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The resale value of the car, insurance (even if you don’t do pay per mile, insurance quotes are generally going to have some basis in miles driven per year), an
by wbsss4412 4y ago
The resale value of the car, insurance (even if you don’t do pay per mile, insurance quotes are generally going to have some basis in miles driven per year), and maintenance are all directly correlated with miles driven. So, while these are often treated as sunk costs, that is due to improper accounting.
So, to reiterate, the cost of driving is much more than the cost of gas.
- bluGill 4y agoAge of a car is the largest factor of value, not miles. Used to be cars wore out in 70,000 miles, but the 1970s are long gone. Yes miles lower the value of a car a bit, but not much.