Deleted
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Post by Deleted on Apr 1, 2011 19:37:01 GMT -5
How much do you spend on transportation costs per year? How many miles do you drive per year as well? How often do you do repairs and what do you do?
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phil5185
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Post by phil5185 on Apr 1, 2011 19:52:37 GMT -5
20,000 miles/yr. Maybe $3200 for gas, $2500/yr depreciation, $1000 for insurance, $500 for oil, filters, wipers, & washes, $250 for tires, $200 for registration, $80 for brakes, $50 for belts, $20 for batteries. And maybe $200/yr for repairs, ie $2000 over a 10 yr period. So, $8000/yr for one car.
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Deleted
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Post by Deleted on Apr 1, 2011 19:55:04 GMT -5
20,000 miles/yr. Maybe $3200 for gas, $2500/yr depreciation, $1000 for insurance, $500 for oil, filters, wipers, & washes, $250 for tires, $200 for registration, $80 for brakes, $50 for belts, $20 for batteries. And maybe $200/yr for repairs, ie $2000 over a 10 yr period. So, $8000/yr for one car. What kind of car do you have Phil? Does that seem to affect how many repairs you need to do?
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midjd
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Post by midjd on Apr 1, 2011 20:04:43 GMT -5
We put between 25,000 and 35,000 miles a year on 3 vehicles (most of the miles are on our 2 elderly (but well-maintained) Hondas). I budget for everything but major repairs, about $500 a month usually covers it... so $6,000 a year, plus maybe $750-$1,000 in repairs. I don't factor in depreciation, our cars have all pretty much bottomed out in price Breaking it down, $250-$300 in gas, $80 in insurance, $100-$125 in maintenance (oil changes, tires, brakes). We do a lot of driving, so usually get oil changes once every 4-6 weeks, and get the "deluxe" service where they rotate the tires and check everything. Usually about every 4th oil change per vehicle, something needs to be done to the tune of $200-$250, but the rest of the time they're pretty trouble-free *knock on wood*
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Cookies Galore
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Post by Cookies Galore on Apr 1, 2011 20:35:55 GMT -5
I don't spend much money on my car at all. I take public transit to work, so I really only drive on the weekends. I think I get maybe three oil changes a year? So that's $21.75 (a six-pack of lager is $7.25). My inspection costs $35 (case of good beer), plus whatever might actually need to get fixed that can't be ignored. Tires I don't buy every year, nor do I buy brakes annually. Registration in PA is $26 a year (or is it $36? I never pay attention until I get my renewal in December). My insurance is $900/year. Um, I spend about $40 - $60 a month on gas? I think this year will be the first time I'll spend $1,000 on maintenance and repairs.
ETA: My Septa pass costs me $35 a month. It should cost $155/month, but I get $120 in transit checks from work. Yay me!
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phil5185
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Post by phil5185 on Apr 1, 2011 22:03:06 GMT -5
What kind of car do you have Phil? Does that seem to affect how many repairs you need to do? Toyota. Yes, I think it makes a difference, we drive cars about 200,000 miles. Most modern cars are capable of 200,000 relatively trouble free miles - that's about double what you could expect back in the 1950s or 60's. So if you stick with a fairly 'normal' car you'll get 200,000. Japanese cars seem a bit more reliable, the europeon performance cars are worse - require quite a few repairs and lots of expensive maintenance. But most owners didn't buy them for economy, they want the superior handling & performance.
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schildi
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Post by schildi on Apr 1, 2011 23:51:49 GMT -5
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973beachbum
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Post by 973beachbum on Apr 2, 2011 9:52:21 GMT -5
This type of thread always make me want to say bully for you! after reading it. I have the cheapest auto insurance for our two cars and it is just laibility to boot and it costs us $200 a month. We normally buy used cars for about $4000 and they have normally lasted 3-4 years. We spend another $1000 a year for routine maintance plus some repairs. Trying to make the car last an extra year is normally a killer on repairs though. It probably costs more but at the time always seem the right thing to do. Registration is about $150 a year for both. We spend about $120 a month on gas for the car and $400 a month for the truck. Totals $11550 a year or about $962 a month. Truthfully I don't actually feel better after looking at those numbers.
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Deleted
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Post by Deleted on Apr 2, 2011 10:32:02 GMT -5
$1100/yr for rail pass for me and $800/yr for DF. Don't own a car. Average about $1000/yr for various car rentals and probably about $500 for gas (this year will be a bit of an exception to that). No maintenance or registration costs. I'd probably also include another $1000 for flights for trips we would have likely driven, but instead fly since we don't own a car.
So that's $4400/yr total for the two of us for car equivalent transportation costs. Not as convenient as the rest of you folks probably have it, but we're saving a good chunk of money on transportation costs in our 20's. Phil would be proud!
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schildi
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Post by schildi on Apr 2, 2011 10:35:14 GMT -5
I keep track of the cost. My wifes car is 8 years old now, driven ~ 10K miles per year. If we were to give it away today, it would be just under $5K per year. If she drives it until it's 12 years old, I estimate the annual cost to be around $3,800, assuming the cars value to be $0 then (and now). So for the two cars we have, it's less than $10,000 per year. Still, a pretty big number though ....
