Breakeven on Mobility

Thanks! Since you only rent cars 5 times a year and drive 2,000 miles annually, let's compare renting vs. owning more accurately.

1. Renting Costs (Current Situation)

• Car rental: 5 times/year × £200 = £1,000/year

• Uber/Public Transport: Varies, but let’s estimate an additional £500-£1,000/year

Total yearly cost: ~£1,500 - £2,000

2. Owning a Car Costs

Fixed Costs (Annual)

• Insurance: ~£800/year

• Road Tax: ~£180/year

• MOT & Maintenance: ~£500/year

• Depreciation (assuming 50% loss in 5 years): ~£1,000/year

Total fixed costs: ~£2,480/year

Variable Costs (Driving 2,000 Miles)

• Fuel (~£0.15/mile): £300/year

• Repairs & servicing: ~£500/year

Total yearly cost of owning: ~£3,280/year

Break-even Analysis

• Renting + Uber costs you ~£1,500-£2,000/year

• Owning costs you ~£3,280/year

💡 Conclusion: Renting is cheaper for you.

Buying a car would only make sense if you rented 16+ times per year or drove at least 6,000 miles per year. Otherwise, continuing to rent and use Uber saves you ~£1,500 per year.

Imported from rifaterdemsahin.com · 2025