The last post started me to thinking about the cost of my truck. Here is what I came up with.
My tuck is worth about what my tradein was worth so I just figured that part was just a wash. My truck is a 1997 Chevy S-10, three door extended cab, 4 cyclinder, five speed, and a/c. I have owned it 8 years and put 150,000 miles on it. So here are the numbers.
$12,371 total I paid in payments
425 total in personal taxes
256 in license fees
7,200 insurance cost
these costs would acure whether or not I drove
1,425 general repairs
600 body repairs not turned
625 oil changes
$23,192 total ( I'm sure there were other small things I
can't think of)
$23,192 / 150,000 miles=$.1546
rounded to 15 1/2 cents a mile not counting gas. The repairs will start to add up with so many miles on it.
Gas @$3 a gallon / 28mpg= 10.7 cents per mile at todays prices.