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Gardening Grandma
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Post by Gardening Grandma on Apr 2, 2011 12:20:08 GMT -5
Well, looking in Quicken for 2010 shows we spent $7199 Gas: 3481 Tabs: 204 Ins: 1031 Servicing: 2483
We have two vehicles (a 2000 RAV4 with 140K miles and a 2003 Tundra with 95K miles). I estimate that we put about 12000 miles on each one. DH does the oil changes and minor maintenance. Last year we replaced the tires on both and had the 90,000 mile servicing done on one of them ($933).
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doxieluvr
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Post by doxieluvr on Apr 2, 2011 12:54:11 GMT -5
This is a scary expense for us. We spend $8100 a year in payments, $270 in registration, $4800 in gas/diesel, $1860 in insurance, and in the last couple months we have spent $2000 on repairs.
So thats a grand total of $17,030 to drive about 45,000 miles a year.
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wvugurl26
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Post by wvugurl26 on Apr 2, 2011 13:10:16 GMT -5
I have been averaging 30k/yr. I'm hoping to bring that number down this year. At the end of my second year of owning the car in October, I had 60k. Now in April I am just about to hit the 70k mark.
Insurance is $$925/year, current payment is $2700/year, registration is $30/year, inspection is $12/year plus whatever needs fixed, oil changes run $45/each, engine/cabin air filters $50 when needed every 10k maybe. Tires and wipers are done as needed. Should need tires soon have 40k miles on the current ones. Gas I don't track. If I'm doing a lot of driving, I cut other things accordingly.
At my last oil change they mentioned I'll need front brakes next time. I priced OEM pads online they are ~$70 and my brother will do them for me. Yesterday I had to get my tire pressure sensor checked out. One of the sensors need reprogrammed. Independent garages don't seem to know how to deal with my system so $52 for half hour labor at dealership.
I've been saving myself a lot of money by buying parts and having my dad or brother put them on. Dealership wanted $70 to do cabin air filter. Part is ~$20. My brother actually bought my spak plugs awhile back but didn't have right tools to get into them. Have to make sure I don't need a code or anything bc the battery has to be disconnected to get to the plugs. I've had many car people tell me its ridiculous to change spark plugs every 30k especially if they are titanium plugs.
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schildi
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Post by schildi on Apr 2, 2011 16:22:17 GMT -5
Well, looking in Quicken for 2010 shows we spent $7199 Gas: 3481 Tabs: 204 Ins: 1031 Servicing: 2483 We have two vehicles (a 2000 RAV4 with 140K miles and a 2003 Tundra with 95K miles). I estimate that we put about 12000 miles on each one. DH does the oil changes and minor maintenance. Last year we replaced the tires on both and had the 90,000 mile servicing done on one of them ($933). I think you are missing the depreciation.
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Gardening Grandma
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Post by Gardening Grandma on Apr 2, 2011 19:14:44 GMT -5
Schildi Are you serious? a) I wouldn't know how to figure depreciation b) I didn't see anyone else list depreciation
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Gardening Grandma
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Post by Gardening Grandma on Apr 2, 2011 20:06:50 GMT -5
If I factor in the costs of the vehicles, that would add another 5,500. The RAV4 was purchased in 2003 for $12000, so that works out to $1500/ yr. (Ignoring its current value of maybe $4000) The truck was also purchased in 2003 for $32000, so that would be about $4000/ yr. But again I'm ignoring the current value (somewhere between $8000 to $10000)
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phil5185
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Post by phil5185 on Apr 2, 2011 20:08:43 GMT -5
a) I wouldn't know how to figure depreciation b) I didn't see anyone else list depreciation I listed it in my post. Not hard to calculate, subtract the price you sell the car for when you are done with it from the price that you paid for it, and divide your answer by the number of years that you owned it.
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❤ mollymouser ❤
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Post by ❤ mollymouser ❤ on Apr 2, 2011 21:08:13 GMT -5
2006 FORD MUSTANG: Insurance (State Farm) .... 1160.00 DMV registration ... 279.00 CSAA ...... 90.00 Oil Changes ... 120.00 Battery bought in 2011 ... 125.00 TOTAL MUSTANG ... 1774.00 (Average miles driven per year: 4,000 miles) No major repairs have been needed on the Mustang.
2002 FORD EXPLORER: Insurance (USAA) ... 836.00 DMV registration .... 149.00 Oil changes .... free Battery bought in 2011 ... 125.00 TOTAL EXPLORER ... 1110.00 No major repairs have been needed in the Explorer. (Average miles driven per year: 9,000 miles)
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❤ mollymouser ❤
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Post by ❤ mollymouser ❤ on Apr 2, 2011 21:13:48 GMT -5
We don't really track our gasoline costs as a line item ~ in any event, they vary greatly depending on whether or not my wonderful DH is deployed for months and months, or whether he's home with a 25 mile roundtrip drive to work. When he's gone, I usually go about 3 weeks in between fill-ups for my Mustang. (Gasoline here is currently $4.05 per gallon.)
