I have a ‘97 corolla with that is dying. I’m moving to a suburb of Chicago to live with my aunt and I can get by with public transportation. I was wondering what vehicle ownership really costs, I think this will help me make my decision. I’ve been trying to make a list of *all the expenses related to a vehicle; and then way the pros and cons of not owning/not-owning a vehicle. Also are there any good online sites with calculators for this? I found these three, but I’m not sure how they calculate the expenses:
http://www.youngmoney.com/calculators/auto_buying/auto_loan
http://www.fuelefficiency.org/?q=car_buyers_guide
http://www.bloomberg.com/invest/calculators/leasebuy.html
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with the cost of fuel public is better, if you can do it. you can always rent a car for trips. also try using words like true cost of ownership, put in the vehicle you are thinking about,and it will show you ave fuel costs, maintenance, depreciation,etc. example prius and civic hybrid. ave 5 year costs(depreciation is huge chunk) were about $38000,