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When we add "opportunity cost" to all the other costs, cars become even more expensive. The thousands I save per year through keeping my modded '98 Civic (instead of replacing it with a more "valuable" car) go into three things: college savings for my daughter, house mortgage principle reduction, and retirement savings. Those are interest earning accounts. Depreciation therefore becomes appreciation.
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See my car's mod & maintenance thread and my electric bicycle's thread for ongoing projects. I will rebuild Black and Green over decades as parts die, until it becomes a different car of roughly the same shape and color. My minimum fuel economy goal is 55 mpg while averaging posted speed limits. I generally top 60 mpg. See also my Honda manual transmission specs thread.
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