$10k a year for a car? My car, a plug-in hybrid, has a monthly payment of $320, insurance is around $100 and I use around 2kwhr to and from work daily, which costs less than $2 weekly. I only use gas when driving over 50 miles a day, which works out to a 10 gallon fill once a season, so around $120/year. I mainly drive it as an electric vehicle, maintenance is minimal. The car costs me $5208 a year in predictable costs and so far in 3 years has needed two new sets of tires and an oil change.
If you drive a massive vehicle sure it can cost more, but cars don’t have to be a 5-digit item on your yearly budget.
$10k a year for a car? My car, a plug-in hybrid, has a monthly payment of $320, insurance is around $100 and I use around 2kwhr to and from work daily, which costs less than $2 weekly. I only use gas when driving over 50 miles a day, which works out to a 10 gallon fill once a season, so around $120/year. I mainly drive it as an electric vehicle, maintenance is minimal. The car costs me $5208 a year in predictable costs and so far in 3 years has needed two new sets of tires and an oil change.
If you drive a massive vehicle sure it can cost more, but cars don’t have to be a 5-digit item on your yearly budget.
$10k is the average annual cost in the USA.
I own outright and it’s still $4k CAD a year without amortization of purchase price.