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Looking at it another way, the 5 year, new car owners pay 180%/5, or 36% of the MSRP of their cars, every year. The used car owners pay 25%/8, or 3.1% of the MSRP per year for ownership. The cash buyer of a new car who keeps it for 13 years and 150k miles pays 100%/13, or 7.7% of MSRP per year.
How about the folks who lease a $16,000 Ford Focus for $154/month for 24 months? They'll pay 23% of the price of their car in two years, or roughly 10% of MSRP/year.
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Darrell
Boycotting Exxon since 1989, BP since 2010
Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac? George Carlin
Mean Green Toaster Machine
49.5 mpg avg over 53,000 miles. 176% of '08 EPA
Best flat drive 94.5 mpg for 10.1 mi
Longest tank 1033 km (642 mi) on 10.56 gal = 60.8 mpg
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