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> that average US households are paying $250 in gas per month Gas is definitely not the only expense to driving. Amortization of the vehicle value, insurance,
by ncallaway 7y ago
> that average US households are paying $250 in gas per month
Gas is definitely not the only expense to driving. Amortization of the vehicle value, insurance, and maintenance are all costs that you have to consider as part of vehicle ownership (or leasing).
If Origin were the difference between someone owning and not owning a car, it would be pretty easy to get to $5k. As you noted, $3k per year for gas. Another $1k for vehicle insurance. Another $1-2k for the value of the vehicle.
- MandieD 7y agoCalculated cost of purchasing and operating a used Ford Focus wagon for 7 years and 124600km, minus what I sold it for when it looked like it needed a new transmission: 36k EUR, or 0.29 EUR/km. Given Germany's allowed tax deduction of 0.30 EUR/km for long commutes or charity work, this was a relatively inexpensive car to operate. I could have optimized even more by dropping my high-deductible comprehensive/collision down to liability-only after the first two years. Despite Germany's really high fuel taxes, fuel was only 27% of the cost. Details: https://mandie.net/2018/11/08/good-news-my-cars-transmission-is-failing/ https://mandie.net/2018/11/08/good-news-my-cars-transmission...
- ncallaway 7y agoThat's awesome! Thanks for the link. I've been meaning to track my actual TCO for a vehicle, but I've always been too lazy. Appreciate you sharing.
- MandieD 7y agoMany thanks are due to my husband, who first started me thinking that way about cars when I was selecting this one, mapping out the estimated running costs of various used cars I was willing to consider, and then getting me into the habit of writing down the mileage for each tank. Writing down the average liters/100km the car displayed for each tank gave me a good general feel for how much fuel it really used for various situations. Driving 220 km/h to Frankfurt for an emergency flight home? 14 l/100km (do NOT recommend, but hey, I got on that plane and had that last week with my mom). Normal Autobahn speeds down from the Austrian Alps? 5 l/100km. Speed or Stau (traffic jam) Autobahn traffic that's the usual situation in Germany and helped convince me that I really do prefer German trains, despite some schedule problems? 6.5 l/100km.