Hi Opher,

Agreed. The piece isn’t intended to look at the full cost of car ownership in the life cycle of the car (if it were, I would break it down to a cost per Kilometre or to translate for you Americans the cost per mile;).

The main point I wanted to drive home is how many months the average person would need to work to cover the costs of owning a new car in year 1 of owning it.

I might write a follow up that would look at the full cost of buying a new car in the life cycle of the car. It would be interesting to break it down by average cost per Kilometre and the total number of days of work needed to cover the cost of the car in it’s lifecycle.

Thanks as always for the thoughtful comment!

Ben

Sharing personal finance lessons I’ve learned on my journey from debt to Financial Independence. Join the Financial Mentor Program: https://bit.ly/35WV7Az

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