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You're still paying >$5k? for something you apparently barely use at $25 gas per month. That is a lot of dollars to soothe anxiety.
by revelation 9y ago
You're still paying >$5k? for something you apparently barely use at $25 gas per month. That is a lot of dollars to soothe anxiety.
- s0rce 9y ago25$/month, assuming 35mpg and $2.75/gallon, is 320mi/month, that's a lot of trips to the grocery store or a trip to go skiing/vacation for a weekend. Might not be cheaper than rentals but depending on your situation it can be much more convenient and not much more expensive.
- nostrademons 9y agoProbably about $2.5K/year all-in, once depreciation and maintenance are included. Maybe $25K total. I don't consider that to be all that bad. My car has about 30K miles on it, which is ridiculously low for a 9-year-old car, but that's the virtue of living 2 miles away from work, biking in the summer, and walking to the grocery store. Lyft prices in the SF/BayArea are $1.21/mile, so just on mileage, I would've paid $36K. Add in the $2/trip base fair, $5 minimum, and any surge pricing or time waiting, and it could add up to $50K very easily, double what I've spent on my car. People look at $16K for a car or $3k/year and think "those are big numbers", but it turns out that spending $10/day on individual transportation rides adds up very quickly, such that you end up paying way over what the large capital expense would've cost. When I was working in downtown Boston, I did a hybrid car/train commute, and it easily added up to that ($5 parking at Alewife + $2.50 for the train each way) - it was still cheaper than driving, but only because parking in downtown Boston is ridiculous.