Hacker News new | ask | show | jobs
by bluGill 91 days ago
it depends, but for the average driver who in the US is doing about 14000 miles per year the savings will be less than $200/month. that barely covers insurance and taxes leaving little for the rest.
1 comments

Where are you paying $200/month for insurance and registration? For a $20k car?
Insurance and taxes are about $100 on my 25 year old truck. I replaced it (fuel tank rusted off) a month ago so I don't know what it is on a 20k car yet. There isn't much you can maintain for $100 a month. That 20k car is several hundred a month and mowt people replace them when paid off.
Is that a lot? I pay less than that for full coverage on two cars and liability only on one.
That's more like it. Yes $200/month for insurance and registration on a $20k car is a lot.