Finding last year's season ticket prices (considering 'Changeover')

[deoiub]

I'm in the unfortunate situation where my place of work is moving from London to Milton Keynes. I intend to work for the company through the fall, and I'm attempting to evaluate my travel costs involved.

I live in south London and currently have an annual season ticket for Zones 1-4 valid from 14/11/2012 -> 14/11/2013. Purchase price was £1,672.

I now need a Milton Keynes -> All Zones Season Ticket. (I'm aware of the cheaper/slower option via Olympia, but not interested).

Current costs for that ticket are: £528 Month / £5,500 a year.

I understand that the refund value of my current season ticket is based on a 40week pro-rated basis, and calculate my current residual value at about £668, after 24 weeks of use (16/40 * 1672).

I am wondering how to figure out what the cost would be to do a 'changeover' on my current season ticket to the MK->All Zones ticket. I have read up that this might be my best option, and would happily hear pros/cons feedback on this choice.

I think this requires me to know the cost of that season ticket as of 14/11/2012, and then do some sort of maths (unsure what)?

Any help?

Cheers,
Duane

 

[yorkie]

See Changeovers and Calculation of Refund Value for Season Ticket Changeovers

As for the old fare, I can look it up in an hour or two, but someone will probably beat me to it!

 

[barrykas]

A Milton Keynes - London Zones 1-6 Annual issued in November 2012 would have been £5280.00.

Assuming you meant that the original ticket was valid from 15/11/2012 to 14/11/2013 (there only being one 14/11 in a year), here's an example calculation based on a change-over effective from 01/05/13:

Base rate for original ticket : £1672.00 / 365 days = £4.58 (rounded to nearest 1p)
Base rate for new ticket : £5280.00 / 365 days = £14.47 (rounded to nearest 1p)

Number of days from 01/05/13 to 14/11/13 : 198

Credit due on original ticket : £4.58 * 198 = £906.84
Charge for new ticket : £14.47 * 198 = £2865.06

Additional payment due : £2865.06 - £906.84 = £1958.22

HTH,

Barry

 

[deoiub]

Thank you both for your help on this, and I'm happy to read this.

Hopefully I won't have any problems having the changeover issued.