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40p per mile ?
Where do you get that figure from ..its 45p per mile for the first 10,000 miles and 25p per mile thereafter...
I don't drive and so never claim for car use for work. It was 40p per mile for us when I last claimed anything (for bike use @20p per mile) years ago.
No idea what we pay now - if 45p is the maximum allowed by HMRC then we could well be still paying 40p per mile. Nobody here would ever rack up 10000 miles in a year of driving, so the lower rate would never apply to anyone I work with.
People actually work stuff like this out for their bikes
Only when someone else starts a thread on it.
I haven't been accurately choosing the bike type on Strava. This is a shame tbh as I could have had some interesting stats, especially on performance.
Easy to do if you have Strava and log rides against each bike. You just have to remember how much you paid for the bike.
People actually work stuff like this out for their bikes?
it's not like it takes more than a few seconds effort
it's not like it takes more than a few seconds effort
Not questioning the effort, more the reason to do it. I couldn't really give a flying **** what it costs, I love MTBing.
miketually - Member
MTB stuff does seem designed to last for a year at one 20 mile ride per weekend.
Sue's still on the same Hope Mono Minis that came with the bike about 10 years ago.
I've had one Shimano caliper and a lever go in the same time.
Same wheels, Mavic on Hope from Merlin.
Rear mechs average 2 years, but some just last forever.
Cassette, chain ,and grips and BB every year at least, chainrings pedals and saddles about two?
Tyres about a year.
Fork rebuild every three years or so.
Apart from that, replaceables and a posh set of carbon bars, that's it.
🙂
I get paid 20p per mile for commuting so that covers the cost.
People actually work stuff like this out for their bikes
I used to, yes, only roughly though.
I'd buy a bike, add accessories etc then work out how that compared to just fuel usage on the car. When I'd done enough miles to equate to paying for the whole bike, I'd sell it it on and buy another. So anything I got back was effectively profit. I don't think I ever went above £400 for a whole bike including all the accessories though, the last one was about £250 all in. There's no way I'd pay more than £400 all in for a commuting bike too.
For my fun bike (BMX) I work out its ROI based on time and what I earn every hour of the year: £4.66 gross. Therefore to pay back my £500 investment I need to ride it for 107 hours which will be about 1 year based on 2 hours riding per week.
With my commuter the only time I've worked out mileage cost is when trying to justify a posher bike...