Rich One
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- Jul 17, 2012
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Thanks, Rich. Your list motivated me to see what my car is costing me to own (at today's prices).
Here's what I came up with for my 1994 Puegeot 405 (which I really like, even after driving a half dozen German sedans in the USA):
License plates: $000
Fuel: I drive about 3000 km per year and usually buy about $400 of nafta per month: $14.400 for 36 months
Oil and Filters: one filter and six ltrs of oil per year: estimate $1.800 for 36 months
Tires: New three years ago (and should last at least six more, so one third of buying the same tires at today's prices: $2000
New battery (once every three years): $1000
Maintenance in the past six years: about $12.000 pesos (new head gasket, water pump, timing belt, many suspension parts): $6.000
Insurance $350 per month (for liability coverage only as collision coverage for my car is not available): $12.600
Parking Cochera: 000
TOTAL: $37.800 Avg: $1.050 per month
I don't have to be very concerned with depreciation or resale value (About $50,000), but If I am at fault in an accident the insurance will not cover the damage to my car. Fortunately, I have the covered space to "part it out" if that ever happens. If I have to buy another used car in the next ten years, I would look for the same model (made through 2001).
Great xcise
Note that you don't have cochera and license plates expense your insurance is nominal and .
Tires: at $500 pesos each ?? great purchase send me some. price here over $1000.
Fuel for 9000 km s or 900 litres at 15 pesos per liter so $13,500 in three years /accurate
Mechanic Prices not applicable to Capital too low
Oil changes: double your amount here in three years $3600
So you are at least $100 per month short
Good luck