Fleet News Online's running costs database allows you to search for benchmark pence per mile (ppm) costs and other important factors such as carbon dioxide emissions and insurance groups across more than 4,000 popular fleet cars.
To begin your search select the manufacturer, model and operating cycle from the dropdown boxes above.
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Explanation of terms used in this section
- Delivered price/P11D value -
The manufacturer's UK list price for the car including VAT, delivery charges and number plates, but excluding road fund licence and Government £38 first registration fee. This is also the P11D value for benefit-in-kind tax purposes.
- Depreciation -
The pence per mile depreciation figures are based on the projected difference between a car's list price and its CAP Monitor residual value forecast. The figures are VAT-inclusive to take account of the fact that VAT is blocked on company cars that have an element of private use.
- Maintenance (SMR) -
The projected cost of keeping the car in good repair. All calculations are based on normal driving over a variety of road conditions. It includes two sets of front brake pads, one set of rear pads and one set of front discs. It is assumed the vehicle will require six tyres over the standard three year/60,000 mile cycle, but lower or higher mileage will affect this.
Premium brands are used for replacement costs. Clutch replacement is included at between 75,000 miles and 100,000 miles, although sports vehicles have earlier replacement. Parts are priced at retail less 5% to 10% discount rate. Labour rates are based on the national average. VAT is not included in the calculations. All calculations are based on recommended service intervals.
- Residual value -
The residual value forecast comes straight from CAP Monitor Future Residual Values, the UK's leading source of residual value projections. Depreciation takes the biggest chunk of a vehicle's wholelife cost - as much as two-thirds in some cases.
- Target contract hire rate -
The target rate is created from the depreciation and SMR cost over a vehicle's lifecycle. This provides a benchmark for negotiations, bearing in mind that leasing companies will receive discounts on vehicles and therefore have to bear less of their fall in value. Aim to undercut the target rate, but don't pay more unless extra services are offered. Leasing rate includes maintenance, but not VAT.
- Fuel -
Calculated using combined cycle consumption figures and based on a projected average pump price for the duration of the period under review. The pence-per-mile figures are VAT-inclusive although most companies can recover VAT on fuel used for business journeys.
- BIK % -
Under the carbon dioxide-based company car tax regime a company car driver's benefit tax charge is based on a percentage of the P11D value of the car determined by its CO2 emissions. The figure in this column represents that percentage of P11D value used to calculate the benefit charge in the 2006/07 tax year. The actual figure will be based on the CO2 reading that appears on a car's V5 document.
NB: These figures are for benchmarking purposes only. Definitive figures for your fleet can only be calculated based upon actual operating experience.