What did your previous vehicle cost you?
I recently sold my 2005 F250 and wanted to see what the vehicle actually cost me, so I added up purchase price, upgrades, service, repairs, wear items, insurance and registration then subtracted the s...
Forum Discussion
This thread is not about discouraging anyone from their passion or interests. It's about what a vehicle really cost you over the length of your ownership. I know some people would rather not add up what their chosen lifestyle costs, but I like to look at how fast I am burning through money compared to what I bring in and how much enjoyment I get out of that self-built bonfire. If you indulge in a hobby where you are constantly worried about the cost, you need to reorganize your priorities because you are missing out on the enjoyment.
I cannot afford to finance fun because the end cost is too much for what I earn. For me to replace/buy toys or vacation requires saving until I have available funds. My latest vehicle required ten years of saving (making payments to myself). Not having to pay someone else interest for a purchase has allowed me to travel more and pay off debts. As I mentioned before, these calculations are about the balance between work and life. Each person tips the scales a little differently.
I cannot afford to finance fun because the end cost is too much for what I earn. For me to replace/buy toys or vacation requires saving until I have available funds. My latest vehicle required ten years of saving (making payments to myself). Not having to pay someone else interest for a purchase has allowed me to travel more and pay off debts. As I mentioned before, these calculations are about the balance between work and life. Each person tips the scales a little differently.
