100,000 Miles @ $0.365/Mile

Impressive detail. Congrats! I especially like the addition of lost opportunity cost of capital. Sounds like the car has ran basically flawlessly for those 100k miles? Any detectable oil consumption?

 

Good Write Up ATHiker. Wow, you were a super early taker on a 16 prius. You surely have one of the first off the assembly lines. I don't believe there were any in Florida till February or March in Florida. I hope you're planning on running it another 100K or so given your depreciation estimated value of 11K

 

Yes, good to see - most people don't take that into account - not even depreciation.

When I bought the PRIUS, I had quite a few cars factored in my spreadsheet - including 2 BMWs (i3 and 330e) which was close on double the amount. When I factored depreciation and "cost or money" - it was scary - made it much more than double the cost.

I had a "discussion" not long ago with someone - hadn't even thought of anything other than the cost of petrol. When I mentioned tyres, service costs etc - went glassy eyed - it seems that she only ever fills it up, but her husband arranges tyres, services, wiper blades - and she hadn't taken any thought that, combined with insurance and registration, they'd be more than the cost of petrol.

 

Congrats! you certainly do a lot of driving. wow.

 

Congrats!. Impressive numbers. Prius is one of those cars, more you drive, more you save cars. I have been keeping a detailed record of expenses related to car operation and maintenance myself for my last three cars. My last car Gen3 Prius driven 30 months 35K had a real cost of ownership of $615.83/mo and $0.527/mile. The gas cost only was similar to yours at $0.046/mile. I am hoping my current car, Prime will exceed this number in 12 months.

 

Dead right. But generally it's thought of as the cost of the money during the time you have the "object". And then you forget that you ever had it in most fiscal calculations.

But I could, in theory STILL count the cost or running my first car in 1972, the 1973 car, the 1975 car ... because, if I'd forgone those purchases and invested the $$$ at compound interest - I'd be a millionaire.

BUT - (assuming never owned a car) I'd have to have deducted the cost of extra time travelling, the cost of TAXI, Car Hire, Bus, Train etc fares - and the lost wages for when the bus didn't turn up and I was late to work. That looks a bit complex - so we don't do that. [Or ridden a pushbike / walked everywhere.]

BUT - in reality, we own the following gadgets - which we just write off as part of life:

• house [or rent]
• car
• piano
  
• coffee maker
• bed
• linen
• coffee maker
• fridge
• vacuum cleaners
• coffee maker
• phones
  
• et al

We start off with nothing - and take nothing with us.

 

A really LOT of people don't factor in "cost of money"......or even know what that IS.
That's why they are always "broke".

 

Lot of variables to consider....but, I'm guessing the $10K wouldn't allow for much of an early retirement. If one invested $10K and managed to get a return of 8% annually (estimation of historical stock returns), it'd come out to about $100K after 30 years. Not sure that an extra $100K would allow a significant change in retirement....

 

"Gas overflowed while filling up 2x (every Prius owner needs to read up on that)"

This grabbed my attention. I haven't seen anything about it. Is there a known problem putting gas into these cars? Thanks.

 

But take into account maybe 25 cars over 50 years (assume 2 cars in the household for much of that time). Admittedly, they're not all 30 years investment - some only 1 year, others 50 years. Well over 2 mill I'd guess - except, you've not been able to go anywhere.

 

You have three coffee makers. I have at least five different coffee makers. I can't even imagine what life is like without good cup of coffee. LOL

 

Never had it, and don't recall any comment with Gen 4s. Though - maybe USA has different fuel filler - I know your opening mechanism is different.

 

Good point. I’ve spent a LOT of money over the years on cars. I’m recently retired - early. If I had spent less money on cars, I probably could have retired earlier . Of course, I very much enjoyed some of those cars - wish I’d kept a couple of them - hard to put a price on happiness though...

 

Only one at a time - but I must have got carried away typing it in THREE times. Probably because I'd drunk a coffee but it hadn't kicked in - yet. That's when you think it hasn't worked and you get another just in case it never does.

 

+1!!

Hope you see 300K!

 

Yes, sometimes I ponder the cars I've had - whether I moved them on too soon. It's odd, the most obscure ones, or not necessarily the nicest ones, I've fond memories of.

I had 2 VW Microbuses ('74 and '77 - the latter Auto+A/C!!) - and even in average condition now are worth as much as a new PRIUS. Loved both those. Oddly enough, one I particularly remember was a Manual '80 VOLVO which I bought when it was 19 yrs old because I needed a cheap car - kept it 4 years, repaired quite a few things on it - kept me occupied, and I worked on a lot of the repairs with my son who gained a lot of experience with helping (and he could crawl underneath instead of me!!).

 

Yeah, I realized there are THREE. I corrected it. I have all five of them now and use all of them depending on what kind of coffee I want to brew. If you need a kick, I suggest brewing (cooking?) real Turkish coffee with a cezve. More punch than double shots of espresso.