The truthful, honest cost of owning your vehicle.

Guys run your vehicles like a business


CAPEX - what you spend cash on purchasing outright. Vehicle (cash buys), accessories.

OPEX - what you spend keeping it running. Fuel, insurance, consumables(servicing, tyres, brakes etc)

Depreciation: don't calculate on some guideline like 15% value loss every year. Calculate the Asset value.

Asset value: At any specific moment in time if you sold the vehicle, what is it worth? (Including accessories bought under CAPEX) Does every cent of sale price estimate come back into your pocket? or what's left to go into your pocket after loans are paid out? It can be a negative number (sale price won't pay off the loan!)

Now add CAPEX and OPEX, subtract Asset value and divide by KM or days.... That's what it's cost you.

That's very sensible Neil but I'd prefer not to run something I love like a business, because it might stop me loving it. When I do calculations I do them out of curiosity, or for safety's sake.
It's a personal thing but I prefer not to rationalise too much. One of my Brothers is a rationalist (or thinks he is), so he has to drive a Land Cruiser.

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Originally Posted by cuppabillytea

That's very sensible Neil but I'd prefer not to run something I love like a business, because it might stop me loving it. When I do calculations I do them out of curiosity, or for safety's sake.
It's a personal thing but I prefer not to rationalise too much. One of my Brothers is a rationalist (or thinks he is), so he has to drive a Land Cruiser.

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Hehehe way too sentimental there my man. There are days I do the math and if I could make enough to break even by selling my kids for parts....

(Just KIDDING!). :wasntme:

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Originally Posted by Disco-tastic

What app do you have?

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Road Trip. I got the upgraded version that cost a couple of bucks, not the free one.

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Originally Posted by JamesH

Road Trip. I got the upgraded version that cost a couple of bucks, not the free one.

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I use that app, paid version too. It's useful. I track every litre/$ for our vehicles

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Originally Posted by tact

Hehehe way too sentimental there my man. There are days I do the math and if I could make enough to break even by selling my kids for parts....

(Just KIDDING!). :wasntme:

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I'd sell my kids for parts but they wouldn't fit anything. Then there's the problem of who's going to keep the Defender running when i get to rickety.:wasntme:either:angel:

the real cost of owning a 110

the wife

but i keep the 110, so the jokes on her

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Originally Posted by cuppabillytea

I'd sell my kids for parts but they wouldn't fit anything. Then there's the problem of who's going to keep the Defender running when i get to rickety.:wasntme:either:angel:

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hahaha ... :D

I just drove mine and worked all day with no issues ... NO COST !!! lolol
( thanks again to the guys here )

Did I mention that I love my Rover V8 ? :twobeers: