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Petrol Money
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With the basic expenses for car travel being 40p per mile, your 55-mile journey comes to £22! This should (theoretically) cover petrol, mileage added to the car's depreciation and maintenance costs.
Based on that theory you should be getting at least a tenner from your car share... but, as a nice helpful friend, perhaps £5 would be a compromise..?Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |0 -
Perhaps you could charge your mate a fuel surcharcharge or something.0
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he makes a donation of £3.00 per day towards fuel
He should be contributing towards the costs of owning a car.
That's depreciation, servicing, MOT, parts, insurance and recovery policy.
To be totally fair I would add these up (for your commuting jouneys not personl journeys) and then divide by the relevant number of miles to get a price per journey.
For my car it works out at 20p per mile but it could be anything between about 20p and 40p depending on what type of car you drive.
This seems entirely fair to me.0 -
Thank you all for taking the time to comment, I will have a chat with him and come to some amicable agreement.0
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