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Old 02-14-2013, 08:34 PM
Status: "Summer!" (set 25 days ago)
 
Location: Foot of the Rockies
87,017 posts, read 102,674,652 times
Reputation: 33083

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Quote:
Originally Posted by Geologic View Post
K.,
The numbers WILL take into account the downsizing of cars, when the average person starts doing more of that. The figures are based on what people actually do -- on average
Please provide some proof of THAT! Many of us have said on this thread we do not finance cars, we do not buy new cars every few years, etc. Yet those numbers "assume" that the average person does that.

 
Old 02-14-2013, 08:36 PM
 
Location: Hong Kong
1,329 posts, read 874,327 times
Reputation: 217
Quote:
Originally Posted by Katiana View Post
Please provide some proof of THAT! Many of us have said on this thread we do not finance cars, we do not buy new cars every few years, etc. Yet those numbers "assume" that the average person does that.
Go back to the beginning of this thread, and check the source of the data - it comes from US government statistics on actual costs.

If people start downsizing their cars, then future data will reflect it. If you have something more recent than my source, please post it.
 
Old 02-14-2013, 08:45 PM
Status: "Summer!" (set 25 days ago)
 
Location: Foot of the Rockies
87,017 posts, read 102,674,652 times
Reputation: 33083
^^I just did go back to the beginning of the thread. There is no link in the OP to actual govt. statistics. So these "advocacy" groups want to jack up the cost of owning a car. Big surprise!
 
Old 02-14-2013, 09:17 PM
nei nei won $500 in our forum's Most Engaging Poster Contest - Thirteenth Edition (Jan-Feb 2015). 

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Location: Long Island / NYC
45,992 posts, read 42,026,386 times
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Quote:
Originally Posted by Katiana View Post
^^I just did go back to the beginning of the thread. There is no link in the OP to actual govt. statistics. So these "advocacy" groups want to jack up the cost of owning a car. Big surprise!
No, nybbler gave a link to the source of the actual statistics where the OP came from in the thread:

http://www.city-data.com/forum/28202654-post30.html
 
Old 02-14-2013, 09:21 PM
 
Location: North Baltimore ----> Seattle
6,473 posts, read 11,110,921 times
Reputation: 3117
Quote:
Originally Posted by Katiana View Post
^^I just did go back to the beginning of the thread. There is no link in the OP to actual govt. statistics. So these "advocacy" groups want to jack up the cost of owning a car. Big surprise!
It doesn't seem THAT far off or unusual to me. Someone commuting 25 miles each way, getting25 mpg, is spending over $2000/year on gas with modest weekend travel. Let's not neglect the capital cost of the car; say it's bought used for $15000 and the owner plans to keep it 5 years. Theres another $3k/year. Oil changes, repair costs - variable. Let's say $1000/year.

I think the real variable is insurance cost, actually. It varies widely by state and is based on so many factors. I've paid as much as $2400 In a year for auto insurance. Let's say 1000.

So now we are at $7k for a fairly conservative example. (this doesn't account for salvage value)

Lots of people finance more expensive cars, commute further, get worse mileage. Many others have cheaper cars, don't drive much, and get great mileage. I don't think $8k is unreasonable to consider as the average.
 
Old 02-14-2013, 09:26 PM
nei nei won $500 in our forum's Most Engaging Poster Contest - Thirteenth Edition (Jan-Feb 2015). 

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Location: Long Island / NYC
45,992 posts, read 42,026,386 times
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Quote:
Originally Posted by HandsUpThumbsDown View Post
It doesn't seem THAT far off or unusual to me. Someone commuting 25 miles each way, getting25 mpg, is spending over $2000/year on gas with modest weekend travel. Let's not neglect the capital cost of the car; say it's bought used for $15000 and the owner plans to keep it 5 years. Theres another $3k/year. Oil changes, repair costs - variable. Let's say $1000/year.

I think the real variable is insurance cost, actually. It varies widely by state and is based on so many factors. I've paid as much as $2400 In a year for auto insurance. Let's say 1000.

So now we are at $7k for a fairly conservative example. (this doesn't account for salvage value)
And if a household has more than one car, it could be higher $14k / year if both are similar.
 
Old 02-14-2013, 09:27 PM
Status: "Summer!" (set 25 days ago)
 
Location: Foot of the Rockies
87,017 posts, read 102,674,652 times
Reputation: 33083
Quote:
Originally Posted by nei View Post
No, nybbler gave a link to the source of the actual statistics where the OP came from in the thread:

http://www.city-data.com/forum/28202654-post30.html
It's a little hard to believe $2464 in finance charges, licenses, maintenance, etc. That is like $200/mo.
 
Old 02-14-2013, 09:29 PM
 
Location: Hong Kong
1,329 posts, read 874,327 times
Reputation: 217
Ditch the car, and spend the "saved" $8,000 p.a. paying down a mortgage,
and you will be miles ahead.

I have been practicing that for decades, and think it is time for more Americans to "see the light",
on the costs of their Oil dependency - direct and indirect
 
Old 02-14-2013, 09:31 PM
 
Location: North Baltimore ----> Seattle
6,473 posts, read 11,110,921 times
Reputation: 3117
Quote:
Originally Posted by nei View Post
And if a household has more than one car, it could be higher $14k / year if both are similar.
multi car discount (especially if married) may not double insurance costs. We pay about $1000 for 2, whereas it was $850 for 1. We probably wouldn't have got a 2nd car of it doubled.

Our cars are old though, and without collision coverage.
 
Old 02-14-2013, 09:34 PM
 
Location: North Baltimore ----> Seattle
6,473 posts, read 11,110,921 times
Reputation: 3117
Quote:
Originally Posted by Katiana View Post
It's a little hard to believe $2464 in finance charges, licenses, maintenance, etc. That is like $200/mo.
If you factor in 1 major drivetrain replacement, it's probably not too far off. Before I owned it my truck got a new motor installed at the dealership: $4200
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