You've made the decision to live without a car. Congratulations! While a car is a useful solution to getting from place to place, it can also cost a lot of money to maintain. Cars can also cause a lot of unneeded stress. Without one,...
That might be old news …. The average new car is north of $40k, so $4k in costs every year means you keep it ten years to cover the purchase, and that assumes no fuel, service, repairs, insurance. And there aren’t many of us who keep cars 10+ years. And trucks are insanely priced
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And only $16k/year for a car in Canada! $2. 5k less than the average Canadian mortgage, what a bargain!
Yeah I don’t know people who pay that. It costs about 4k per year.
That might be old news …. The average new car is north of $40k, so $4k in costs every year means you keep it ten years to cover the purchase, and that assumes no fuel, service, repairs, insurance. And there aren’t many of us who keep cars 10+ years. And trucks are insanely priced
If you are buying new cars, well that’s it’s own problem
Those are both Canadian medians, but that doesn’t invalidate your lived experience.
https://www.ratehub.ca/blog/what-is-the-total-cost-of-owning-a-car/