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Where'd this $5000/car(/yr?) number come from? Total cost of ownership for a car is far less than that. You can only really get to $5k/year through very high de
by mwint 4y ago
Where'd this $5000/car(/yr?) number come from? Total cost of ownership for a car is far less than that. You can only really get to $5k/year through very high depreciation, and people buying those kinds of cars won't be riding your busses anyway.
Also, $100/hr to run a bus is probably a fine operating cost number, but you do have to buy the bus (capitalized cost) and take the depreciation hit just like cars.
- Karrot_Kream 4y agoLook at [1] and you see it's the average across the US. It's more expensive than that in many states. Unless you're discounting the purchase price/monthly loan payment/lease price. [1]: https://www.move.org/average-cost-owning-a-car/#data https://www.move.org/average-cost-owning-a-car/#data
- mwint 4y agoKey word there is probably average. Median would be more interesting.
- Karrot_Kream 4y agoNew Mexico is sitting at the median (spot 25, so not quite, need to average out the two middles) at $5,063.78.
- mwint 4y agoThe median of a list of averages is not the median of the population.
- Gordonjcp 4y agoI don't think I've paid (the equivalent of) $5000 for every car I've ever owned, in total.
- _hcuq 4y agoThe total cost of ownership includes gasoline, repairs, insurance, road tax as well as depreciation. The $100 per hour includes the cost of buying the bus.