Interesting reading, but the calculations for total cost per year are wrong
They are missing the fact that at the end of the 3 years you are left with an asset
They have calculated the depreciation as 1100 per year for the VW up, so left it with an asset value of (8000-3300)=£4700 or £1566 per year
So using their calculations I believe the True cost per year of ownership is (5752-1566)=£4186
Similarly they have made the same mistake with the focus (7000-4200)=£2800 or £933 per year
So True cost of ownership is (6408-933)=£5475
This makes a £1289 difference per year and puts into context why the new Up! is an excellent choice and worth me giving up size of car for economy.
Also worth noting that this articledoesn'trecognise that the UP has a full 3 year warranty, where as the focus has no warranty and mechanical parts will wear during the 3 years (eg brake pads maybe)
I realise there is an allowance for replacement tyres/parts, but is this enough? What replacement parts will the Up require in 24,000 miles?
Edited by: kg149