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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is an insane expense for a depreciating asset. That’s why I drove an old crappy corrolla. Try to keep costs low as possible. If you want wheels if you can manage to keep the annualized cost incl insurance to around 100/mo on average that’s a “good” deal. So if you want wheels - 100/mo minimum and that’s driving some old pos [/quote]

I have a 19 year old honda and insurance is only $400 a year (Maryland). Maintenance probably another $250/year. [/quote]

How much do you drive?  Seems like you aren't factoring in new tires, brakes, battery, etc. that likely had to be replaced several times, assuming you drive say 1000 miles per month.  However, if you only drive 5,000 miles a year...probably a different story.

[/quote]

DP but this is another huge benefit of working from home.  Now, I drive around 3,000 miles per year.  I just spent $700 putting new tires on my 2018 Corolla—it was kind of a shock to learn that cars can actually cost money because that’s the first time in seven years I’ve had to spend more than the cost of an oil change on my car.

And of course, since it’s a Corolla, I paid cash—so no car payments or the rip-off comprehensive insurance coverage that lenders require.

Serious question, though, how does everyone rack up so many miles on their cars?[/quote]

DH used to drive 44 miles (one way) to work.  So about 100 miles M-F if he wasn't traveling.  
With 2 kids and their activities, I used to put 75-100mile per day driving them to/from activities (tag teaming with drop-offs and pickups) and preschool was 10 miles each way just to start when younger.  
So it's not difficult to put 1.5-2K per month on a car

Now we live in a city, so I drive DH to work (1.3 miles each way) and pick up.  We walk most places, but I drive to grocery store about once per week, because while we can walk 6-7 blocks, it's difficult to carry everything home. [/quote]

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