I want to say that that $950/month figure is largely a function of the initial cost of the car and the lifetime of the car. My current car is a 2009 Honda Insi

I want to say that that $950/month figure is largely a function of the initial cost of the car and the lifetime of the car. My current car is a 2009 Honda Insight that I got in September of 2009 (149 months ago). Its original price was about $19,000. Since then, my total expenses for it have been $13,022.22 for it - including gas. This gives $215/month. In the before times, my average milage per day was 39/day and I currently have 144,998 miles on it. Car insurance is a bit hard to pin down since its part of my general insurance. Let's call it $150/month though its probably lower... that only brings us to $365. There are people who get much more expensive vehicles, and there are those who treat them poorly or feel the need to get a new one more frequently than I do or have other considerations that makes that car insurance much higher. I would still claim that the $950/month is a bit high. --- Your number appears to be based on a similar calculation of https://www.ratehub.ca/blog/what-is-the-total-cost-of-owning-a-car/ https://www.ratehub.ca/blog/what-is-the-total-cost-of-owning... The numbers that differ most for me on that are the car insurance and finance payments. I purchased my car without financing - it was completely paid off on day 1 - that means that the interest costs of financing aren't factored in. My car insurance is less. The gas price that it uses of $145/month is closer to $80/month... and I haven't had any parking fees (which appears to be largely city dependent).