|
|
|
|
|
by Robotbeat
2607 days ago
|
|
What about a $10,000 used car you buy with 50,000 miles and run until a good 150,000? That's just 10 cents per mile. Depending on the make, the repairs may not be much, either. I've bought $500 cars before. Didn't last too long (it was a nice car, but it was an interference engine and broke the timing chain), but averaged 10 cents per mile. People who spend 45 cents per mile are the type who lease their cars or buy new cars regularly. Lots of us out here make do happily with far less. |
|
https://www.mrmoneymustache.com/2011/10/06/the-true-cost-of-...
Now, I will admit that it is possible to bring your cost per mile down somewhat. That’s one of my own specialties, which is why I still keep a car of my own around for affordable family roadtrips. If you buy the right car for $5,000, you might be able to squeeze 100,000 miles out of it with no major repairs. In this case the car depreciation is 5 cents per mile.
Gas, at $3.50 per 35 miles (assuming 35MPG), is 10 cents/mile Tires, at $300 per 50,000 miles are 0.6 cents Oil, at $25 per 5,000 miles is 0.5 cents Miscellaneous things like wipers and occasional maintenance visits: $200 per 20,000 miles = 1 cent
So the ultimate cheap driving in a paid-off economy car still costs at least 17 cents per mile.