It has become apparent that I am the custodian of a terribly dry blog.
I sold the old 1998 A4 Avant yesterday for $2000. I purchased it nearly 4 years ago for $4200 making the 'depreciation' only $2200 over the course of 4 years. See below for details on how all the other expenses stacked up. To me the most interesting numbers are down at the bottom. $/mi by year and accumulated. It will be interesting (no really!) to see what the 2008 car with 34k miles will be like with high depreciation but low maintenance costs.
Year 4 cost of ownership numbers...
Total miles: 246,684 (69,543 of them mine)
Year 1 miles: 20,195
Year 2 miles: 25,304
Year 3 miles: 12,653
Year 4 miles: 11,391
Total gallons of fuel: 3265
Year 1 gallons: 930
Year 2 gallons: 1155
Year 3 gallons: 618
Year 4 gallons: 562
Average miles per gallon: 21.3
Year 1 mpg: 21.7
Year 2 mpg: 22.0
Year 3 mpg: 20.8
Year 4 mpg: 19.9
Fuel cost total: $10,137
Est year 1 fuel cost: $3022
year 2 fuel cost: $3056 (cheaper gas this year, 5k miles for 'free' avg $2.64/gal)
Year 3 fuel cost: $1911 (avg $3.24/gal)
Year 4 fuel cost: $2148 (avg $3.82/gal)
Insurance total: $2201
Year 1: $380
Year 2: $486 (rates went up and I didn't notice?)
Year 3: $667 (added collision coverage)
Year 4: $668
Maintenance total: $4119
Year 1: $1730 (all sorts of random junk, some murkiness of what to 'count')
Year 2: $1442 (big timing belt and hose repair job and oil changes only)
Year 3: $426 (heater core, hatch struts, O2 sensor, oil changes)
Year 4: $521 (tires, oil changes, smog check)
Accident repair: $1695
Total everything cost of ownership: $21,185 (!)
Year 1 total: $11,608 (includes$4200 purchase)
Year 2 total: $5069
Year 3 total: $3086
Year 4 total: $1422 ($2000 subtracted for sale)
$/mile by year excluding purchase, accident repair, and sale
Year 1: $5,600/20,195 = $0.28 ($0.15 fuel / $0.13 ownership)
Year 2: $5,067/25,304 = $0.20 ($0.12 fuel / $0.08 ownership)
Year 3: $3,086/12,653 = $0.24 ($0.15 fuel / $0.09 ownership)
year 4: $3,422/11,391 = $0.30 ($0.19 fuel / $0.11 ownership)
All inclusive $/mi as expenses and mileage accumulated
After 1 year: $11,609/20,195 = $0.57 ($0.15 fuel / $0.43 ownership)
After 2 years: $16,677/45,499 = $0.37 ($0.13 fuel / $0.23 ownership)
After 3 years: $19,763/58,152 = $0.34 ($0.14 fuel / $0.20 ownership)
After 4 years: $21,185/69,543 = $0.30 ($0.15 fuel / $0.16 ownership)
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Pretty good stats. It's also a good demonstration of how much cheaper it is to buy used. Depreciation will drive these numbers up with a new car.It will be interesting to see what you report in 10 years on your current Audi!
ReplyDeleteAs others have pointed out my 'time' didn't make it in to those calculations. The labor costs were 'zero' so for non mechanics this story would not have gone well and it would have been cheaper to have been driving a less used car I think.
ReplyDeleteI will use this in life skills class. Most of them think cars are free and all you need is a set of keys.
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