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cronewitch
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Post by cronewitch on Apr 2, 2011 21:24:15 GMT -5
I drive a 2007 Sebring about 7.5K a year. Depreciation about 1,000 paid 18K will keep about 15 years and sell for about 3K. So far I spent $21 on repairs and maintenance for tail light out. Get lifetime free oil changes every 3 months. I forgot I paid $7 for a nail in a tire to be repaired.
So 1K depreciation, maybe 2K for gas, licenses, insurance and maybe a thousand for future maintenance, batteries, tires and stuff. So about 4K total.
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Cookies Galore
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Post by Cookies Galore on Apr 3, 2011 0:18:39 GMT -5
I don't give a flying fig about depreciation. I bought my car for less than it was worth in 2003 and it's held together by paper clips and rubber bands.
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Deleted
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Post by Deleted on Apr 3, 2011 19:27:59 GMT -5
So I have only ever tracked Depreciation and Repair Costs. Insurance has varied due to living location.
1st car I purchased, owned 7 years, $2,600/yr for 75K total miles. Bought new. 2nd car, owned 8 years, $4,100/yr, 48K miles total. (it was a sports car that was a toy so required separate winter/summer tires, etc). Had 2 year overlap with car #1.
Just got the current car this year.
Currently I pay about $400/yr for insurance (full coverage) and drive around 5K/yr so maybe $1,000/yr in gas. So total cost max would have been $5,500/yr.
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Post by The Walk of the Penguin Mich on Apr 3, 2011 19:57:02 GMT -5
Hmm, I've got another year of car payments, so about $4000. So far this year, I've paid $200 to register it, about $600/year in gas, $700 for insurance, this year was expensive for 'repairs' since I had a 30K PM done on it, so including oil changes $600.
$6100/year total. 2007 Subaru Forester and I usually run around <10K miles/year.
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runewell
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Post by runewell on Apr 3, 2011 21:03:11 GMT -5
I drive about 11,000 miles/yr @ 25 mpg = 440 gallons x $3.49 / gal = $1,536. Insurance (full coverage, high limits, sizable deductible) is about $375/yr. I do my oil changes by hand, they're about $15, twice a year. Wipers bladers (annually) are another $20. Air filter (annually) $15. A set of tires would run me about $450, but they last four years, so $110. Washer fluid, car washes, misc $50. Registration is <$200
Roughly $2,300/yr for a Honda Accord with 42,000 miles, excluding other maintenance/upkeep.
If I were to include depreciation, I'd say the car has lost $10,000 in four years, so another $2,500/yr. which will obviously go down over time.
If I were to add depreciation that would
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tskeeter
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Post by tskeeter on Apr 4, 2011 17:34:46 GMT -5
For about 15K miles a year: Fuel $3,300 Maint. 800 Registration 300 Insurance 800
Total $5,200
This amount does not include any maintenance or repair labor. That is usually provided by the resident grease monkey. This amount also does not include car payments/depreciation/lost investment income on a cash purchase, which would add close to another $5K a year on a $25K car if you run it to about 100K. Beyond 100K miles, maintenance costs are likely to increase any offset a good portion of the payments. Also does not include insurance deductibles (insurance company statistics indicate that about 25% of drivers are involved in an accident each year).
Edmunds.com true cost to own shows that a family sedan costs between 50 and 55 cents a mile to own during the first five years of ownership at the national average of 12,000 miles a year. HCOL area, expensive insurance area, or expensive cars would likely increase that amount.
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Deleted
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Post by Deleted on Apr 4, 2011 19:52:10 GMT -5
I owned a car for 7 years (2 different cars, one a 1991 and my current 2003) and never spent that much. What am I missing or have I just been very lucky. We put aside $600/year for repairs, tires, oil changes, tags etc. $440 for car insurance and $1560 for gas. We drive about $10000/year. The only one I come close to is Phil, comparing mileage to cost.
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wvugurl26
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Post by wvugurl26 on Apr 4, 2011 20:21:16 GMT -5
Costs vary greatly from one location to another. I have comprehensive coverage on a 2009 so obviously my insurance will be more than yours. I couldn't tell you what I spent on gas last year. Just my insurance alone is almost more than you allocate for repairs and maintenace and insurance. I drove 30k miles so that's a lot of oil changes, air filters (maybe its my area but they get black and icky pretty fast), probably a set of tires, and so on. My registration is $30, another $11 for inspection and then my property taxes are around $200/year on the car which will go down eventually. If you are setting aside money for maintenance and add in gas, insurance, registration, etc I don't think you are missing anything. Honestly my car gets me to work and where I need to go. That is sort of an asset but in my mind it is not the type of asset I would take depreciation on. Obviously there is a cost to getting a new car every few years but I think most people are concerned with cash inflows/outflows and depreciation is a noncash expense.
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wvugurl26
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Post by wvugurl26 on Apr 4, 2011 20:21:44 GMT -5
This message has been deleted. Double post.
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