I've owned the TSX 4 years now. Here is what I figure.
Bought for $17,000.
Current private party value is $12,000. $5,000 is my 4 year cost for depreciation.
Traveled 55,000 miles at $0.11 per mile. $6,050 in fuel over 4 years.
$800 in 4 years of insurance.
$560 in all maintenance including oil changes, wiper blades, mods, and an UltraGauge.
$130 in registration costs.
Total $12,540 in 4 years. $3,135 per year. $0.23 per mile. This should reduce as the rate of depreciation decreases, and I remove full coverage insurance.
The reason the cost is so high in the AAA report is because it assumes people buy a new car from the Stealership, and then trade it in 5 years later. This is the most expensive way to own a car.
Last edited by redpoint5; 05-15-2014 at 02:33 PM..
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