Scientists don't earn much money because their work is often
interesting and therefore popular enough to counteract any rarity value
for a Ph.D. Some of us might think that initially purchasing a car is
expensive, but in my experience, the maintenance adds 50% to the
purchase price, the fuel costs add more than 100%, and the loss of
earnings from not having the money invested costs more than
anything else. Some people take out loans to make their cars even more
expensive, or worse, sell each new car after just three years where the
deflation rate induced losses would be even higher because you would
have needed 5 new cars over the 15 years. It takes time to buy a car, to
take it for MOTs, for servicing, new tyres, body repairs etc. but this time
was not costed (car drivers like wasting their lives sat in traffic jams too).
I have taken conservative assumptions throughout and not recorded all repairs so this is the
minimum cost. My old Nissan Primera was a great British-built car, but
now I have bought a foreign-built Dahon Vitesse 7 folding bicycle which
was GBP 300 from Evans cycles
and, at least in the Summer of 2007, I am carless again.
To be completely truthful, the car actually cost twice as much to buy as stated here because the Provisional IRA managed to swindle the original buyers out of their first paid-for Primera in some kind of disappearing company trick but that is another story and the second car ordered from a local garage arrived later and is the one detailed here.
A consumer organisation called Which did their own calculations and came up with a figure of over five thousand pounds (GBP 5000) per year to own a car. The AA calculates that it can cost over 2 Pounds per mile to run a new car less than 10,000 miles per year.
We need to move to the European fuel economy measure of litres per 100 Km because miles per gallon seems simple but is actually very misleading especially in The USA.
|01/06/1994||175||24,000 mile service||24000|
|01/01/1995||60||Tyre and alignment|
|01/05/1995||264||Service, engine work and MOT||35386|
|26/09/1997||779||Tyres, exhaust, brake disks, suspension|
|01/06/1998||256||B Service – spark plugs and connecting rod|
|01/06/2000||153||Level 2 Service||79000|
|01/06/2002||423||MOT and Service||97633|
|01/06/2003||143||MOT and Service||102571|
|01/06/2004||268||MOT and Service||106844|
|01/06/2006||348||MOT and Service||117091|
|1992 Car purchased||10450||0|
|Cost of a gallon||3.18|
|Cost of a litre||0.7|
|Total Road Tax||2317|
|Loss of interest||14189.64|
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