I bought a 2002 PT Cruiser in may of ’05 with 52,000 on it. Paid $9,000. The first three years I kept track of every penny spent. After that I estimated – with pretty good figures to go on.
It’s cost me .29 per mile. I had no finance charges since I paid cash.
I wonder though – should I count what I would have earned on the 9,000 had I invested it? Well, I guess not because then I would have had to finance the car – at a higher rate.
So I’m happy with 29 cents per mile. I’ve previously done better with older cars – especially the one with which I was in two minor accidents that paid me much more than I spent to repair them. But they were also junkers from the start – not much fun to drive. I’m now looking at a two-yr-old Prius.
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