I just sold a car I bought back in Sept. of 2003. Back in 2005 I wrote a posting attempting to estimate the cost of owning a car. At the time my estimate was $12.65/day or 42 cents per mile.
I’m not going to attempt to redo that calculation having just handled the appropriate bits of paper I know that if I consider only amount I paid to buy the car and how much I just sold it for; then the two odometer readings the it comes out to twenty five cents per mile.
Where I estimated the depreciation as $5 per day back in 2005 it turned out to be $6.30 per day. You can take 3 bus and subway rides for six dollars in Boston.
$13 dollars/day is $4745/year. Which is enough to buy two unlimited bus and subway passes along with 500 hours of zip car rentals. Food for thought; and that’s before tax rebates and bargaining.