106 Rallye sold – cost analysis

Only a week ago I mentioned that the 106 Rallye was for sale – tonight Diane and I waved it goodbye. It’s off to bonnie Scotland, a long trip for the new owner (I hope it’s okay!).

Peugeot 106 Rallye S2

Some very rough cost analysis:

We had the car for almost 5 years, and just over 40,000 miles. We paid £2,900 for it and sold it for £1,400. That’s only £25 a month in depreciation!

We had it serviced annually. Initially we had a garage do the work, but in later years I did it. Say £400 in servicing. I think we bought six new tyres, at about £40 each. There was a major head gasket and timing belt job – £800. We replaced the brakes – this was remarkably cheap at about £100. There must have been other stuff – say around £2,000 total including MOTs, or £35 a month in maintenance.

RFL averaged £175 a year, insurance averaged £400 a year (latest renewal was under £300). It averaged 30mpg (over 40,000 miles @ 90p/l) = £5,300 in fuel. Don’t forget this car was pretty rapid! Mainly used for short journeys too.

So, all costs including fuel and depreciation, total spend over five years and 40,000 miles was about £13,250. Which is £220 a month or 33 pence per mile.

Is my maths right?!

2 comments so far

  1. Paul Stewart on February 1st, 2009 14:21

    Scotland in a 106, now that’s a road trip.

  2. Neil Mukerji on February 1st, 2009 14:55

    Right to the top of Scotland apparently!