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Cost of motoring, increases, figures etc.

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  • 02-04-2008 2:46pm
    #1
    cavanmaniac
    Registered Users Posts: 345 ✭✭


    Peoples, would anyone know of a good resource for charting the rises in cost of motoring over the last five years, including fuel prices, tax increases and so on? Or does anyone have a 'depreciation per mile' reckoner for various cars or something like that?

    I've been offered a mileage expenses rate for work that seems a little on the low side when you factor in all the extras and am just trying to compute how large, or little, the perceived shortfall might be.

    Appreciative of any help out there....


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    #2
    -Chris-
    Closed Accounts Posts: 12,035 ✭✭✭✭-Chris-


    Petrol Prices Archive
    http://www.aaireland.ie/petrolprices/

    Road Tax rates are all available online - changed in Feb and before that hadn't changed for years

    Servicing costs depend on the make/model, but should be pretty easy to work out:
    Call your servicing garage for ballpark servicing/brakes/timingbelt pricing
    Call Advance Pitstop for tyre costs

    Depreciation is the hardest one to work out, find out what your car is worth now compared to what it was new. Extrapolate a depreciation figure. Check your extrapolation against a few cars on the internet. Build in a bit of leeway as internet cars are probably listed with too high a price.

    Alternately, contact a fleet/leasing company and ask them for a quote for your car based on your mileage. They'd be pretty accurate, it's their business.


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    #3
    Balfey1972
    Registered Users Posts: 811 ✭✭✭Balfey1972


    Cavanmaniac,

    Whatever the difference between what you are given rate wise by your employer is subtracted from the civil sevice rates. If there is a shortfall you can claim this back as tax credit. If you are paid more you will have to pay tax on the additional monies incurred. You have to keep a detailed log of your miles / who you visited and where. Travel to and from work cannot be included. You can also include depreciation costs , servicing etc when you submit your tax return. You will be again allowed a tax credit on this as you are incurring additiona costs as a result of using your vehicle for business.

    Hopes this helps.

    good explanation of current rates etc here.
    http://www.isme.ie/services-page17394.html


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