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Author Topic: Cost of Ownership over Five Years  (Read 948 times)

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RJ749

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Cost of Ownership over Five Years
« on: March 26, 2008, 10:04:07 AM »

A recent study did a cost analysis on auto ownership by state.

I hope they don't get the bright idea to do this for our bikes :huepfenlol2:

http://www.edmunds.com/help/about/press/124704/article.html

States with Highest Average Five-Year Vehicle Ownership Costs*

State      Taxes      Depreciation  Finance   Insurance   Fuel Costs    Maintenance   Repairs Total True Cost
 
Hawaii       $1,847   $19,152        $6,237     $12,744    $14,833 $      3,705             $939    $59,457
California   $3,282    $18,194       $6,467     $11,670     $14,280       $4,335          $1,120    $59,347
« Last Edit: March 26, 2008, 10:07:53 AM by Rjob749 »
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Wrongway

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Re: Cost of Ownership over Five Years
« Reply #1 on: March 26, 2008, 10:12:07 AM »

 ONLY 100 MORE BUCKS AND I COULD LIVE IN HAWAII? Just not enough riding space for me there.  WOW!
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SBB

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Re: Cost of Ownership over Five Years
« Reply #2 on: March 26, 2008, 10:22:53 AM »


Figured two years of ownership on the F350 is


Truck Cost          43K
Fuel  Cost           30.5 K   120K divided by 15 per X 3.75 per gallon
Maintenance        4K
Taxes and ins.      3K
Total                  80.5K
less value of truck 18K
Total                  62.5K
Per year cost       31.25K


Have to look at it per year cost, nothing will last for 5 @ 60K miles per year.
« Last Edit: March 26, 2008, 10:25:47 AM by Silver-Black »
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RJ749

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Re: Cost of Ownership over Five Years
« Reply #3 on: March 26, 2008, 10:45:53 AM »

Figured two years of ownership on the F350 is


Truck Cost          43K
Fuel  Cost           30.5 K   120K divided by 15 per X 3.75 per gallon
Maintenance        4K
Taxes and ins.      3K
Total                  80.5K
less value of truck 18K
Total                  62.5K
Per year cost       31.25K


Have to look at it per year cost, nothing will last for 5 @ 60K miles per year.

OK, ok, but who paid the fuel, depreciation etc. etc............. $31.25k times 38% equals $11.97k for a net cost of $19.28k and that doesn't factor in the accelerated 50% deduction for a vehicle in excess of 6,000 gvw.  :nixweiss: :huepfenlol2: :huepfenlol2:
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