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Started By
Message
re: Car cost vs miles driven
Posted on 8/15/16 at 8:00 pm to VOLcano
Posted on 8/15/16 at 8:00 pm to VOLcano
I'm reading your thoughts and critiques I see the down votes for my question.
Let me break down my logic this way:
You buy Chevy Impala for $24,500. You own for 12 years.
Chevy dies/kerplibk at 150,000 miles.
You scrap for $300.
Total cost of Chevy is $24,200.
I buy a Toyota Yaris for $15,000
At $150,000 miles it's still fine. But it dies at $200,000 miles 15 years later.
I scrap for $100. Total cost was $14,900.
You are 3 years into your next Impala at $25,000 cost.
No sense made on this?
Let me break down my logic this way:
You buy Chevy Impala for $24,500. You own for 12 years.
Chevy dies/kerplibk at 150,000 miles.
You scrap for $300.
Total cost of Chevy is $24,200.
I buy a Toyota Yaris for $15,000
At $150,000 miles it's still fine. But it dies at $200,000 miles 15 years later.
I scrap for $100. Total cost was $14,900.
You are 3 years into your next Impala at $25,000 cost.
No sense made on this?
2
Posted on 8/15/16 at 8:18 pm to gobuxgo5
Totally, but i think you should compare the best 2 cars you can afford at a given price.
$20,000 Tacoma with 70k miles vs. $20,000 Canyon with 50k. Something like that....
The hard part is expected life of the car. There are folks that swear that you can get almost any car built today to 180k with no major issues if you take care of it.....if this is the case, depreciation is almost the only thing that matters for set price points.
$20,000 Tacoma with 70k miles vs. $20,000 Canyon with 50k. Something like that....
The hard part is expected life of the car. There are folks that swear that you can get almost any car built today to 180k with no major issues if you take care of it.....if this is the case, depreciation is almost the only thing that matters for set price points.
Posted on 8/15/16 at 8:30 pm to gobuxgo5
I didn't downvote you but I still dont see the logic in your posts lol. Cars/motorcyles are my biggest hobby so I guess we just dont have the same outlook. I dont really know what you mean by saying the vehicle "dies" because a car should not be totally unusable in 12-15 years. Just because a car requires a major repair does not mean it should be "scrapped" because it is usually cheaper to repair the vehicle and keep driving it as opposed to giving it away for nothing and buy a new car.
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