Step 1 - Purchase Costs Type of Purchase Outright Purchase (no finance required) Hire Purchase or Loan Personal Contract Hire Lease Details (Please Check): You bought the car outright without the need for any finance or lease agreements. You bought the car using (or partially using) a loan or standard hire purchase agreement. At the end of the finance term the car is yours outright. You bought the car on a contract agreement whereby you have a monthly payment for an agreed period (usually 36 or 48 months) and at the end of the agreement, you have the choice to purchase the vehicle for a predefined 'balloon' payment amount, or hand the car back to the garage at no further cost to yourself. You pay a monthly lease for the vehicle for an agreed period and then hand the car back at the end of the term. Original purchase price of car £ Total deposit (including part exchange value of previous car) £ Monthly repayment amount £ Total finance period length years Will you purchase the car at the end of the finance or hand it back? Purchase Return years Balloon payment amount to purchase car at end of term £ Total time you intend to keep the car years Estimated resale value after years The accepted average car depreciation rate is roughly 15% per year. £ * The accepted average car depreciation rate is roughly 15% per year. Step 2 - Running Costs Miles per Gallon (mpg) miles Price of petrol per Litre pence Current Prices in DerbyUnleaded - Highest: 139.9p - Average: 135.9p - Lowest: 133.7pDiesel - Highest: 142.9p - Average: 140.2p - Lowest: 137.7pSuper Unleaded - Highest: 149.9p - Average: 144.5p - Lowest: 138.9pLPG - Highest: 70.9p - Average: 70.3p - Lowest: 69.7p Annual Road Tax £ Annual Service £ Annual Insurance Premium £ Annual Breakdown Cover £ Annual Repair & Maintenance Costs (tyres, brakes etc.) £ Monthly Parking Costs £ Step 3 - Usage Annual Mileage miles How many days per week on average do you use your car? days Step 4 - Affordability Monthly take home pay (after tax) £ Results Your car is costing you... per year per month Your car costs you about % of your pay! per week per mile For every £ that you earn, you spend £1 of this on motoring! per day of use