3 ms·
Average commute distance is 20 miles or so. At $0.25 per mile in depreciation, maintenance, gas, etc... you are spending about $10 per trip. With 260 work days
by foxyv 7y ago
Average commute distance is 20 miles or so. At $0.25 per mile in depreciation, maintenance, gas, etc... you are spending about $10 per trip. With 260 work days in the year that costs the average American about $3,000 extra at a minimum. If you make less than $30,000 a year that is 10% of your budget gone before even rent is calculated.
In states with higher road taxes and fuel prices, and if you drive a less economical vehicle, that figure can get as high as $10,000 pretty quickly. I'm always surprised at poverty level families driving vehicles that cost them 25-40% of their yearly income. Often they have to use Uber and Lyft to help cover the car's cost and end up depreciating it even faster.
Imagine, being a slave to a freaking car.