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Old 04-18-2013, 11:43 AM  
Deberg_1990 Deberg_1990 is offline
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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 Ė maintenance, fuel, tires, insurance and depreciation Ė 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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Old 04-18-2013, 06:37 PM   #31
theelusiveeightrop theelusiveeightrop is offline
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Old 04-18-2013, 06:56 PM   #32
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I will probably look at buying new for my next car, simply because so many of the used cars in the 2-3 year old range have 40-50k on them already. Not to mention how ****ing piss poor most people treat/take care of their cars. My current car is 12 years old and running fine, so I am years away. But I don't plan on buying new cars every few years like so many. If I buy new, I will drive it for years and years.
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Old 04-18-2013, 07:26 PM   #33
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Old 04-18-2013, 08:53 PM   #34
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That's the way I go. Buy a new car about every 10-12 years.
Yep. Three cars in the household now, each 10-13 years old. Drive 'em till the wheels fall off, with our own mileage...147K/126K/98 K.

Haven't had a car payment for over six years.
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Old 04-18-2013, 08:57 PM   #35
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Old 04-18-2013, 09:31 PM   #36
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I bought my current car new, JUST because I wanted to at least go through the process of buying a new car and losing a bunch of money on depreciation once in my life. Every car I get from now on will probably be a couple years used.
Yup, been there done that..lesson learned.
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Old 04-18-2013, 10:23 PM   #37
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Yup, been there done that..lesson learned.
Come on now, somebody needs to be taking a bath on new cars so us cheapskates can have a good supply of good used vehicles to choose from.
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Old 04-18-2013, 10:52 PM   #38
cosmo20002 cosmo20002 is offline
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Ok, I forgot oil changes twice a year and air filter once a year. That's another $60/year on both vehicles. And yes, a light bulb here or there, but those are negligible in cost.

So far on the Camry we had the timing belt replaced ($300) and tires replaced (another $300), and that's it. She only puts 6-7,000 miles on it a year.
Timing belt replaced for $300? That seems impossible.
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Old 04-18-2013, 11:17 PM   #39
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Timing belt replaced for $300? That seems impossible.
Why do people think I'm lying about this stuff? It's not like I'm talking about my penis size or 40 time or how far I can throw a football.

But you got me, it may have been $317.83 or even $322.47 or something like that. I don't remember the exact amount and I didn't think it was important enough to dig up the receipt so I rounded it off.
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Old 04-19-2013, 01:24 AM   #40
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Yeah I don't think those cars are worth it either. All the new is used up, and they still command a high price. 5-10 years old is where the most value is IMO.
Yeah, but then you are looking at 80-100k miles on the car.
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Old 04-19-2013, 01:26 AM   #41
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Why do people think I'm lying about this stuff? It's not like I'm talking about my penis size or 40 time or how far I can throw a football.

But you got me, it may have been $317.83 or even $322.47 or something like that. I don't remember the exact amount and I didn't think it was important enough to dig up the receipt so I rounded it off.
Shit, I have had two timing belt changes in my lifetime on two different cars and they both exceeded $500.
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Old 04-19-2013, 01:50 AM   #42
3rd&48ers 3rd&48ers is offline
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Saying No To New Cars
Got a million bucks? If not, donít buy a new car!
http://www.daveramsey.com/article/sa...ey_automobiles

Thinking about buying a new car?

Try this instead: Take your current car out for a drive, open the window, and repeatedly throw $100 bills out the window. Now that sounds dumb, doesnít it? But when you buy a new car, youíre doing the same thing the moment you take it off the lot.

If youíre a millionaire, then feel free to go nuts and buy yourself a shiny, new car. But 98% of Americans simply canít afford it. Youíll save a ton of money and heartache if you will just buy used!

So why are we making such a big deal about new cars? One word: depreciation. New cars lose 70% of their value in the first four years. When you buy used, the original owner has already eaten the cost of depreciation. You, on the other hand, get a great four-year-old car for a great dealóone well below the expensive wholesale prices of new cars.

Letís dig just a little deeper. Say that you are thinking about financing a new car with payments of $400 a month, just a little below the average car payment. Your current car is worth around $1,500. If you take that $400 and pay yourself, instead of the dealer, youíll have a $4,000 paid-for-with-cash car in just 10 short months.

Sell your old car and youíll have $1,500 to bank as you continue saving $400 a month. Ten months later, you have $5,500 for a used car. Repeat this process again, and youíll have a $10,000 car just 30 months after you started saving. How much more sense does that make than buying a new car and watching its value drop like a rock?

Used car lots are overflowing. Millions of cars come from expired leases. For-sale-by-owner magazines are easy to find. Usually, the best deals come from individuals who are eager to get rid of their cars. They have one car to sell, not hundreds of cars like a dealer, so they will be more desperate to get the car out of their yard. Also, call some of the banks in your area and ask them how they dispose of their repossessions. Repo auctions are a great way to find good deals.

Before you buy a used car, make sure you come prepared. Know the value of the car you are considering. Visit websites like KBB, Edmunds and Carmax and do your research, especially if you are working with a dealer.

Remember, unless youíre a millionaire, you canít afford a new car because you canít take the hit in depreciation! The new car smell just isnít worth it.
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Old 04-19-2013, 06:09 AM   #43
Baconeater Baconeater is offline
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Yeah, but then you are looking at 80-100k miles on the car.
So? The Camry had 82k on it when we bought it, the truck 107k and my van 158k, and they have all proved to be good values.
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Old 04-19-2013, 06:12 AM   #44
Baconeater Baconeater is offline
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Shit, I have had two timing belt changes in my lifetime on two different cars and they both exceeded $500.
Yeah I was a bit surprised that was all it cost, and that was even at a dealership. One reason they cost so much is they often replace the water pump while they're in there as well, but the dealer said that wasn't necessary until the 2nd timing belt change.
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Old 04-19-2013, 06:12 AM   #45
Guru Guru is offline
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So? The Camry had 82k on it when we bought it, the truck 107k and my van 158k, and they have all proved to be good values.
Thats too much for me to settle for. When I buy I want to see no more than 30k on the damn thing.
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