A car will cost you $700/month to $4000/month

[First77]

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.

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  

A set of tires will actually last around 40-50,000 miles.

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

[1715668129]

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[1715668129]

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[cellard]

Your numbers a vague approximation.

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

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.

[First77]

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

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

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

[cellard]

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.

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.

[o_e_l_e_o]

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

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

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.

[First77]

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 

[semobo]

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)

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?

[First77]

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.

[Masleo]

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)

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.

[Aveatrex]

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)

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.

[Yurkov]

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)

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.

[Luana Trade]

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.

[jaysabi]

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.

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

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.