Posted on 10/25/2020
How to save 66% on the annual cost of ownership of your vehicle! You can lower your annual vehicle cost of ownership by 66% without filling your own tires or changing your own oil. By following the method outlined in the University of Michigan's report titled Report No. CSS04-01 which can be found at http://css.umich.edu/sites/default/files/css_doc/CSS04-01.pdf Warning! this report is 94 really dry and boring pages. The good stuff is on pgs. 21 & 22 and 32 & 33 Executive summary: In the Uof M's study example a 2000 model year, generic sedan cost $20,000 to buy and cost $5,300 per year for depreciation, taxes and fees If we jump forward to 2020, an average-priced 2020 model vehicle costs $38,000, plus, in Cook county, $3,800 sales plus dealer fees etc. Using the dep ... read more