| Really? do you want to see every little receipt from the GP? I'll give a rough cost with my small sedan pre-pandemic - Gas every 2 weeks (30 mile commute to work), fillin up the car is about $60. so $120 for gas. 120/month is 1440/year - DMV costs are $150 a year - car wash every few months. Let's make it monthly and more expensive than my actual washes. $50/month, 600 a year - oil change every 3 months or so (probably less, but let's be conservative here). $70/quarter, 280/year. - occasional repairs due to being an old car. sporadic, but let's throw in maybe $300 a year total. - Finally, $100/month for insurance. $1200/Year. so, ~4000/year. Given that that was a daily commute along with other short travel, it's cheaper than the idea of relying on taxis. Even if it was as cheap as $10/ride, it'd cost $4800/year to get to work alone. For my commute, it'd be more like $40-50/ride. Not even close. ofc the rub here is that these are the costs for a paid off car, so if you don't own a car you need to factor in car payments, or the one time cost grabbing a used car. I grabbed my car for $5k before the car market (and every other market) went to hell, so it still very quickly paid for itself. |
A new car is $40k, a 10 year old car seems to go for about $10k, so say $3k a year. So with a brand new car, still getting "around" that $6-7k a year.
Or to put it another way - at some point it HAS to be cheaper to own, because someone owns the car that is driving you around!