With all the discussions I read on here regarding what it costs to drive a vehicle, I thought Iíd add up the costs of me owning a car over the last ten years. Itíll be fun to see what other peopleís experiences are. Please note, Iím using $3/gallon gas over that time frame, to be fair that is what everyone should use.
2002 Malibu: $12500
Interest on loan: $2200
Tabs: $1000óroughly, not sure when they dropped to $40/year for me.
Fuel: $25178: based on 28mpg life time average Iíve had with my car.
Repairs: $3000 (estimated to the best of my knowledge)
Total: $50,398 dollars over the 120 months Iíve had this car. That is $419/month.
Car currently has 235,000 miles on it, divided out its $.21/mile to drive my car over the last 10 years. As a side note, before last year this car did everything for me, towed my sled, hauled a little fishing boat, (Mastercraft was stayed on a lift at my parents).
I figured it might be a fun activity to step back and take a look at the true cost to drive a car, Iím sure Iím missing a few $$ here or there but I think I got the major ones.
what is everyone else getting?