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04-18-2013, 11:43 AM | |
In Search of a Life
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AAA: The average cost of your car per year: $9100
http://www.usatoday.com/story/news/n...costs/2070397/
The average owner of a sedan has to shell out nearly $10,000 a year to own and operate that car, according to auto club AAA. A new AAA reports shows, on average, the cost of driving 15,000 miles a year rose 1.17 cents to 60.8 cents per mile, or $9,122 per year. Overall, that's a roughly 2% increase on the cost of operating a car last year. Auto club AAA studies five cost categories – maintenance, fuel, tires, insurance and depreciation – for its annual "Your Driving Costs" study. The biggest percentage increase this year was in maintenance costs, which grew by 11.26% to 4.97 cents per mile, on average, for sedan owners. Average costs in all categories are lower for smaller vehicles and higher for bigger ones. The maintenance cost estimates are based on the cost to maintain a vehicle and perform needed repairs for five years and 75,000 miles, including labor expenses, replacement part prices and the purchase of an extended warranty. "As a vehicle gets older you tend to encounter more significant repair costs," says Michael Calkins, AAA's manager of technical services. Since last year's study, there were substantial increases in labor and parts costs for some models, and a significant rise in the price of extended warranties. "People are keeping cars longer," Calkins says. "Extended warranties are seeing a bit of an increase in claims. That's where the costs have gone up." The second biggest increase: Insurance costs, which rose 2.76%, or $28, to an annual average of $1,029. AAA's insurance cost estimates are based on a low-risk driver with a clean driving record. Fuel costs rose 1.93% to 14.45 cents per mile for the average sedan owner. The actual average cost of regular gas went up 3.84% to $3.49 per gallon; but several of the vehicles in the AAA study had small improvements in fuel efficiency, which partially offset the fuel cost increase. Depreciation costs, which had dropped in last year's study, ticked upward slightly, by .78% to $3,571 a year. That might be because, as new vehicle sales recover, more used cars are available, which has softened the resale value of clean older models, Calkins says. "The length of time people keep cars has been going up for the past several years, since the real estate crash," he says. "The average age of the vehicle on the road now is 11.1 years. It's not just for financial reasons that people are keeping cars long. The quality of the cars is also improving." Tire costs did not change from last year, remaining at about one cent per mile, on average, for sedan owners. AAA has published "Your Driving Costs" since 1950. That year, gas cost 27 cents a gallon, and it cost about 9 cents a mile to drive 10,000 miles a year AAA report: http://newsroom.aaa.com/wp-content/u...gCosts2013.pdf |
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04-19-2013, 06:17 AM | #46 |
The Maintenance Guy
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04-19-2013, 06:18 AM | #47 |
Shaken. Not stirred.
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VARSITY
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still a hell of a lot cheaper than a new car price. I can live with that.
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My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs. |
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04-19-2013, 06:23 AM | #48 |
The Maintenance Guy
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Yep, someone else is still taking that initial hit of depreciation. What bothers me about cars that are only a couple years old is it makes me wonder about why is was only kept by the original owner for such a short time. If it's someone who buys a new one every couple years, and they know they won't have it a long time, where's the incentive to take care of it? Or is a repo or a rental or a fleet vehicle? None of those are appealing to me either.
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04-19-2013, 06:59 AM | #49 | |
Shit
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traveling salesman owned it |
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04-19-2013, 07:09 AM | #50 | |
Beloved & Awesome CP Celebrity
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I bought new because I wanted to and I can afford it. Got my car for invoice price. Last car I had for 14 years and I only put about 10k/yr on them.
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04-19-2013, 08:25 AM | #51 | |
Go Beavers!
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My Forester ('09 with only 14,500 miles) was a lease return. |
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04-19-2013, 09:43 AM | #52 |
Rabbi Goldmann
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04-19-2013, 09:48 AM | #53 |
Don't tread on me.
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We fix all of our own stuff at our shop. Everything from suspension to motor, transmission, differential etc etc. I did not read the whole thread, but if he is saying he only pays $150 a year for repairs and maintenance, I don't believe that. Unless it's a brand new car and you only have oil changes. I have a 96 Escort, just had to put an alternator, outer tie rods and sway bars on her, and did an oil change and it that cost me about $150. Thats wholesale cost and no labor or tax.
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04-19-2013, 10:02 AM | #54 |
Say hello to my little friend
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04-19-2013, 10:05 AM | #55 |
Don't tread on me.
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04-19-2013, 10:36 AM | #56 |
MVP
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I leased my car, which at the time was perfect for me. I have an allotted 15k miles per year, and after three years I have put a total of 16,800 miles on the car.
Since the depreciation is set at the time of the lease, my car will be worth more than the cost to buy it outright from the dealership. It just makes no sense for me not to end up buying out the remainder of the car and then re-selling at a profit. |
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04-19-2013, 11:38 AM | #57 | |
The Maintenance Guy
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This is as bad as the time I had to post my ****ing car title because R8ers didn't believe we paid cash for it. |
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04-19-2013, 11:42 AM | #58 | |
The Maintenance Guy
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As far as my van, I guess I was just lucky with it because I never had to take it into a shop for anything, the few problems I had with it I was able to repair myself. |
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04-19-2013, 11:43 AM | #59 | |
Molôn Labé
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I never said I didn't believe you , I just wanted to see if you would do it ... That was a fun day, I had you pounding on the keyboard with your knuckles |
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04-19-2013, 11:48 AM | #60 |
The Maintenance Guy
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