After crunching some year-end numbers as I do with all my tax deductible possessions, i thought it would interesting to see what others spend on their XK per year.

Aside from tire balancing and alignments, I do all the work myself.

Here are my 2020 numbers:

miles driven: 14,700
maint + repair + upgrades: $1,760
insurance (1car, comprehensive): $1,560
gas (est. @ 15mpg, 3.1 $/gal): $3,040
joy of ownership: priceless

 

miles driven: 10k
maint+repair+fixing cosmetics that were messed when I bought it: $2400
insurance: $800
gas: $1600.

 

Bottom line... The biggest cost of XK ownership will always be depreciation.

 

We can always HOPE that these things do become desired classics in a decade or so. When you want a different fun car, stash the XK in a garage somewhere and forget about it for 10 years. Might be worth a ton later.
MIGHT

 

Whatever it costs, it's still cheaper and more therapeutic than a psychiatrist!

 

Thats a good deal on insurance! With all my speeding tickets I don't think I can ever get a rate that good lol.

 

I'm changing MIGHT to HOPE.

 

I put it under storage about 3 months ish a year but Yeah I'm very happy with the rate lol. Absolutely no tickets of any kind and my last claim was 4.5 years ago for vandalism.

 

I only count maitanance for car costs. I bet at I was at around 1K a year on the XK; maybe a little less?

 

Mine
Miles driven 5,200
Maintenance + repair + upgrades £2250 gbp*
Insurance (1 car comp with 15yrs ncd) £309 gbp
Gas (est. @ 23mpg 4.45 usd gal) 1000 usd
Total 5k USD but going forward should be circa half that pa
Smiles per gallon...priceless!
*inc servicing, road tax, Sc pulley, sc oil and diff oil change.

 

I got my car in January, so I've had it a little less than a year.

Miles drive: 3400
Maintenance + repair: $1700
Insurance: $1100
Gas (21 mpg at $2.60 a gallon): $421 (Costco for the win)

Typing this all out, I'm surprised the cost of ownership is this low for a car that's this fun. The maintenance and repair cost should go down starting next year since a big chunk of that was doing the diff fluid and trans fluid change.