3 ms·
Assuming you buy a cheap Corolla that lasts 200k miles without major repairs you are looking at $0.125/mi, gas at $4/gal and 32mi/gal is the same putting you at
by Guvante 3y ago
Assuming you buy a cheap Corolla that lasts 200k miles without major repairs you are looking at $0.125/mi, gas at $4/gal and 32mi/gal is the same putting you at $0.25/mi.
Given Uber pays $0.63/mi you are giving up half of your income to your car.
When people say that you are paying in depreciation they are talking about more expensive cars. A $60k car that can go 150k miles and a 24 mi/gal fuel economy turns it into a $0.56/mi cost.
- thfuran 3y agoNo major repairs and no routine maintenance?
- Guvante 3y ago200k miles is what $1k in maintenance? I was listing it but it was a rounding error. I felt like 200k is also before major repairs for the types of vehicle you would want for this. If you had $9k repairs and $1k of maintenance it would be 0.05/mi of cost but the former seems padded for a $20k vehicle.
- thfuran 3y ago1k for 200,00 miles? I think you'd probably spend more than that on just tires, and that's not counting the oil changes, probably multiple brake replacements, and likely a few belts and some struts.