Cost of car ownership

After I bought a new 91 GTA, I found an article by consumer reports that said it cost an estimated $1.78 per mile to drive.... without regard to geography..... Spike

1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior; Vintage 40 16" rims w/BF Goodrich Comp T/A gForce Radial 225/50ZR16 KDWS skins; surround sound audio-video. Feb 2004 - http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004 - http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005 - http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005 - http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg

My Mach-1 costs about $1.35 per mile figuring 12,000 miles per year.

A breakdown per mile: Car cost: $0.67 Insurance: $0.35 Gas: $0.25 Incidentals$0.08

-Rich

These figures make boat ownership attractive. My costs this year:

Fuel: ~$600.00 Synthetic Oil Change: $22.00 Insurance: $146.00 Winterization: $16.00

Rob

Dang! Wish I lived where I could boat to work.....

"trainfan1" wrote

Said it before, I'll say it again... the cheapest thing you'll ever do with a car is buy it...

Operating costs are too dynamic and influenced by too many factors to get a real feel for what an individual will experience. Either way, the automotive "habit" will be just as expensive as any other habit most of us will have...

Got that right... Know what a membership in an average golf club costs????? Or how much it costs to get into fly fishing? And my neighbor has a good 50-75 remote control aircraft hanging from the ceiling of his garage. Ain't nothing cheap if it's something you like to do. Spike

1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior; Vintage 40 16" rims w/BF Goodrich Comp T/A gForce Radial 225/50ZR16 KDWS skins; surround sound audio-video. Feb 2004 - http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004 - http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005 - http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005 - http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg

I did when I lived in West Seattle and worked on the wharf (91), but I didn't do it... because in 1070-71 gas was going for about 35 cents a gallon for premium (actually lower due to the :gas wars")... and I got glassware, savings stamps, silverware, and full service.... : 0 ) Puget Sound can get mighty cold in an open boat..... LOL

Spike

1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior; Vintage 40 16" rims w/BF Goodrich Comp T/A gForce Radial 225/50ZR16 KDWS skins; surround sound audio-video. Feb 2004 - http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004 - http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005 - http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005 - http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg

If my loving bride knew how much I really have tied up in work tools and hobby tools... let's just say that the epicenter would be about 5 blocks from the centre of Slave Lake....

A friend and have been in a long term (much longer than envisioned) project..... a '69 RoadRunner (hey, it's old, it's hi-perf and I'm spending someone elses coin). Project cost with current changes... $50G canajun.....

I'm building what started out as a 12X16 foot "mud room".... Now that it has bloated to a 16X40 foot addition, I'm at the point where things wont change.... period.

If it is something we want or something we like, we will rarely consider the cost.... unless Rich spends another dateless evening reminding us of..... reminding us of... stuff....

Sorry, Rich... that was a cheap shot..... and I could have backspaced through it....

I'll watch for the flash.... LOL

Which is how much in real money or it's Monopoly equivalent... just kidding.... LOL... Hey, I a Ford guy but, I've owned a Nova hatchback, an MG Midget (really fun car), and a 91 Firebird GTA, Nothing wrong with a Roadrunner, Duster, etc. They're still classics worth saving.

Speaking of which, anyone catch the shootout between the 'stang, Javelin, Camaro, and Charger (I think... it's been more than 24 hours... : 0 ) Each had it's pluses and minuses, and, except for the Javelin, they all came in pretty darn close to each other in overall performance.

I don't know about you, but I always consider the cost... and then go ahead and do it anyway.... : 0 )

Heyyyyy.... Rich never spends a dateless night.... 'cause ever night has a date listed on the calendar.... : 0 )

Spike

1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior; Vintage 40 16" rims w/BF Goodrich Comp T/A gForce Radial 225/50ZR16 KDWS skins; surround sound audio-video. Feb 2004 - http://207.36.208.198/albums/86810/003_May_21_3004.jpgFeb 2004 - http://207.36.208.198/albums/86810/005_May_21_2004.jpgJul 2005 - http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpgJul 2005 - http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg

What's "work"...? :)

Rob

How do you come up with the car cost of $0.67? If it's a lease, then it's simple. If not, what have you used as your amortization period and residual value?

I'll say hi to you at Starfest this summer, since Stellafane is on a different weekend this year (woohoo). I might come on my Harley ...

zëkë

I won't be compiling my 2005 "report" on the cost of Mustang ownership until the end of this month, but here's last year's report:

or:

For what it's worth, as of the end of September, my "cash cost" on an annual basis was $8,207.45 and my accrued cost was $7,200.83.

- Max - ======= Do you know what it means To miss New Orleans And miss it each night and day . . .