Quote:
Originally Posted by Vman455
When I bought the Prius, I started a spreadsheet to track every expense associated with owning it: purchase price, taxes and fees, loan interest, insurance, expendables (fluids, tires, brakes, etc.), insurance, and, of course, fuel (~$30,500 total right now). My fuel costs are generally $0.04-0.05/mile, and overall I'm sitting at $0.38/mile all in at 80,000 miles. Were I to sell the car today for $8900 (KBB), that would lop approximately $0.11/mile off that, to ~$0.27/mile. So, that depreciation eats up more than $11,000, much larger than any other expense. At the rate I'm going my projected cost at 160,000 miles will be about $0.23/mile, and I plan to keep the car much longer than that.
Now I just need a driving job that will pay me the federal mileage reimbursement, and I could potentially turn a profit....
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My spreadsheet should give similar results as what you've calculated if you input the values you've collected. I'd be curious to compare your results vs my spreadsheet to see if there's anything major I'm missing in it.
I had the choice to pick among ~7 models of cars as a company car for a very modest monthly paycheck deduction and drive it for personal use, or buy any vehicle I wanted (no more than 4 years old, 4 doors) and be reimbursed miles and some amount of the depreciation. EVs were very attractive to me considering 2 cents per mile in fuel, and getting reimbursed at something like 50 cents per mile.
Quote:
Originally Posted by Snax
I'm out, having paid about twice what a similar age and range LEAF goes for. LOL.
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I suspect your i3 will hold the value more than a Leaf over time though. From what I've read, the battery will hold up better and the Leaves will become paperweights.