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Just a note from someone who moved from NYC to a suburban area a few years ago: a car doesn't cost that much (as I thought anyway). Outside of the fixed costs,
by samspenc 8y ago
Just a note from someone who moved from NYC to a suburban area a few years ago: a car doesn't cost that much (as I thought anyway). Outside of the fixed costs, insurance is about $70 a month, and gas at $60 a month, so that's about $130 in total a month, just a bit over the $116 in unlimited train rides in NYC. (And yes the fixed costs are much higher, I will admit.)
- CydeWeys 8y agoYou're forgetting the actual cost of the car itself, plus maintenance. The average monthly auto payment in the US is sitting aroudn $500. If you buy the car up front with cash, then you need to count the opportunity cost of that money over time, and depreciation. And then there's also registration, emissions testing, annual inspection, and other miscellaneous fees that vary by jurisdiction, but that can easily cost hundreds per year in total.