Working out petrol costs

boliston

if the cost of running the car is 45p per mile then as long as you only charge 50% of this cost to the passenger then there would be no element of 'profit' involved

unholyangel

boliston wrote: »

if the cost of running the car is 45p per mile then as long as you only charge 50% of this cost to the passenger then there would be no element of 'profit' involved

Not as simple as that - theres actually 2 approved mileage rates. 45p per mile for the first 10,000 miles then 25p per mile thereafter. And as I said, the approved rate for passengers is 5p per mile.

It could be quite easy to argue 50% of 45p per mile was a financial gain just by showing its more than it actually costs to carry them.

vikingaero

martinthebandit wrote: »

There is some really miserly people on here!

OP tell the person that your giving a lift to it's going to use £120 of diesel and see how much they offer.

Your going to be spending it anyway.

It is MSE!:money:


It works both ways. I've had people ask for a lift and refused to pay anything "because I am going anyway". That is properly miserly.



The way we work in our friendship group is that whoever drives goes for free - that is if the fuel is £120 and there are 4 of us including the driver, then non-drivers each pay £40 and the driver pays nothing (apart from tyre/servicing/depreciation costs).

RPWJ

I pick up and drop off a non driver every day for work. i would've been quite happy to split the fuel costs but she insisted on paying all of them. It works out less than a bus pass and she is able to get home after a backshift.

Car_54

Apodemus wrote: »

I read the OP as suggesting they were doing the journey anyway and simply giving someone else a lift. If so, then they would be helping towards the costs if they simply contributed to the fuel and perhaps paid for a coffee stop or two.

Different scenario, though, if the OP is only doing the journey to take the other person there and back, at which point all the additional costs might come into play.

... as well as fines and points for operating as an unlicensed taxi, and not having valid insurance.


AIUI the insurance companies regard a contribution to fuel costs as reasonable, and within the definition of SD & P, but any additional payment is "hire or reward".

DUTR

Runningfast wrote: »

Hi,

I have to drive 800 miles (mix of motorways and winding country Roads, West Coast Scotland) in a couple of weeks and been asked to give someone a lift.

To budget they have asked roughly what the costs of the fuel will be so we can split it. The truth is I have no idea what it will cost or how to work it out.

Car is a 2L Vauxhall Insignia (Diesel).

Anyone know of any good websites or calculators to use? or have an idea how much this would roughly costs? I don't track the MPG or fuel use on my car so have no idea what I normally use, I just fill up as and when.

Trouble is if you have no idea, then how can someone else know? Whether you use a calculator site or not, some of the data to input you will need to know near enough to get a guesstimate.
Until this thread Mondeo/Vectra insignia's etc were all doing 65mpg easily :eek:, so at £1.20/L then the round trip would cost under £70. I'm putting money on that you don't get 40MPG between refills, so £60 contribution, may break you even.

Runningfast

Hi thanks for the replies.

Just to clarify it is 400miles each way (800 miles in total) Basically if this person comes with me I have to drive I would prefer to take the train which is £145 from my local station. It seems that the cost of public transport is going to be similar to the total cost of diesel for this trip. The train takes 10 hours which is close to what I expect for the drive after factoring in stops and traffic etc.

I'll be honest I am trying to get out of the driving as I would prefer to take the train and relax for the journey.

DUTR

Runningfast wrote: »

Hi thanks for the replies.

Just to clarify it is 400miles each way (800 miles in total) Basically if this person comes with me I have to drive I would prefer to take the train which is £145 from my local station. It seems that the cost of public transport is going to be similar to the total cost of diesel for this trip. The train takes 10 hours which is close to what I expect for the drive after factoring in stops and traffic etc.

I'll be honest I am trying to get out of the driving as I would prefer to take the train and relax for the journey.

Yes, let the train take the strain as the advert used to say.
and yes the cost to drive on many journeys vs the train is that if two people are in the same vehicle, then it costs the same as a train ticket nearabouts.

facade

Tell them that you'd rather go on the train, and suggest that they drive if they want to and give you a lift, and you'll pay half their fuel.




I wouldn't drive 800 miles for someone else's convenience if I didn't have to.