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Let's say you buy a $20,000 car and you have this car for 7 years. So $20,000/7 = $3000/year.

You will change all the 4 tyres every year plus fuel expenses every month plus maintainence/garage expenses for 7 years.

So your monthly expenses for a $20,000 car = $700/month (approx) and for $200,000 car = $4000/month (approx)

Your numbers a vague approximation. It depends on what kind of usage you give to your car. Some people can get away with years of not changing tires because they don't use it daily. But for daily usage it will be pretty expensive. Also it depends on what model you have, some clutches cost a fortune.

I would recommend not owning a car until you have enough passive income to keep all possible costs covered guaranteed, otherwise having a car if not needed is a massive drain of money unfortunately. In some countries public transport is also very expensive tho, so you will need to leverage if it's worth it and cheaper than moving on train.

PS: You didn't include special taxes for cars which most countries have, plus insurance.

My numbers are for car that runs 10 miles everyday or 3650 miles a year.

What would you like to tell us with this thread? That we shouldn't use or buy cars? That cars are expensive? I think most of the car owners out there already know this because we have to pay taxes, change tyres and so on ...

It's true that cars are expencive  (even if I'm pretty sure you can get an average car for cheaper) but still it's a good investment since taking bus is also expencive ( approx 2$ per ride in my country) so if you take a bus to go work/study and want to hangout it will also cost alot (without talking about the big waste of time when taking bus) taking a taxi is even worse (minimum 10$ per ride).So yeah after thinking it's better to buy a car unless you ride a bike (lol I guess it's the cheapest mean)

When you divide the price/cost of a car with the years the car was used, the car looks expensive (some $4000 to $5000/year expenses for $20,000 car)

That is very true! The initial investment of getting a car is expensive but add to it the upkeep like gas and lubricants. Not to mention preventibe maintenance that you do ebery so miles. You will have to add to it insurances, spares and services like car washing ans stuff like that. I myself didn't take these into account when i bought my first car.

30 years back, My father walked 24 miles or 34 kilometers to his office at age 47, since that day there was public transport strike. People do wonders in real life.

I feel the numbers look less clear, obviously because the use of each type of car is different. Let's say it's all the cost of the cheapest car for use. I think it's better to drive public transport. Currently the government has provided good facilities and adequate. And after 7 years you will not have a car anymore. It is unfortunate.

How would you say your estimates compare to an electric car like a tesla? How about a comparison to uber or similar services? Historically higher resale value of some import vehicles could involve lower maintenance costs and greater reliability on average. State sponsored incentives such as adding ethanol (the worst alternative fuel ever devised) to gasoline could have severe and lasting negative implications. Gas taxes also could carry negative implications.

I would guess similar to bitcoin, there would be a large demographic which cannot afford to own vehicles which could mean there's an underlying market and high demand for those who lack support(or do not own a car/truck/etc).

There could also be a market for purchasing vehicles via bitcoin and crypto currencies which hasn't been explored much.

After 7 years and 10 to 30 miles everyday average car use, I don't think a  $30,000 car will have resale value.

My numbers are estimated. I never had a car.

That just simply isn't true, go on craigslist and take a look at all of the cars that are on the cheaper end of the price range. You'll see that these cards maybe have 70K - 100K miles on them and are selling for a couple thousand dollars. There is a resale market for all cars, it may be a fraction of what you paid for it years ago - but it is a market nonetheless. Your estimates are way out of proportion buddy.

Yup! A car is expensive. It is a luxury for many people. Many people think that the payment stops at the car show room. They forget about the upkeep for cars. I myself opted for a second hand car and i just take to a mechanic friend to help cut the cost (since his service charge is a six pack of coors). I just hope people will know of their this before buying a car.

The car is completely for our consumption, which is convenient for our convenient life. Every year, there are a lot of expenses related to the car. Car insurance, maintenance costs, spare parts replacement and so on, all occupy an important part of our family expenses, which is purely a consumer product.

Yup, car is gonna cost you a lot even you don't use it.  For me who working at home having car is a waste of money.  If I need to go, I prefer to use online taxi/transportation like grab and use my bike if it's not too far.

yeah cars usage will cost you more often with the maintance of it, and if it a cheap cars it will make you can buy a luxorios cars in 7 years with the maintance cost you, but people buying cars because they need it dude, if not and just keeping a car in the garage it will not cost much for maintance

It's obvious.

You base your numbers on 10 miles a day, and want to change tires every year? That means you are only getting 3650 miles from a set of tires? A set of tires will actually last around 40-50,000 miles.

