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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when you said that you totaled everything, i thought the car got smashed!`
you did a great job restoring the car and with the mods!