ST Alpha - "For that part that is money, this floored me: "the average cost of owning and operating a car as north of $8,700 dollars a year" -- nm" (Reading a Post)

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In response to "Why Young Americans Are Driving So Much Less Than Their Parents (spoiler: it's not just money) -- (link)" by ty97

For that part that is money, this floored me: "the average cost of owning and operating a car as north of $8,700 dollars a year" -- nm

Posted by ty97 Apr 10 '12, 10:50

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Responses:

Huh. Even if they're spreading the purchase cost of the car out over the length of your ownership, there are people spending a LOT more than I... - Dr.Vermin Apr 10, 10:56 11
- I'd like to see the breakdown of the 8700, but fuel, maintenance, registration, insurance all add up. -- nm - ty97 Apr 10, 10:57 10
  - YBS. - Dr.Vermin Apr 10, 11:02 4
    - I estimate it at about $2500 for fuel+insurance -- nm - Beryllium Apr 10, 11:05
    - It includes depreciation, which I doubt many people account for, and isn't a cash outflow in any case. -- nm - Roger More Apr 10, 11:04 2
      - The appear to be using depreciation in place of car payment or amortized cost if someone paid cash. -- nm - ty97 Apr 10, 11:06 1
        
        Which is fine, but it's still a different definition of cost than most people use in their daily lives. -- nm - Roger More Apr 10, 11:08
  - I tried to find it, but it's an unlinked footnote in the report. -- nm - TFox Apr 10, 11:00 1
    - it's here - Roger More Apr 10, 11:02
  - Parking, also. -- nm - Roger More Apr 10, 10:58 2
    - This is primarily why we've been a one-car household; it would be prohibitive for me to park downtown -- nm - Beryllium Apr 10, 11:01 1
      - (turns out parking wasn't included) -- nm - Roger More Apr 10, 11:02

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