cazalea[Seiko Moderator]
18110
Meaningless Math: Cost to own/run a car
Sep 05, 2024,17:18 PM
Today I went past 50,000 miles in my "new" Lotus, which prompted me to consider (briefly) the cost of owning such a frivolous motor..
NEW
The first owner had the car 3 years (1095 days) and put on 2200 miles. So just 2.0 miles per day.
I have his lease contract, and ignoring gas, oil, insurance, registration the difference between buy/sell price was $5.26 per day, or $2.63 per mile
At the time I thought, "That crazy guy! He only drove this fine car 2 miles a day?"
USED
I bought the Elan after it went off lease, via a dealer, on May 9, 1995. It had 2201 miles.
I have owned it for 10,712 days and done 47,813 miles=4.5 miles per day at estimated $1.50 per mile + running costs
At this time I am thinking, "That crazy guy! He only drove this fine car 4.5 miles a day?"
Of course, I did a bit more math and discovered I have also owned 29 other cars in that span of years...