Quote:
Originally Posted by Hersbird
Maybe a new car but there are 1000 ways to spend less then $100 a month on a car and all of it's trimmings. Just the fact that you also must pay for full coverage insurance on that lease is killing your cost per mile, a 2016 costs a bunch more to liscense as well. 3 years ago I paid $3000 for a Forrester. I have put $600 into it. So there I have $100 a month. Liscense plates cost $90 one time and they are good forever. Insurance costs $17/month. Even if I drove 10,000 miles a year gas would be under $80/month. The kicker is, the car would sell for at least $3000 tomorrow. If I took a couple weeks I could get $3500 or more. Plus my car works in Montana in a foot of unplowed snow or goes 100s of miles up unto the mountains and Forrest. Don't get me wrong, I want a Arcimoto for around town but seldom is a new car going to be the lowest cost choice out there. I suppose if you were wise enough to buy a 1971 Hemi Cuda convertible you would be doing pretty good in cents per mile with a 5 million dollar current value.
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Been there done that. In my earlier years I was driving $300, $500, $1000 beaters. Yes it was cheap and I can do the work myself to keep them running but something always needed to be fixed.
I have a 2003 Chevy Astro that I bought two years ago and converted to a campervan. It was $4300 with 60K miles at purchase. I've spent $505.96 and many hours getting the van to pass inspection (Evap emission problem that turned out to be the pressure sensor on top of the tank. It ran fine when I purchased it but the check engine light came on the drive home. I should have brought my scanner). The light came back on again Sunday...
To date I have replaced:
- Radiator hoses
- Coolant
- Thermostat
- Rear calipers and lines
- Evap purge Valve Solenoid
- Evap Vent Valve Solenoid
- Fuel Tank Pressure Sensor
- Mass Airflow Sensor
- Battery
Insurance: Insurance on my 05 Prius was $455.79 per year. Insurance on the 2016 Spark is $551.36 per year. Of that $551.36 only $202 is collision and comp the rest is mandatory in my state.
Fuel: Is free to me for the EV
Cost per mile @ 10K miles per year:
Spark:
$0.12 Lease
$0.06 Insurance
$0.00 Fuel
$0.18 Total
For comparison the 05 Prius averaged $0.26 per mile (not including insurance) Purchased used and kept for 10 years / 123,514 miles and averaged 46.34 mpg