Cowie Interleasing's latest 'Company Car Comparisons Guide', which details list price, fuel costs and pence per mile running costs - which also incorporates finance, insurance, maintenance and repair costs - for 1,500 vehicles highlights how vehicles which have a low list price can be more expensive to operate than higher priced cars.
The £6,920 SEAT Ibiza 1.0 CL compares well with the £8,060 Citroen AX 1.5 diesel, or the £8,146 Rover 100 111 SLi, the £8,145 Vauxhall Corsa 1.5D or the £9,100 Nissan Micra 1.0 LX. But as higher depreciation, fuel and maintenance costs take their toll, the SEAT works out to be the most expensive to run at 18.91p a mile, while the Citroen, at 17.41p a mile, is £900 cheaper over 60,000 miles.
Cowie Interleasing managing director Neil Pykett said: 'Understanding the running costs of small cars is particularly important in the public sector where more than 60% of the market falls into his category. For organisations running large fleets of cars, a bad choice can cost many millions of pounds more than the right one.'