Planty02
Member
Registered: 5th Mar 05
Location: Burslem, Stoke-on-Trent
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Me and my dad have been having this debate for months now...Is car depreciation a running cost or not.
He says it is, but I disagree, based on a running cost being something you have to pay out every week/month
Do you consider it to be a running cost?
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
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yes, i bet my car will depreciate quite a bit being an 07 but don't bother me as i'll just trade it in for a new reg in 12 months anyway.
depends how you use the car tbh, if it's kept clean and not much mileage done then it wouldn't depreciate more than one with average muileage/ average condition
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Hammer
Member
Registered: 11th Feb 04
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Technically, from an accounting point of view, depreciation is a running cost yes.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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What hammer said.
Mine will appreciate though, so I don't care 
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Planty02
Member
Registered: 5th Mar 05
Location: Burslem, Stoke-on-Trent
User status: Offline
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But my arguement is that its not a running cost because you don't physically take x amount of £'s out of your wallet every month and hand it over...I'd say it's more like part of the cost of changing cars
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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If you look at magazine test of new cars, they often give you a pence per mile cost for 3 years, that takes depreciation in to account.
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Dave-Creations
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Registered: 28th Dec 06
Location: IRELAND
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ina way it is a running cost, because parts depreciate all the time and need replacing, bulbs, tyres, brake pads and discs etc.. might not be a monthly thing, but i suppose it depends on how old your car is
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Adam_B
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Registered: 13th Dec 00
Location: Lancashire
User status: Offline
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running cost imo. My cars depreciation/appreciation appears to be seasonal
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Planty02
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Registered: 5th Mar 05
Location: Burslem, Stoke-on-Trent
User status: Offline
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hmm Some valid points being made here but that sounds more like maintainence than depreciation to me
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John
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Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by Adam_B
running cost imo. My cars depreciation/appreciation appears to be seasonal
Yes I was looking again and was put off by people wanting 10k for a 7 year old car.
There will be 2 or 3k off that the 1st time it snows.
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Robbo
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Registered: 6th Aug 02
Location: London
User status: Offline
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What car etc count dep'n in the runnign costs they quote
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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I look at it this way now, i use my car for work and for social. There is no point in spending thousands of pounds on moding it or going out and buying a new car every year. All cars will end up the same after a few months and i've got nothing for the money spent. I'll just use my car until it starts to fall apart and save the money in the bank so when someone hits it, i blow it up or starts wearing out i can go out and buy a new one.
One day i'll own an old Mini Cooper and VW Camper which i won't use daily and be kept in a garage. Then i will spend thousands of pounds restoring them.
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