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> I own my car outright. Calculated, it costs me roughly ~2500 a year to keep it, Does that include depreciation? Even if you own the car outright, it seems to

> I own my car outright. Calculated, it costs me roughly ~2500 a year to keep it, Does that include depreciation? Even if you own the car outright, it seems to me that a proper cost accounting should include the cost of eventual replacement of the car. > On the other hand to take an uber/lyft "only" to-and-from work each weekday Yes, I think if your daily commute depends on a car, ownership is the most cost effective model. But an increasing number of people are finding ways to commute in other ways.

xur17 7y ago
> Does that include depreciation? Even if you own the car outright, it seems to me that a proper cost accounting should include the cost of eventual replacement of the car. I did a similar calculation and found it cost me ~$2k, and this includes depreciation, car insurance, opportunity cost (funds would be invested @ ~8% return if they weren't locked in a car - this accounted for ~40% of the cost), registration, regular repairs, and depreciation. If you have to pay for parking and tickets, this math changes pretty dramatically.
chank 7y ago
> But an increasing number of people are finding ways to commute in other ways. Outside of LA/SF & NYC and maybe Chicago are I wonder what other ways people are looking to commute. Mass transportation even in my own city doesn't service enough areas to be in any way convenient. Biking in most cities (there are a few good ones for it) is just right out in most places due other traffic. I just feel that the people who write these kind of articles can't see beyond where they are, which is probably in one of the aforementioned cities and think the rest of the US is similar.