alt Hacker NewsApproximate monthly cost of owning a car in the city:
Lease or loan: $350
Parking in city: $300
Car insurance: $180
Gas: $120
License/Registration: $42 (~$500 per year)
Maintenance: $17 (~$200 per year)
If you live in the city and you can afford not driving, please put that extra $1000/month into your brokerage or HYSA
Replies
0xffff2 • yesterday at 8:07 PM
If two Waymo rides per day is covering your driving needs, there's no way you're spending $120/month on gas. Also, car insurance in CA is a huge ripoff, but I still don't pay anywhere near $180/month for very thorough coverage on my ~$40k car. Believable enough otherwise though.
➕ show 1 reply
If you're tying to budgetmaxx, why are we having a car payment on our total?
Gone are the days of $500 dollar drivable shitboxes, although you can easily get cars in the US for under a few grand. Why you'd be penny pinching and taking a loan out is beyond me. You ideally don't want a loan for anything, but some may excuse a home loan...