5 ms·

And the cost of financing, which is highly variable based on the individuals credit worthiness.

• craftyguy 7y ago
  Or folks may not require any financing. In which case, the model 3 is even more cheaper per mile than the camry.
  • mlyle 7y ago
    Time value of money applies whether you need financing or not.
• crispyporkbites 7y ago
  If you’re financing a new car and worried about the cost of ownership, you should probably think about the reducing the biggest cost with a new car on finance. I.E don’t buy it using money borrowed from someone else.
  • stocker 7y ago
    That depends on the interest rate, I usually qualify for near zero rates, my last loan was something like 0.9%. When an index fund can return more than 5% in recent years it makes more sense to finance the car and leave the cash in the market. I can't think of a situation where the cost of ownership isn't considered, you should always consider what it costs to own any object. Even the ultra-rich will shy away from vehicles due to running costs, re: Bugatti tire change cost.
• astura 7y ago
  Cost of taxes are highly variable too. Not just sales tax, some jurisdictions apply yearly property tax to vehicles.