No, as usual you put thought into only your own situation and failed to grasp that everyone else's situation, and that they themselves(thankfully), are different from you and doing things for a different reason. I'm still waiting for you to figure out that other do things differently from you and that maybe, just MAYBE, you're not the smartest person in the room. No luck so far.
No, I thought about it a lot, especially when I was choosing where to live and work. I see a lot of people that go through the same thought process and pick different things. I prefer not to be the smartest person in the room because then I have a chance at learning something.
Yep, I drive a Subaru. They have a well earned reputations for being lesbian cars. I'm okay with that, I'll muff dive with the best of them. Mine's not a forest green wagon so that helps out my street cred at least a little bit. It's the sportiest non-turbo sedan they offer and it's about as fun as an econobox can get IMO.
Probably, I'd think about a Subaru for a shitbox also.
I had a Pontiac G6 that I bought new. Once we were done with it I kept it around an entire year and drove it less than 1500 miles. It just wasn't worth driving 3 vehicles around for maintenance reasons and the fuel difference even when it was $4/gallon worked out to 2 gallons per day for the G6 and 3 gallons per day for my truck. I get cheap insurance (MEEMIC) so I was ahead of the game. I bought the car for $22k and sold it 6.5 years later for $7k with 80k on the clock. Tires, brakes, shocks, struts one time. Even if I drove the car exclusively it wouldn't cover the cost of plates and insurance.
I bought my last truck for $29k out the door and sold it for $17k 6 years later with 113k on the clock. Tires and brakes one time. So, $12k in depreciation in 6 years or $166/month. G6... $184/month. Let's say I bought a used $15k Taurus SHO and sold it 5 years later for $6k or $150/month. How many trips to the lumber yard is that $16/month worth? Are plates and insurance free? Or is that "luxury of a third car" a tax of convenience when you don't want to change the oil on one and will "get to it on the weekend"?
Want some math? Fine. $120 to plate isn't far off. I think it's a little less but close enough. About $70/month insurance, so about $960 a year to own.
I drive about 25k miles a year. At 27mpg on the low end, that's 925 gallons, or $1850 in fuel at $2/gal, which I think we can all agree is below the average over the past 3+ years.
My new truck averages 18-20mpg. If I'd keep it below 80 or not use the remote start excessively it'd do better. My wife's AWD 4 banger Equinox only gets 21-24mpg. The G6 got 24-30 depending on remote start abuse.
If I were driving my truck at 13.5mpg average, which is both the correct number and makes the math really easy since it's 1/2 the mpg of the Lezbaru, that's 1850 gallons or $3700.
My 1984 K10 got better mileage than that. So, I wouldn't drive a 13.5mpg truck either as a commuter. I also wouldn't drive a Yaris. Picking some bad gas mileage 3/4 ton truck or some crew cab long box dually V10 Ford 4x4 as a baseline isn't a fair comparison.
So on the low end, driving the car saves me $1850 in fuel. Owning the car costs $960 so that means just the basics save me $890 a year. Then there's the fact that maintenance IS a lot cheaper than the truck. Parts are half the size and not far from half the price. Tires last almost twice as long. Oil capacity is almost half as much.
Would it save you $1850 in fuel if you factored all the times you couldn't stop somewhere and pick something up because you didn't have a truck? I stop at the home improvement stores all the time on the way home from work (it's on the way) so I don't have to go to town as much. And I'm a lot closer to town than you are.
The last 6 vehicles I have owned (a couple Equinox, a couple trucks, the G5 we only had for 6600 miles, and the G6) have had zero maintenance other than oil changes, air filter once, wiper blades, brakes, and tires with the exception of the G6 I did replace the shocks and struts trying to quiet down the interior. Not even a headlight bulb replacement. The last two Equinoxes and this current truck I don't even have to do the first 4 oil changes. But yes, 8 quarts into my new truck is a bit pricey.
Then there's the fact that I've got about $4k into the car. I got it with 76k miles on it, have put that many on it again and I could turn around and sell it for damn near the same price again. (Buying a $20-30k car like you're talking about for an econobox is just stupid. That's not economical at all and isn't what this thread was even based on, so I won't even get into that. And yes, I'd rather drive my car than a CTS or 5 series. It gets better mileage, more fun factor, doesn't burn 2 quarts of oil between changes, and my turn signals work in traffic.)
You got a deal on the car.
If you look at the used prices on a CTS they're pretty cheap.
