[soorya3]

Basically total cost of ownership has gone up! If you add up, Purchase Price + Repair Cost + Gasoline Cost. Not to mention, sale tax on each of the above (Higher the cost, Higher the tax).

Having no car, or maximum 1 car per family is probably a best option.

[abtinf]

I bought two new cars 10-11 years ago.Both Toyotas. Neither has ever needed a repair that wasn’t my fault or normal wear (batteries, oil, tires). When washed and cleaned, they almost feel like new again and I wouldn’t be surprised if they are still in great condition years from now. I believe my experience is fairly typical.

Both were purchased with 72 month loans at negligible interest rates.

So for years now, my marginal cost of driving has been basic maintenance, insurance, and gas. The only fixed cost are government taxes.

I’ve thought about buying a new car over the years. But every time I look, it just doesn’t make sense to do it. They have less space inside, touchscreens, privacy invading sensors, high price tags, higher interest rates, higher taxes, and higher insurance rates.