10 ms·

Wow, I was floored by the average cost of ownership. Mine is nowhere near that low: 1. $0. I don't have payments is 15 years old, so it's not depreciating sign

by vkjv 12y ago

Wow, I was floored by the average cost of ownership. Mine is nowhere near that low: 1. $0. I don't have payments is 15 years old, so it's not depreciating significantly. 2. $1250. I fill up about once every two weeks. Old cars have less safety features, which me ans better fuel efficiency. 25 mpg. 3. $0. I've never had an auto loan. 4. $300. Old car and perfect driving record. Still have good coverage (uninsured motorist, etc.). 5. $500. Here's where an old car starts to bite. 6. $355. I have no clue so I'll go with what they said. Total ownership: $2405. That's not significantly more than riding the bus would cost.

MichaelApproved 12y ago
Fewer safety features /= better fuel efficiency. New cars, loaded with safety feature can get better fuel efficiency than 25mpg. Regarding the 25mpg, is that a recent calculation or are you going off the info sheet your car had when you purchased it. Unless you took excellent care of your car, I'd bet you're not getting 25mpg.
- mgkimsal 12y ago
  Not the OP, but... My car is 10 years old - 170k miles on it - I still get > 25mpg, and I calculate every fill-up. Long trips I get ~30mpg. Around town it's 26-28, depending on how much I use the AC and at what times I'm driving. Could I be off in my fill-up estimations? Possibly some now and then, but it's been pretty consistent for the last several years.
  - VLM 12y ago
    I've been driving for awhile, and as I think back on all the mileage related mechanical problems my 87 horizon had that would cause an insta ODB-II fail on my 14 toyota, I'm thinking OP is older-ish like me. My '87 was one of the last models with a carb (or am I thinking of the '81 ?) and it had a mechanical choke that would get stuck on a regular basis in the winter and the thermostat also broke / got confused. I think most of the time I was driving around with what on a modern car would be at least 2 or 3 engine code violations. It was reliable as in it always got me to work, but it was not economic or efficient and was usually broken at one level or another. Modern cars are just more reliable and self diagnose very effectively.
krschultz 12y ago
That's your TOC at the end of 15 years of owning the car. What was it in 1999 at the start? Personally, I wouldn't be excited about the fact that my car had fewer safety features. My friend used to extoll the virtues of owning a 94' Camry cost wise. All well and good until you get into a car accident. What do you value your own personal safety at? I put it way, way, higher than the cost difference between an old beater and a new highly rated car.
maccard 12y ago
How about parking? In Dublin (Ireland) where I live, you're paying 50/month (600 a year) euro for parking at home, AND then paying your daily rate of 45-50 a week for city centre parking.

by vkjv 12y ago

MichaelApproved 12y ago

Fewer safety features /= better fuel efficiency. New cars, loaded with safety feature can get better fuel efficiency than 25mpg. Regarding the 25mpg, is that a recent calculation or are you going off the info sheet your car had when you purchased it. Unless you took excellent care of your car, I'd bet you're not getting 25mpg.

mgkimsal 12y ago
Not the OP, but... My car is 10 years old - 170k miles on it - I still get > 25mpg, and I calculate every fill-up. Long trips I get ~30mpg. Around town it's 26-28, depending on how much I use the AC and at what times I'm driving. Could I be off in my fill-up estimations? Possibly some now and then, but it's been pretty consistent for the last several years.
- VLM 12y ago
  I've been driving for awhile, and as I think back on all the mileage related mechanical problems my 87 horizon had that would cause an insta ODB-II fail on my 14 toyota, I'm thinking OP is older-ish like me. My '87 was one of the last models with a carb (or am I thinking of the '81 ?) and it had a mechanical choke that would get stuck on a regular basis in the winter and the thermostat also broke / got confused. I think most of the time I was driving around with what on a modern car would be at least 2 or 3 engine code violations. It was reliable as in it always got me to work, but it was not economic or efficient and was usually broken at one level or another. Modern cars are just more reliable and self diagnose very effectively.

krschultz 12y ago

That's your TOC at the end of 15 years of owning the car. What was it in 1999 at the start? Personally, I wouldn't be excited about the fact that my car had fewer safety features. My friend used to extoll the virtues of owning a 94' Camry cost wise. All well and good until you get into a car accident. What do you value your own personal safety at? I put it way, way, higher than the cost difference between an old beater and a new highly rated car.

maccard 12y ago

How about parking? In Dublin (Ireland) where I live, you're paying 50/month (600 a year) euro for parking at home, AND then paying your daily rate of 45-50 a week for city centre parking.