY at maybe £8/month to garage at £25/month - depending on the car.

Bailey101

reeac wrote: »

Servicing? Ranges from DIY at maybe £8/month to garage at £25/month - depending on the car.

That's what I forgot!!

The car's a 2007 Hyundai Coupe 2.0 Siii, I'd rather pay more for a full service then do it myself so if I add £20-£25 a month to my repairs budget?

gilbert_and_sullivan

If you haven't already bought the car pay special attention to the front discs, these are fitted from behind the hub requiring the hub to be pressed off to gain access, usually wrecking all 4 front wheel bearings in the process...you can probably guess how i know this, so budget £300 to £400 for new front discs if needed and bargain hard if they need doing.

Other than that a decent car and you're not far off with your budget.

Bailey101

gilbert_and_sullivan wrote: »

If you haven't already bought the car pay special attention to the front discs, these are fitted from behind the hub requiring the hub to be pressed off to gain access, usually wrecking all 4 front wheel bearings in the process...you can probably guess how i know this, so budget £300 to £400 for new front discs if needed and bargain hard if they need doing.

Other than that a decent car and you're not far off with your budget.

That sounds a bit barbaric :eek: Not bought the car yet, so I'll need to ask the seller about the front discs. There aren't any advisories on the MOT from last month, but knowing my luck all the repairs are just waiting for me

Thanks for the heads up, and if there's anything else you can pass on to a car-illiterate like me it'd be very welcome :rotfl:

forgotmyname

No matter how many time you put the numbers into the calculator, Your empty bank account each month tells a different story.

Make sure you have enough left over for the inevitable reapirs. Clutch, Brakes, Tyres, Starter motor, Alternator. And the unexpected ones, CV joints, Gearbox, Head gasket.

How will you manage if it turns into a money pit? £700 repair one month, Then tyres and brakes need doing before the next payday?

Bailey101

forgotmyname wrote: »

No matter how many time you put the numbers into the calculator, Your empty bank account each month tells a different story.

Make sure you have enough left over for the inevitable reapirs. Clutch, Brakes, Tyres, Starter motor, Alternator. And the unexpected ones, CV joints, Gearbox, Head gasket.

How will you manage if it turns into a money pit? £700 repair one month, Then tyres and brakes need doing before the next payday?

I'll manage the same way everyone else who runs a car does. There's very few people who could afford to repair everything on your list, but that doesn't mean the whole of the population is getting the bus, does it?

I'm sure your post was meant to be helpful but it came across as somewhat condescending, and were you really trying to imply that people shouldn't own a car unless they have thousands of pounds going spare?

OddballJamie

Also worth putting the same amount as your insurance excess aside just to be safe.

Regarding fuel and VED, allow for increases too. Fuel has doubled since I bought my first car.

You may want to include cleaning costs into the equation if you want the Coupe looking pristine.

27col

OddballJamie wrote: »

Also worth putting the same amount as your insurance excess aside just to be safe.

Regarding fuel and VED, allow for increases too. Fuel has doubled since I bought my first car.

You may want to include cleaning costs into the equation if you want the Coupe looking pristine.

When I bought my 1st car the cost of petrol was the equivalent of about 40p/gallon (4.55 litre). I thought that was quite expensive. If only I had known what it was going to cost in the future.