Car ownership is $$ I tend to amortize things I own. My computer, 10 years and running at over $1000 -> $100/yr.
Well with cars, cost of ownership per mile driven is around 52cents per mile. This is a composite number generated back in 2007 by AAA. Edmonds pegged it at 42 cents per mile in 2009.
Soo think next time you hop in a car. how much is that the trip costing you!
And some cars it can be as much as $3-$5 per mile or more.
Car insurance in NYC was astronomical back in the '80s $3000/yr. so I moved to NJ in '82 car insurance came down slightly but not much. Then in California, I still pay over $1200/yr on my Prius. No accident, no ticket, non-smoker, discount cause my home owners is with them... Haven't changed my insurance to Oregon yet so not sure what its going to cost.
Buy a cheap reliable car. keep it until it falls apart then buy a new car. Leasing doesn't make sense. Buy it in cash if you can. And be very gentle with your car so it lasts longer!!!
I wish I could be car free!




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