NoOp wrote in news:7207a2d3-1d51-44e7-846d-
2011 GT: $40,000.at 7% over five years, $48,000/$9600.00
Not including taxes, gas consumption fee, etc.
Insurance in a city: $3000.
Gas: $3000.00 (roughly)
$17,000 or so per year.
However, if you buy collector car ins. you can cut the insurance cost to
1/10th of normal.
All of this seems to assume that you keep the car only as long as the loan
is in effect.
TFrog and I have just celebrated 17 years together. Spreading the initial
cost of the car (>$17K) and all other related expenses over that time span
reduces the annual cost of ownership greatly. So that's the key - buy the
car and just hold onto it. Trading in every four years is a financial
Wow. You've had NO repairs done to the car in 10 years? That's impressive.
And original tires, too? Brakes? Or do you just not drive the thing?
I've spent anywhere from $500 to $2,000 every year, just to keep the Frogs
on the road.
There is a difference between "repair" and "maintenance".
Consider parts regarded as "sacrificial"... These would include any and all
"normal wear" parts.... including brake pads and rotors, ball joints, tie
rod ends, tires... care to keep on going?
Maintenance is something you do to avoid costly repairs (sounds like a
conumdrum - don't it?). Maintenance is something we do when it is
convenient. Repairs are something we do when we should be somewhere else
doing something else.
When something is broken - we repair it. When something is worn out, we have
neglected proper maintenance.
Thanks, Jim, and agreed. But I would expect a 10-year-old car to need SOME
sort of repairs over its lifetime. I know that Mustangs are magic cars, but
things still break from time to time.
But... if an alternator wears out, is that a repair or neglected
maintenance? Perhaps it's just a sacrifice. No matter whether it's a repair
or maintenance, owning a car is never "free." I expect the unexpected (parts
break or crap out), and try to pay attention to the periodic maintenance
needs of the cars, and hope that the next failure won't be a truly expensive
one. Nothing makes me think about trading them in like a costly inspection
GILL wrote in
When Ford was selling the Mach-1 in Canada (when I bought mine) their Red
Carpet Lease (for those who went with it) stood at 13.75% interest.
Mind-bending, isn't it?