Quote:
Originally Posted by Johnny Mullet
So I totaled everything I have invested in this 1998 Metro including the purchase price.............
Total cost of car and repair/upgrade parts/supplies = $829.50
Total labor time involved for repairs/upgrades = 38 hours
Amount saved by doing own work with estimated $60.00 per hour rate = $2280
Miles driven since purchase in April = 6800
6800 divided by average of 57MPG = 120 gallons of fuel
Average price of fuel would be about $3.50 x 120 gallons = $420.00 estimated
If I were to use my truck as primary vehicle
6800 miles divided by average of 15 MPG = 453 gallons of fuel
453 gallons at $3.50 average = $1585.50 estimated
Amount saved in fuel by driving Metro 4 months = $1165.50
Amount saved when driven 1 full year = $3495.00
Technically, the car is totally repaired and nothing more should go wrong so if I have no issues for the next 5 years, this car would save me a total of $17,475.00 in fuel savings alone. I truly believe I would not sell this car for what it could have been purchased for brand new back in 1998.
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Don't forget to add the cost of savings in tire wear. Don't know how big the tires are on your truck, but four of the 13" metro tires probably cost about the same as one truck tire.