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Car cost vs miles driven
Posted on 8/14/16 at 9:15 pm
Posted on 8/14/16 at 9:15 pm
Not sure how solid my logic is but part of my buying/owning decisions for my commuter car is how much the car costs vs how many miles it takes to "break even"
The break even is every $1,000 spent gets 10,000 miles driven without major repair.
So when I'm buying a new car for $13,000 I'm predicting I'll get to at least 130k without big repairs. Or if I buy a used $5,000 car I'm determining I have a good chance of making it 50k
I find it hard to achieve my value when comfort and options are put into play. A $35,000 Acura makes it almost impossible to get my ratio but I am also understanding im gaining a more satisfying owning experience.
Does anyone else think this way?
The break even is every $1,000 spent gets 10,000 miles driven without major repair.
So when I'm buying a new car for $13,000 I'm predicting I'll get to at least 130k without big repairs. Or if I buy a used $5,000 car I'm determining I have a good chance of making it 50k
I find it hard to achieve my value when comfort and options are put into play. A $35,000 Acura makes it almost impossible to get my ratio but I am also understanding im gaining a more satisfying owning experience.
Does anyone else think this way?
This post was edited on 8/14/16 at 9:20 pm
4
Posted on 8/14/16 at 10:48 pm to gobuxgo5
That probably won't work for a lot of trucks
Posted on 8/15/16 at 8:38 am to gobuxgo5
Probably fairly accurate
What $ amount would constitute a major repair for you?
What $ amount would constitute a major repair for you?
Posted on 8/15/16 at 9:50 am to gobuxgo5
quote:
So when I'm buying a new car for $13,000 I'm predicting I'll get to at least 130k without big repairs. Or if I buy a used $5,000 car I'm determining I have a good chance of making it 50k
I think a big problem with people's mentality when it comes to cars is a fear of "big repairs" or a car that isn't "reliable". If you buy a new car you're spending $10000+ in depreciation over 5 years. Even $5000 in repairs/maintenance would be quite high for a reliable (i.e. Japanese) used car over the same time frame and your depreciation hit will be way less. Anytime you buy a new or newish car you have to realize you're paying for enjoyment and personally I'd rather put that fun money elsewhere.
Posted on 8/15/16 at 7:31 pm to gobuxgo5
Way too many variables for this to be accurate, increased cost of initial purchase of the car does not mean it will have increased reliability in the slightest. Also a $5k Toyota is not the same as a $5k MB, BMW, etc. Just like a $30k+ Toyota /Honda is not the same as a $30k Euro car. Just because cars are the same price doesnt mean the reliability is even close.
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