We have two cars--we drive each about 5000 miles/year. One is a '95 minivan (22 MPG), one is a 85 Toyota (30 MPG).
I'd say you have the world's two cheapest cars, almost miraculously cheap. I drive approximately 4000-5000 miles/yr with a pretty new compact car, and have never had an at-fault accident, or any traffic violations in over 10 years. Insurance runs $940,
Insurance (two cars, two drivers, Liability and uninsured motorist): $460 per year total = $230 per vehicle per year
Car A: 5000 miles/22 MPG = 227 gallons x $2.50/gal = $570
Car B: 5000 miles/30 MPG = 167 gallons x $2.50/gal = $418
Ours came with the house. Full of junk. Cars sit in driveway. Not good.
routine oil changes, washes and maintenance $250
Oil changes--Three per year per car = $150 total ( I do my own on the Toyota, but use the cheapie coupons for the minivan. The filter is inaccessable except by monkey). Washes: Hose and $2 in soap and wax per year. Washes are rare. Scheduled maintenance (independent mechanic) = $150 per year per vehicle (again--I'm only driving 5000 miles/year)
Registration and vehicle inspection add $250 or so per year.
Each car = $107.61 per year
Forget about occasional big-time maintenance like timing belts, new tires, etc
I bought four new tires for the small car this year--$250, but I won't be doing that again for many years. Over the last 3 years we've had about $3000 in repairs and big ticket maintenance (air conditioning-ouch! a timing belt and related "while you are in there" stuff), plus tires for the other car. So, about $500 per car per year.
And of course occasionally some clod is going to hit your parked car, or whatever, add another $500.
As you can imagine, our cars don't get entered in many car shows. I don't think I'd notice if someone hit it unless the airbag went off (in the one that
has an airbag). I've never had any bodywork done on either of these cars, I don't want to spoil them. Driving a POS is truly liberating, I really don't worry about the shopping carts in the parking lot or about Grandma parked next to me with her Coup d'Ville and it's 4' long doors that weigh 200 lbs. Granny, do your worst!
So, upon closer examination it looks like our direct costs of ownership are $3115 per year total on these two cars, or about $1600 per car.
I think my other estimate of $2000 per year for vehicle replacements might be low in the future, but it overstates our present investment. One of our present cars cost less than $2000 and I've been driving it for 11 years. The other cost $15K and we've been driving it for 10 years. So, the purchase cost on our two present vehicles amortizes out to $1620 per year (in "then year" dollars), or about $810 per car. When we replace them I'll probably spend $20-30K per vehicle, but I plan to keep the new ones for 10-15 years each.
I guess the keys to cheap auto driving are:
- Live in a place where it is cheap to register and insure a vehicle
- Get rid of any sense of pride in the vehicle. It's an appliance.
- Be lucky. Accidents, blown head gaskets, CV joints are expensive.
Runzheimer's estimates: I could easily spend that money on a car, and would have no problem doing it if it were someone else's money.