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wrenchvolt

Bangernomics Schedule

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I use a spreadsheet to keep track and budget car running costs. I've produced a schedule for the generic shitter car that maybe of interest to someone. I've posted some screenshots below and would be happy to email the file directly to anyone who wants it. If you have any corrections of improvements to add that would be awesome.

 

It was produced on OpenOffice so may have formatting glitches in Excel.

 

gencost1_zpsr3vap3le.png

 

gencost3_zpswvneojdy.png

 

gencost2_zpsb28zmewx.png

 

gencost%204_zps0sf1gvri.png

 

This guy has a good book and his Youtube is a great source of info. I think he deserves more views and comments IMO.

 

https://www.youtube.com/channel/UCLzM8wn-MRDDsKE17F0LxNg

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When I have previously engaged in bangernomics my formula was

 

buy - drive - spend nothing - sell for spears and reapers

 

I certainly wasn't buying them de-ionized water and timing belt kits or any of that nonsense.  I never even changed the oil in my Mk6 Escort

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Fair enough capt. The only thing I care about with my vehicles is reliability. All of my stuff over the last 20 or so years has been +10 years minimum. My non-start or breakdown rate is no worse (in many cases better) than friends and family running way newer stuff. My personal stance is using and chucking something (that with a bit of work could become alright), is a bit wasteful, although I did that with the Clio. A persons vehicle is theirs to do with as they please of course.

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When I have previously engaged in bangernomics my formula was

 

buy - drive - spend nothing - sell for spears and reapers

 

I certainly wasn't buying them de-ionized water and timing belt kits or any of that nonsense.  I never even changed the oil in my Mk6 Escort

 

Yeah, same here. Buy only what's necessary to keep it running and driving.

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I do agree with you guys to a large extent. The schedule is for the generic vehicle with the average amount of money to spend to achieve just that. The problems that need sorting may vary, but the money usually comes out about the same, on average, in my limited experience.

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Less cost of fuel the average cost of reliable shitter ownership in my experience is about £85.00 per month. Therefore, I argue my hobby is beneficial to the household and saves money compared with UK average car running costs.

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I have found out that 'bangers' are usually more reliable than newer more expensive cars..

I have purchased 2 cars on finance , and both went tits up in less than 12 months..1 grenaded its engine the other developed electrical gremlins that would make a 70's Italian car blush..

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I hope my arithmetic is right, but that seems to work out at about 41pence per mile. I daren't work it out for the Land Rovers, but am happier with the £40 per week on diesel compared to the £70 a week on petrol. When I worked it out years ago on my new Fiat Panda, over three years and losing over half the value of the car, it was less than 20 pence per mile (tyres, service, insurance, ved, all included). I was doing 20,000 miles per year though and the Panda averaged 50mpg. At that sort of mileage per year mpg becomes important.

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I hope my arithmetic is right, but that seems to work out at about 41pence per mile. I daren't work it out for the Land Rovers, but am happier with the £40 per week on diesel compared to the £70 a week on petrol. When I worked it out years ago on my new Fiat Panda, over three years and losing over half the value of the car, it was less than 20 pence per mile (tyres, service, insurance, ved, all included). I was doing 20,000 miles per year though and the Panda averaged 50mpg. At that sort of mileage per year mpg becomes important.

I'm too lazy to check the calculation, I am anal but I have my limits!. However, Your point is logical and cogent to me and is most welcomed. The car that was partly based on was high mpg car being used to haul mankiness to the tip and do groceries, with the odd trip miles away for hikes. The low miles and the usual fixed yearly costs would give a comparatively high pence per mile, as opposed to the same car with high annual mileage. When I write my eccentricities down like this, I start to wonder if I should see someone?

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I find it's best not to work it out, I wasn't well when I originally worked out the cost of running my Volvo 240 estate, which is why I ended up buying a new Panda at the time, as just the fuel saving over three years would allow me to buy a £6k new car and afford to throw it away and still save money. I'm back in work at the moment, but when I was retired I still managed to do over 12,000 miles in a year, in a petrol Land Rover at sub 20mpg. I shall be finishing work again in October, so the near 30mpg in the TDi one will hopefully be a little less painful; although I do need to try to cut my mileage down.

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I have found out that 'bangers' are usually more reliable than newer more expensive cars..

I have purchased 2 cars on finance , and both went tits up in less than 12 months..1 grenaded its engine the other developed electrical gremlins that would make a 70's Italian car blush..

Did you make the classic mistake of buying something out of warranty on finance though - IMO the worst way to own a car.

 

Brand/nearly new or really quite old and worthless are the ways to go I find.

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...buying something out of warranty on finance though - IMO the worst way to own a car.

 

Brand/nearly new or really quite old and worthless are the ways to go I find.

Fair amount of truth to this IMO. I always go worthless as I don't have the choice :-D . Seen people spend about £1500 for a car, keep it a few years, sell it for more or less the same (prolly on the worthless end of the spectrum to most tho).

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I should also add that because I am old my insurance is cheaper and the Pandas were £30 per year ved, my last car I bought for work was a Suzuki Alto which was slightly cheaper insurance, zero ved and slightly better on fuel, still lost over 50% of its purchase price and slightly more to service it as it had a 9k service interval. I really don't want to work out what the Bentley cost per mile when I had it as I spent loads on fixing things, hardly ever drove it (because it was being fixed) and it did about 10mpg, I'm sure I wasn't in xtriple running costs category though.

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