Quote:
Originally Posted by nemo
Don't forget to factor in the other costs of owning a car. Purchase price and or depreciation, insurance and taxes.
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Yes. And for me, keeping this 1998 Civic as my daily driver since 2001 has been a MAJOR depreciation saver relative to new cars or near-new used cars. Part of keeping my civic cheap to own as it ages has been learning to do all repairs myself. I learned that by modding as well as repairing. My transmission swap cost $300 in parts, but I learned so about my drive train by doing it. So the financial benefits of modding are more complex than merely the cost/savings of a given mod because it is also mechanical training. Long ago, I learned to look at the economics in this holistic way. The key is to retain my dedication to this one car as a financial strategy.