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by beatgammit 2785 days ago
Wait, your car costs $10k/year?
4 comments

If op has a 5 year loan on a $40,000 car + taxes + insurance + repairs... that sounds about right.
I'd assume after the 5 years you still have the car, or at least sell it for something rather than scrap.
This is a great bit of insight that most don't get. I'll be making a total cost of ownership site soon to show how all of these details affect true cost of a car.
My husband and I did some of those calculations when we were considering my next car seven years ago.

Result: I ended up not considering anything less than three years old, and am still the content owner of an off-lease diesel 2008 Ford Focus Turnier (station wagon), about to have a new timing belt put in. My cost per kilometer would have been lower had I been confident in my manual shift driving capabilities (at the time, no; now, yes) and had eschewed luxuries like leather seats and the larger engine.

Cost per km over the past seven years: 0.334 EUR Average cost per year (not considering that I've dropped my driving from over 20T to under 8T km/yr): 5826 EUR

But I've not looked at it from an inventory perspective; it does spend an awful lot of time sitting in our garage ever since I switched offices and now carpool with a colleague who loves driving his BMW and is delighted that I give him 10 EUR/wk for gas and peer-pressure him into leaving for work at 7am :)

I was actually thinking of doing just this since I'm going to need a new car soon.

I'm basically trying to compare EVs, hybrids, and gas cars. It would be especially interesting to base data on historical TCO for various brands.

Not if it sits in the garage that whole time.. wait
Makes sense.

I'm not a "car guy" and my car cost ~$10k used a few years ago, so I thought perhaps that your math was off. But if cars are your thing, I totally get it.

No, the day wasn't over when I posted that.
Could be a brand new Tesla Model S