Help me here. I'm trying to appreciate the ownership costs incurred by members in the UK and EU. Purchase price, fuel and insurance costs, taxes and insurance. I don't think that owners in other areas appreciate the financial sacrifice that owning a Z4 represents. I know that when I travel to Europe I can always bury the car expense below food and lodging when I rank my expenditures. Not quite the same when it's a everyday thing. So, please do tell.
Z4 UK/EU costs
- Thread starter TO//M
- Start date
Well mine is definetly a large portion of my outgoings (probably too large) but it's both a way of commuting and a way of having fun.
Insurance is high for me, £900, I'm 26.
I do around 20k miles a year, about £50-60 a week in fuel just for getting to work, the train would be £45-50 plus a bus ride at each end. (I know what I prefer
)
Tax £210 a year, not too bad...
Then there's general running costs....
I could spend less on fuel if I moved closer to work but the cost of house ownership/rental is too high for me. I currently have cheap rent/food with the folks, which suits them too since my father is away most of the year.
Insurance is high for me, £900, I'm 26.
I do around 20k miles a year, about £50-60 a week in fuel just for getting to work, the train would be £45-50 plus a bus ride at each end. (I know what I prefer
)Tax £210 a year, not too bad...
Then there's general running costs....
I could spend less on fuel if I moved closer to work but the cost of house ownership/rental is too high for me. I currently have cheap rent/food with the folks, which suits them too since my father is away most of the year.
Liverpool
My Z4MC is my one and only car. As for costs, it's cheaper than either of my two e34 M5s were.
Finance is £450/month, petrol is £100/week, insurance is £700, road tax is £400/year, tyres are £700/set (twice a year), and maintenance is £0 so far.
Total of about £13000/year - although most of my business miles are expensed to one client or another, so I get back about £7000.
Finance is £450/month, petrol is £100/week, insurance is £700, road tax is £400/year, tyres are £700/set (twice a year), and maintenance is £0 so far.
Total of about £13000/year - although most of my business miles are expensed to one client or another, so I get back about £7000.
AJZ4London
Member
"tyres are £700/set (twice a year)"
That's some serious mileage!!
That's some serious mileage!!
£210 a year road tax and about £38 a week on fuel. No service costs yet and no tyre purchases and no finance.Z4 3.0i pre-facelift
Mileage: approx 6k miles p.a. (not used on a daily basis, I usually cycle to work)
Insurance: approx £450 (30 y.o. decent NCB, business class 1 insurance up to 1k business miles p.a.)
Tax: £210 p.a.
Servicing: oil change every year, servicing every 24 months - so say £80 p.a.
Finance: none, I own the car outright
Fuel: worked out at £0.1314 per mile over past 3k miles (average 30.3mpg), so £788 p.a.
Totalling all that comes to running costs of
£1,528 p.a.
or £127 p.m.
excluding depreciation of course (but that won't be bad on a late-2004 Z4).
Not a bad cost really given the performance and nature of the car
Mileage: approx 6k miles p.a. (not used on a daily basis, I usually cycle to work)
Insurance: approx £450 (30 y.o. decent NCB, business class 1 insurance up to 1k business miles p.a.)
Tax: £210 p.a.
Servicing: oil change every year, servicing every 24 months - so say £80 p.a.
Finance: none, I own the car outright
Fuel: worked out at £0.1314 per mile over past 3k miles (average 30.3mpg), so £788 p.a.
Totalling all that comes to running costs of
£1,528 p.a.
or £127 p.m.
excluding depreciation of course (but that won't be bad on a late-2004 Z4).
Not a bad cost really given the performance and nature of the car