|
I drive a 1997 Ford Escort. I've owned it for the past year... the following have been my costs so far:
Capital Expense - 5,760: Includes vehicle purchase, all service (90% DIY) incl. oil changes
Insurance expense (for a year) - $1000.00
Distance Driven - 49000 km (30000 mi)
Average Fuel Efficiency - 8 l/100 (pre-hypermiling!)
Average fuel cost - $1.00/litre
Total fuel cost - $3920.00
TOTAL COST OF OWNERSHIP - $9,580
COST PER KM - $0.20
COST PER MILE - $0.31
This compared to what I almost bought (2005 Golf TDI)
Fuel economy - 6.9 l/100
Cost - 26,000
Financing @ 4.0% APR, 4 years - $586.06/mo or $6082/yr
Insurance - $2000 /yr
Fuel cost - $0.80 /litre (diesel remember).
Distance driven - 49000 km
Maintenance cost (oil changes only) - $200.00
Fuel cost - $2704.80
TOTAL COST OF OWNERSHIP - 10986.80
COST PER KM - 0.22
COST PER MIL - 0.36
So for me, doing service DIY, a used car makes more sense... however, for your average Joe a new car may be more sensible.
|
Hybrid Mode
