[nycnyc11209]

coming from NYC area, i am wondering.
Lets say a used $5000 car . like Toyota Camry. any car would do nothing fancy.

and do you need to pay parking in the city?

[Aredhel]

Some downtown condos come with a parking space included, but generally downtown you'll need to pay to park in a lot. Outside of downtown, you can usually find plenty of free parking.

As for the rest of the costs, you might find this link helpful; Nebraska Department of Motor Vehicles - Vehicle Tax Estimator

[jon rockefeller]

Here's the Edmunds True Cost to Own (TCO) calculator: True Cost to Own® (TCO®) Calculator on Edmunds.com

[Garthur]

Originally Posted by jon rockefeller

Here's the Edmunds True Cost to Own (TCO) calculator: True Cost to Own® (TCO®) Calculator on Edmunds.com

This list doesn't show any $5000 cars. The Toyota the OP is asking about is $11,000.

[Garthur]

There are a lot of variables to owning a used car. If you buy the car outside of the state without sales tax then you will only have the licensing fee in Nebraska which could be $100-$200 a year. Also, on a $5000 car it makes no sense to have full coverage insurance. I only have liability insurance on all of my cars and it averages about $300 a year. So the only expense left is maintenance which could be nothing or several thousand a year depending on the car.

BTW parking in Nebraska almost anywhere is free except in Omaha and Lincoln in the business areas of downtown. I have only paid for parking once in the last 10 years and that was downtown Omaha and it was only $0.50.

[jon rockefeller]

OP, is $5000 the cost of the car, or your yearly budget for car expenses?
As the Edmunds link shows, the expenses for a 2010 Toyota Camry are about $5000 per year, assuming no major mechanical failures, so that car would work for your $5000 yearly budget. The Edmunds site breaks it down by fuel, taxes, insurance, etc. If $5000 is just the initial cost of the car, I imagine you can use roughly the same figures, but you'll have lower insurance and taxes, and higher repair and maintenance costs.

[nycnyc11209]

Originally Posted by jon rockefeller

OP, is $5000 the cost of the car, or your yearly budget for car expenses?
As the Edmunds link shows, the expenses for a 2010 Toyota Camry are about $5000 per year, assuming no major mechanical failures, so that car would work for your $5000 yearly budget. The Edmunds site breaks it down by fuel, taxes, insurance, etc. If $5000 is just the initial cost of the car, I imagine you can use roughly the same figures, but you'll have lower insurance and taxes, and higher repair and maintenance costs.

cost of the car is 5k.
just wondering yearly cost of maintaing car, gas etc.

thx all

Originally Posted by Garthur

BTW parking in Nebraska almost anywhere is free except in Omaha and Lincoln in the business areas of downtown. I have only paid for parking once in the last 10 years and that was downtown Omaha and it was only $0.50.

o wow thats cheap, its like $15/per hour in nyc

[jon rockefeller]

Originally Posted by nycnyc11209

cost of the car is 5k.
just wondering yearly cost of maintaing car, gas etc.
thx all

Roughly $5,000 per year. Could be more, depending on the condition of the car.

[nycnyc11209]

Originally Posted by jon rockefeller

Roughly $5,000 per year. Could be more, depending on the condition of the car.

really? so it balances out living in nyc paying $1500 rent, if i get a apt 1000a month +400/car monthly.

[Garthur]

Originally Posted by nycnyc11209

really? so it balances out living in nyc paying $1500 rent, if i get a apt 1000a month +400/car monthly.

Do you mean $1000 a month for an apartment? If that's what you mean then you are about $400 to much for Omaha.