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Cars cost more than that. If I had a choice between a second commuter car or $200/month of ubering, the ubering would be cheaper. Car ownership in the bay is
by woolvalley 8y ago
Cars cost more than that. If I had a choice between a second commuter car or $200/month of ubering, the ubering would be cheaper. Car ownership in the bay is something like this:
* $100-500/month car payment or depreciation
* +$100/month in gas
* $60-120/month in insurance
* $100/month in amortized maintenance costs
= $360/month minimum base cost
And if you work/live in SF or need to go over the bridge:
* $100-200/month in parking space rent
* $100/month in toll bridge costs
Plus adhoc parking costs as you use your car.
- rimliu 8y agoWow. My costs: 300€/month payment which includes insurance. 60-80€ a month for gas. And mind you it’s expensive there ~1.2€/liter ~30€/month mainatence. 2/3 of it comes down to change and storage of winter/summer tires (winter tires are mandatory).
- woolvalley 8y agoI said amortized maintenance, so when you have to replace that $300 part and pay $100-$300 in labor to do it, that is part of the bill spread over a year. To me repairs are an inevitable part of car ownership, so I put in the maintenance category. Not just replace your oil and swap your tires type maintenance. Maybe a year or two you'll have no repairs, then get a $1500 repair bill because a water pump broke, and some asshole who breaks your car window to steal nothing, leading to $2000 of 'surprise' repair costs that year. Also if you buy a used car for $15k, then sell it 5 years later for $9k, that is equivalent to a $100/month car payment, which I call car depreciation.
- rimliu 8y agoMy numbers do include repairs, which was 0 euros. I also have an insurance which would cover asshole scenario.