A 7 year old car driving 10 miles a day will only have 25,000 miles on the clock, and you think it will have zero resale value? 5 seconds on Google would should you how incorrect that assumption is.

it depend on the people itself i think, when they make a car as a daily need they will cost more for the maintance, but if they just likely to keeping a car just for a show off, or decoration for they willing, i think it will not cost that much for the maintace, and if talking more about that, what about people who having intrest with a modification cars or a custom cars. it will cost a lot than we know

I have had a '98 Eclipse which I inherited from my uncle. Unfortunately, I had to sell it since it eats a lot of fuel along the way, and seeing the state of traffic back in the Philippines, it really isn't worth it to ride your own 4 wheels if your work is only 2-3 miles from home. Also, I don't think a car needed its wheels to be replaced every year if you're only driving an aggregate 3650 miles a year, not unless if you use your cars into drifting and creating donuts on the pavement because why the hell not. For people who live on the countryside, a car is a necessity. Just imagine the time you'll be saving driving to your work instead of waiting for the earliest bus. But of course, one must still consider his/her financial means when acquiring a car, so there's that.

I am thinking to not buy car anymore. Because of the cause it will make my pouch empty.

OK, thank you. I think any car will be used 25 miles or more everyday. I am just getting the information out here. Say something wrong and you will get corrected  ;)



How much fuel for 40,000 miles use of car ?? What will be the car condition after 7 years for resale ?? Think about it.

But there is no such thing as "a car", you have to mention a certain model of the car or at least a type of car.

Maintaining a LADA is not the same as maintaining a Toyota Supra for instance. Resale value will also not be the same.

Just automatic from manuals change the game a lot already. Many variables.

Trying to find a car that is reliable, has reasonable maintenance expenses and will still have a decent amount of resale value after high mile count is a science in itself that requires a lot of research, which is I why I still don't have a car.

When BTC reaches $250k I may finally buy a car since I will not be as concerned about maintenance costs.

The same applies for TV etc.. (all the products)

A $400 TV gets used for 5 years. That is $80/year or $7/month.  ;D

The Eclipse was a very cool car. There were many cool sports cars in the 90's.  I always wanted one of these (Supra, NSX, 3000 GT...) the problem and something that no one has mentioned yet: Soon in many cities, specially in Europe, it will basically be illegal to roll with these cars, you will get a big fine due contamination. So the era of old sports car is over, you want to get anything past 2010 ideally if you want to be sure that you don't end up with an illegal car if you like or need to enter big cities.

So another task to do is to look at your local laws for vehicles because most likely your car will become illegal to drive if it's not rather new, so it wouldn't be a smart long term investment if you want to stick to the car you buy and aren't into reselling and cycling through many vehicles.

Why are you so keen to throw things away? You want to change tires that will last 5 years after 1 year. You want a new TV after 5 years. I've had the same TV for 12 years and still works perfectly.

OK, 7 to 8 years of TV use  ;)

It depends on your usage and what car you are having but is there any relation between the crypto currency and calculating the expenses of a car holder?

One 1000 miles drive (inter state or adventure) in 6 months and think of the tyres and fuel/petrol used.

How about monthly parking fee? Fuel? Monthly service? Annual taxes? Yet another car bill/car payment? Yes, that's why i sold my car. And there is a new way to commutting nowadays.. it's called ride sharing. I prefer this, it's much simpler than owning a car.

It is true that if you add up the parking fee which is about 5$ per night in my country it would cost hella lot.But I guess that most of those who have a car does have their own garage or there is space infront of their house where to put their car.The problem of ride sharing it's not convenient if you want to hangout with your family elsewhere,it is only for going to work or such plus if everyone thinks like you do even ride sharing will become less usual.

That is not all, insurance, special payments, every year services, sometimes repairs, car cost not that much if we don't look at payments that need to be done during the time that we use it.

Simple solution for this leave your car in the garage if you do not want to have spent everything in life generates waste moving energy etc.

Your numbers are grossly incorrect. If you're only putting 3650 miles a year on the car, you wouldn't expect to change the tires once over the 7 year period. Tires typically last around 50,000 miles, and for some reason you're assuming you change them every 3,600 miles. Next, 3650 miles in a year would not use nearly as much gas as you think. Let's assume your car gets a paltry 20 mpg, that would be 182.5 gallons per year at $3.50 per gallon would be just under $650 per year in fuel costs, or roughly $54 per month, and that's estimating things purposefully more adverse than they would probably be.

Next, if the car costs $20,000 over 7 years, that would be $2858 per year, which is $238 per month. So where you concluded that a car would cost $700/month, what we actually have is less than $300/month. What isn't accounted for is other general maintenance, but for how infrequently you're driving the car (less than 26,000 miles over 7 years), it's going to be pretty inconsequential.