3 ms·
And don't forget this bit - "By comparison, car ownership cost $11,783 per year, most of it depreciation." He's including what is basically an accounting measur
by turc1656 8y ago
And don't forget this bit - "By comparison, car ownership cost $11,783 per year, most of it depreciation."
He's including what is basically an accounting measurement, not an actual out-of-pocket cost!
I wonder what his "savings" would look like if he used only 1 car for himself and didn't get to write off $500+ a month in depreciation.
- nealmueller 8y agoHi, Neal here, author of this analysis. You are right, it was an accounting measurement, until I sold the car, then it became a real pocket expense because I sold the car for less than I bought it for, and in that moment it was a measurable cost. I sold the cars before doing this analysis, and included the sales price in the analysis.