Re: The Drive-a-Toyota Act
- From: "Mike Hunter" <mikehunt2@xxxxxxxxxxxx>
- Date: Mon, 30 Jul 2007 13:02:10 -0400
If one wants to calculate the TRUE annual cost of ownership, one must take
into consideration the total cost of acquiring a vehicle, insuring,
maintaining, repairing and operating that vehicle and at some point the
replacement cost for another new vehicle.
Assume two buyers buy exactly the same $25,000 car. One buyer is the average
American new car buyer who replaces their car in three to four years. The
other buys a new car every ten years. The average person in the US drives
15,000 miles per year. For a 3, 4, and ten year old cars that will 45K, 60K
and 150K miles. The average deprecation in 3 years is 20%, in four 30%, in
ten year 95% For the purpose of calculation, assume the cars have four
year 60K warranties and the owners are covered by equal insurance policies,
at the same cost, both cars use the same amount of fuel, each vehicle needs
an annual state inspection at $75, every owner performs all of the required
normal preventive 5K maintenance, that averages $50, as well as the required
15K maintenance that averages $400, each has a major repair $1,500 and a new
vehicle goes up $1,000 a year. You can set you own average shop rate and
part prices to make the comparison. Assume warranty covered repairs, the
45K, 60K and 150 maintenance need not be added in, since the owners will be
replacing the vehicle(s)
In ten years, after they both have purchased another new car and the cycle
begins again, who will have spent the most money per year? Are you
"Nza" <thenza@xxxxxxxxx> wrote in message
On Jul 3, 3:54 pm, "Cathy F." <clfrc...@xxxxxxxxxxxx> wrote:
I just checked the Toyota's site: the hybrid battery's warranty is for 8
years/100K miles. I tend to keep my cars a while, & the longest I've
kept one has been 8 years, the shortest was 4, and usually it's 6 years.
personally wouldn't even begin to factor in the possible eventual cost of
new battery when deciding on purchasing a hybrid.
Let's say someone buys the car used after 5 years and the battery
immediately fails. Is the warranty going to cover the new owner?
The last time I bought a battery for my 1979 Celica, it was a generic
Advance Auto cheapie battery. It was a 24 month battery, but it is
still good. It cost about $60. The toyota cost me $400 from Ebay,
$140 in diesel fuel to drive 1000 miles round trip to get it (it was
in 2000), and $50 for an "in-town" trailer rental..
Once I got the car, I found that the motor needed freshening. I put ~
$800 into the motor and parts for it. I have had to spend $450 on six
tires so far. Replaced the brake master cylinder ($40 ebay), the
clutch master ($25 ebay), the transmission (brother ran it out of
fluid) with one from another parts car (labor only). Replaced the
pitman arm ($30 ebay) and the idler arm ($25 ebay).
Total that and it's $2020. I have no idea what i've spent on gas
over the last 45,000 miles I've put on it in the last 5 years (didn't
drive it for two when i first had it), but around town it gets around
18 - 20 mpg and on the road it gets 28 - 30 mpg at 75 - 80 mph all day
I can't understand why someone would *want* a new car..
Let's just say all those miles were in town, getting 20 mpg, with gas
at $3,00 per gallon. (although i know that more than half of the miles
were highway and significantly LESS than $3,00 a gallon)
45,000 / 20 = 2250 gallons.
2250 * 3 = $6750
$6750 + $2020 = $8770
45,000 miles / $8770 = ~ 5.13 cents per mile.
Now *THAT* is what I call an economy car. I challenge *anyone* with a
new car to come up with an operating cost that low.
Stick that in your tailpipe and smoke it.
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