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General Topics / My E30 318iS Ownership Cost Analysis [DATA]
« on: April 25, 2010, 06:46:17 PM »
Interesting. I keep records to about the same degree that you do but use a trusted indy for most things beyond routine maintenance, mostly because I don't have much time for wrenching myself. Without going into excruciating detail, my costs are as follows:
4/2008 to 4/2009
Maintenance & Repair $5,244.36
Fuel $2,137.98
Insurance $1,016.00
Total cost $8,398.34
Miles Driven 16,664
Cost/mile $0.50
4/2009 to 4/2010
Maintenance & Repair $1,949.13
Fuel $2,152.74
Insurance $1,016.00
Total cost $5,117.87
Miles Driven 18,667
Cost/mile $0.27
I've owned the car for 24.5 months and I don't mind spending the $ as long as I can schedule maintenance and repairs and the car goes in and out of the shop under her own steam. It's been stone reliable and looks very nice for a 20 year old car, having been generally well cared for since birth (I have records back to 10/1991 totaling >$20K in maintenance and repairs).
Next up for the car: Tires, some fluid changes, and some minor body work.
I figure that I'm not paying interest on a note (if you pay 7.5% on a $15K note over 4 yrs, you'll lay out $2400 in interest) my depreciation is MUCH less than that for a new car, and I like the car, so I'm happy.
I don't generally consider a DD to be an appreciating investment anyway...
4/2008 to 4/2009
Maintenance & Repair $5,244.36
Fuel $2,137.98
Insurance $1,016.00
Total cost $8,398.34
Miles Driven 16,664
Cost/mile $0.50
4/2009 to 4/2010
Maintenance & Repair $1,949.13
Fuel $2,152.74
Insurance $1,016.00
Total cost $5,117.87
Miles Driven 18,667
Cost/mile $0.27
I've owned the car for 24.5 months and I don't mind spending the $ as long as I can schedule maintenance and repairs and the car goes in and out of the shop under her own steam. It's been stone reliable and looks very nice for a 20 year old car, having been generally well cared for since birth (I have records back to 10/1991 totaling >$20K in maintenance and repairs).
Next up for the car: Tires, some fluid changes, and some minor body work.
I figure that I'm not paying interest on a note (if you pay 7.5% on a $15K note over 4 yrs, you'll lay out $2400 in interest) my depreciation is MUCH less than that for a new car, and I like the car, so I'm happy.
I don't generally consider a DD to be an appreciating investment anyway...



