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Saturday, November 1, 2014

Car Choices

Facts:
1. A typical, relative trouble free vehicle requires $60/monthly repair/maintenance budget.  (@ 25,000 year over 8 years)

2. At typical vehicle insurance ($1100/year) / registration ($90/year) and vehicle depreciation schedule of a $20K-$24K family car/small SUV $300 month OR
for a $45K luxury SUV/Sedan $500 month

3. A 25 mpg/25,000 yearly drive = $290 month fuel.

so
1. Expect to pay $660 / months to operate a vehicle or
2. about $900 /month to operate luxury vehicle, with higher depreciation schedule/maintenance cost and premium fuel, or
3. maybe $600 for smaller, less expensive compact sedan

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BMW 328 vs Honda Accord EX-L Auto/CVT
   38,000 - 27,100

ACCORD LX W/6M vs CIVIC EX-L W/5A
    21,500 - 21,500