I promise this is the last post about cars for many, many years to come I hope. But I did find the post of JL collins about the cost of a car really interesting. JL Collins is much better at keeping track of his expenses than I am (I am lazy after all). And he has been doing it for a lot longer than most of us have.
I already knew cars are expensive. There is a reason I didn’t own one till I was 35 and a big part of me being able to build up a stash can be attributed to me not owning a car. But I still found it quite a shock to see his number at 5,000+ USD per year. Gulp!
I then ran my own number for the last 2 years we had our old car and I arrive at an annual cost of around 3,000 euro. And these are the numbers for a second hand car bought for 8,000 euro when it was 4 years old. JL Collins numbers also show the last years are the cheapest and I also know I had a big maintenance bill before I started tracking our numbers. So realisticaly speaking we should be more around 3,500 euro to 4,000 euro cost per year with the 1,000 euro difference with JL Collins being explained by our lower amortizing costs because our car was cheaper than his.
Damn, cars are expensive!
For me and my girlfriend this is almost one full month each year we need to work just to pay for the car we mainly use to get to work! I know it’s crazy but we all do it!
I am curious if other people have other numbers? If so, please post them!
Now, taxes do play a big part in these expenses: 20 biljoen euro of our money flows to the government via our cars each and every year. But even taking those into account we do pay a lot of money for being comfortable while moving.
A small reminder of a simple fact
Mr Money mustache already knew it back in 2011: you can get rich by using your bike more often.
But sometimes we need to remind ourself of these simple facts. The rise in electric bicycles means that you now can cover greater distances faster. And car sharing services are popping up in more places, even our countryside!
Or perhaps we should all just switch to a velomobile?