Family Budget for 4? Having mid-size sedans for entire family.

3,000 - 4,800 prop tax
1,800 - 2,400 housing repair budget
3,000 - 3,400 vehicle 1, depreciation and tax, insurance
3,000 - 3,400 vehicle 2, depreciation and tax, insurance


Want a new car every year?

Mazda 6i Sports $17,000

Nissan Altima 2.5S  $17,000

Mazda Mazda5 CX5 $21,000

Honda CRV LX $21,000

Family with teenage drivers can have expensive

Car 5 year 8 @ 14k/year = 112K
Car 4 Year 6  @ 14K/year = 84K
Car 3 Year 4  @ 14K/year = 56K
Car 2 Year 2  @ 14K/year = 28K
Car 1 Year 0  @ 0k/year = 0K

Average = spending = $19,000 - $6,000 trade in
Capital/depreciation -Average = $13,000 per 2-years for 4 vehicles.  or $6,500

Insurance & registration = 1,250 x 4 vehicles  = $5,000
Repair & maintenance budget $400 x 4 vehicles = $1,600
Operating costs without fuels = $13,100
Fuel @ 26mpg @ 56,000 @ $3.65 pg = $7,900
Total transportation = $21,000 /year or $1,750 month

# # # few miles / longer ownership # # #

Car 5 year 12 @ 122/year = 145K
Car 4 Year 9   @ 12K/year = 108K
Car 3 Year 6   @ 12K/year = 72K
Car 2 Year 3   @ 12K/year = 36K
Car 1 Year 0   @ 0k/year = 0K

Average = spending = $19,000 - $4,000 trade in
Capital/depreciation -Average = $15,000 per 3-years for 4 vehicles.  or $5,000/year
Insurance & registration = 1,250 x 4 vehicles  = $5,000
Repair & maintenance budget $500 x 4 vehicles = $2,000
Operating costs without fuels = $12,000

Fuel @ 26mpg @ 48,000 @ $3.65 pg = $6,740
Total transportation = $18,740 /year or $1,560 month