Revised Figures
Car Purchase Cost: £13200
Annual Insurance: £984
Annual Service: £300
Annual Misc Repairs: $25
MOT: £54
Known One-Off costs: Tyres x4 – £450
Additional One off costs buffer £400
Estimated Cost Over 3 years of ownership (approx): £4939
Including purchase cost: $18139
Approx Motability payment over 3 years: £10224
Total Net Cost after 3 years: £7915
Car value after 3 years (pessimistic) £6000
Total Net cost: (if car is sold) £1915.
Vs
Motability option of a new car:
Down payment: £500 (max) (either c4 aircross, ford puma or kia sportage)
3 years of Motability payment: £10224
Total: £10724
I think based on the revised figures. The fact am I very much like this car and it’s flexibility, I think I am leaning to a purchase.
Again, if there is anything I have forgotten or failed to consider, let me know.
I do expect my mileage to increase somewhat, it was affected a lot by covid and lifestyle changes post covid really.
p.s – How do people approach entering their licence into comparison sites? Seems to be a new thing since I last compared for insurance. Does it affect the quotes much at all? I’m suspicious of giving my licence details to a comparison site.