If I had put that many miles on my truck, besides the extra maintenance costs I would have had to pay, its value would have dropped by at least $3k, or even more if it were a nicer truck like that fancy new stuff you buy. Don't even get me started on the depreciation you're putting on that truck. That alone could pay for every vehicle in my driveway.
I buy the "fancy stuff" because the math isn't that bad and I get a deal on insurance. It's nice to get into a vehicle that is fairly new. I never thought I'd like heated steering wheels... makes me think I should start wearing tapered leg jeans with the cuffs rolled up and a hemp necklace.
The depreciation on the new truck is probably going to hurt... if the last ten years is an indicator of the future I'll probably sell it for $17k less than I paid for it in 6 years. Might seem like a lot but if the past is any indicator that's pretty much all I'll "lose". I can't drive a shitbox to work every day because I do have to have people in my vehicle with me a couple times per week. So, I've got perception to deal with also. Ever noticed the people that get paid a lot and get the best raises have the nicest vehicles and whatnot? It's silly but my boss drives a 15 year old Toyota Camry and I make more money than him. I'm sure I'll get a better raise than him also this year but I digress... I also never did figure out how to stuff 8' lumber in the G6.
I'm willing to pay the extra "tax" of driving something nice. It's never depressing to get into a 6.2L truck. There is a reason when you're commuting into work you see all those people driving nice cars on their long commutes. It's not always to keep up with the Smiths.
I live less than 35 miles from work and typically spend 35 minutes in the car each way. That's not bad. I love my house, love where I live, and have zero complaints about that situation. My previous job was 40 miles and about 55 minutes each way. It was a bit much but still 100% worthwhile. Want some numbers to throw at it? Fine. Living 10 miles from work would cost conservatively $75k more for the same house on the same property in a nearby location, and probably another $1k a year in property taxes. I'm not even gonna do the math on the payback of that because I know it's not there for me. And I'd still be living somewhere I don't want to live. That's not about money, that's about happiness.
I live 24 miles from work and 18 of it is the expressway and it takes me 25 minutes (assuming I've left by 6am). So, I don't know how you're averaging a mile per minute where you live. But anyway, it's only when it's approaching an hour you should probably look at it. Half an hour is reasonable.
I don't blame you for wanting to live where you do. It's a nice area. I prefer to live in an area where I'm the hilljack country bumpkin instead of living in an area full of hilljack country bumpkins.
You never did factor in time, or what your own time is worth. Your made-up house is about a $600/month payment. Assuming you make $60/hr and pay 25% in taxes then that's 13 hours per month you'd be paying for civilization being nearby. What are you going to do when the kidlet wants to go to soccer practice, play hockey, etc? Then you're driving for how long into town all the time? How long does it take you to go to the movies or a real grocery store? It's the same reason why I ended up buying the house I did.
You starting to get it yet? I only did this because I don't feel like going to bed yet and it was easy math. It's all a moot point because this entire thing comes down to personal preference. People can and will do whatever the fuck they want. It doesn't make them wrong. But despite doing what I wanted to do, the math still works out greatly in my favor.
I don't think you did all the math and I don't think you factored in your own time. But that is up to you. I'd rather work on my mud truck than a 10 year old Subaru that gets me back and forth to work. And I like my heated steering wheel, my power folding camper mirrors, and the fact I never have to work on it.
I also don't think you factored in depreciation on two vehicles. A truck like my old one was for sale for $3k more with only 40k on the clock... and it was a LTZ with a 6.2L. So depreciation of something around 100k or less seems to be based on age more than miles.
Enjoy driving your $45k truck(assuming you got a helluva deal on it) for 5 years and selling it for $20k at best. I'll enjoy driving my $4k car(really, I do enjoy it) for 5 years and selling it for $3k. Look at that, I just paid for my Jeep habit by not wasting money.
I actually did get it for $44k and change... I think it went a little over because I rolled plates into the sale price. I never thought I'd pay more in sales tax than I did for the entire purchase cost of most of my previous cars. And yes, I felt stupid for it, but I got out Excel and it didn't seem unreasonable.
I don't think you're only spending $1k to drive it for 5 years but that is OK. And do I think driving my truck is 10x better than your car? Or on the perceived depreciation, 17x better? Probably not, but I suspect your car would get sold if you looked at the costs. But I wouldn't enjoy driving a fat, slow, 3/4 ton truck that rode terribly every day either so maybe I'd keep the car.
OctothorpeWhiskeyTangoFoxtrotAreWeInHighSchoolAgain?
Should I say "stat" or something to sound cool? I don't know how this works.