What does your van actually cost per hour?

[mfgs]

But it should include repayments - because thats part of the cost. If you leased a van, you would count repayments as expenses, and so you should with purchases. Even if you buy the van outright with cash, the financing cost per month to you is :

Purchase cost minus eventual sale cost, divided by the number of months you owned it. Then you should really add in the additional cost that you have suffered by not having that money available for other things - so the interest that you would have earned on a savings account at the very least.

Yeah I get that, I just thought he meant the keeping it on the road and travelling without the cost of the van. Hence why I thought 12k per year was excessive, maybe I misunderstood what he was getting at.

 

[Ray Stafford]

I think he meant that every hour he spent working, the first £6 he earned went to pay van-related costs. But I may have been misreading it.

 

[mfgs]

I think you are right, I think I got it wrong.

 

[Best]

Yes, he meant total costs of his van per hour - i.e. Actual costs of depreciation, repayments, tax, insurance, servicing & parts & fuel bills.
Did seem excessive to me at first, but he lives in a north coastal area & would probably often have at least a 100 mile round trip for, say, Belfast, where there is more work.

 

[kris]

I bought my van out right for £8000 so i diveded that by 5years because if i was to take it on hp then we have to cover not only the running costs but the cost of the vehicle. But my calcs are only fir my circumstances as each persons amounts will be different . Now il have to start saving for a newer one in a few years time.

 

[Phil]

6 years ago I bought a low mileage Combo (22k) for about £3600. I still use this today and do around £20 diesel a week working everyday. Service it myself and MOT seems to come in around £180 a year.

 

[WaterTight]

all i know is if i find myself with the time and energy left over to work it out - let alone catch up with my accounts, my washing or even my sleep - i probably won't be able to afford whatever the hell it costs.