[whytookay]

I think it depends on your parking circumstances too. I know that in the city I live in, the average monthly parking is $250 (probably higher near where I work)

Additionally, many apartments and condos in the city charge $100 per month to have a parking spot.

Right there you're increasing your car ownership costs by $4200/year.

Also, the model of buying burner cars is fine in certain circumstances, but many people aren't willing to deal with that additional overhead in car ownership.