Ownership costs

[JamesL]

As I am about to replace my Vespa, the issue of ownership costs has come to front of mind. My little red Vespa has cost me, all in, about 30pence (55c) a mile. That's fully loaded- depreciation to fuel.

My Pagoda has been in my ownership for one year. I've done 2500 miles.

Assuming no depreciation it's cost me about £1 ($1.80) a mile. OK, I put in a refurb Becker GP and Cranes ignition which are not "consumables".

So.... for them as drive their cars - as opposed to mid-restoration, what's your rough cost per mile of ownership. Please feel free to ignore depreciation


(something tells me that this could go horribly wrong and any sane person would soon be in the market for a three year old low mileage E-class)

[Cees Klumper]

I figure my cost per mile is around $0.40
I worked this out based on the following:
annual average repairs and maintenance, everything included: Eur 2,500
annual insurance: Eur 500
cost per km in fuel: Eur 0.19
Everything added together based on 10,000 km per year which is my average comes to Eur 0.50 per km which equates to the $0.40 per mile (US$ to the Euro = 1.25 and a mile = 1.609 km).
Can you tell I am a CPA?

Cees Klumper in Amsterdam
'69 white 280 SL automatic