I am certainly a loon and I just like to have an idea of cost.....
demoe said:
As I mentioned in a prior Post, I am selling my 02 Spyder after 1.5 years of ownership. I added up the money I put into the car, including the Purchase Price and assuming I sell the car at what I am asking, I calculated the cost of ownership to be $1.38 per mile.
granted, I put money into the car for "upgrades" ie 19 inch rims $3600, Audio upgrades $1000, lowering the car $800, but these I felt were essential to my enjoyment of the car. I suppose I could have struck the 19inch rims off the list, by buying an 2003,albeit at a highter purchase price at the time ( I hate the 02 Stock rims), but the other items, I felt were deficiencies in the car which needed to be corrected.
Has anyone done the same? Chris in Jersey????
Demoe:
Funny you mention me... Yeah, I made all sort of calculations actually got it down on a per mile basis, but did you add in insurance and gas..... ha ha...
I paid $70,000 plus tax, it had 1,200 miles and a Tubi. I currently have 11,200 miles on it and have had it for a year.
Cost of Operating:
Costs YTD, $450 - 6K Service, $250- NJ License Plate, Oil Change next month $200.00, Car insurance $1,400., Front Speakers $200.00, Gas about 30.00 X 52 weeks say $1,600. Total Annual Cost to Drive in 1st year $4,100.00 divide by 10,000 miles gets me to .41 cents a mile....... Don't worry the cost will rise once I have to get a clutch job... and another service...
Assuming I sold the car today for $62,000.00 I would just add $8,000 of depreciation and divide by the miles....or add another .80 cents... or $1.21 per mile....
If I didn't spend the money on a toy for me, my wife would have spent it... Either way it would have been gone.... Life is way too short and you can always make money... At 32, I want to enjoy every year of my life... I do not care to become really wealthy when I am old, if that means I forgo many years of enjoyment... I try to live a balanced lifestyle, work hard, play hard...
So many times I think I want a Ferrari or a Lambo and the additional cost(s) and reduced drive time never seems worth another 80,000 on top of my car.... I love my Maz...
My wife laughs at me because I tell her, I am happy and content... Sometimes you can't put a price on that.....
As soon as your Maz is no longer worth the cost of ownership its time to sell it and move on.
I wish you all the best on your next whip.. Please let us know what you get.....
CM