LING'S TRUE RUNNING COSTS
     
Cost works out at
£7.88 per day
including tyres, tax,
petrol and servicing
+ VAT
My new lease cars are always priced WITHOUT servicing & certainly don't include free fuel.

However, I have used some maths to show how much the running costs for this new car will be, per day.
This is based on 10,000 miles per annum,
so that every car is equivalent.

FUEL
Fuel Pump
I take the average UK petrol price which today is £1.26 a litre, and work out how much you will spend over 2 years on petrol at 10,000 miles per annum.

Tyres
TYRES
I figure you may need 2 tyres every 20,000 miles. I cost the tyres at a price which increases with the value of the car.

Servicing
SERVICING
I reckon you will need one service every year (or 10,000 miles). I have used a servicing cost table which is based on the retail price of the car:
Car Value Service Cost
£10,000 or less £150
£10,000 to £20,000 £200
£20,000 to £30,000 £250
£30,000 to £50,000 £350
£50,000 or more £500
My "TRUE RUNNING COSTS" includes the rental and the cost of fuel at current average UK rate, doing the combined EC miles per gallon. Running costs also include road tax, they also include a realistic servicing cost and the cost of some replacement tyres.

This means you can have a very accurate estimate of how much the car will actually cost you to run, per day. The only significant thing missing is your insurance cost because I don't know that... only you know that!

Working out your running costs:
 
RENTAL: (+ VAT)
your monthly rentals all added together
£3,824
£147.08 x ( 3 + 23 )
ROAD TAX:
for the term. It may be £0, which means it's included in the contract
£0
Fully included in contract
FUEL COST: (+ VAT)
at the current UK average fuel price, using the "EC combined" fuel economy figure for your car
£1,914
£1.26/litre x (10,000 @ 2 years) ÷ 60mpg
SERVICING: (+ VAT)
over the term, based on a simple table of average servicing costs
£300
£150.00/year for 2 years
TYRES: (+ VAT)
over the term, based on a table of tyre costs for the type of car and based on 2 new tyres per 20,000 miles
£100
£100/year for 2 years
TOTAL: (+ VAT)
everything above, for the term, added together
£5,752
DIVIDED BY 730 days you will keep the car...
gives us £7.88 + VAT per day!
Citroen C3 Hatchback 1.2 PureTech Flair 12v (82bhp) Hatchback 5dr 1199cc Petrol Manual (5 Speed)
PetrolPetrol ManMan PaintMet
3 + 23 profile
10,000 miles per annum

you pay...
£147.08
excluding VAT per month

My contract does not include tyres, servicing or fuel.
Cost works out at
£7.88 per day
including tyres, tax,
petrol and servicing
+ VAT