Comments on: Cost of Driving One Mile http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html like a friend telling you about money ... Fri, 19 Mar 2010 16:55:55 -0500 http://wordpress.org/?v=2.8 hourly 1 By: me! http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html/comment-page-1#comment-1955 me! Mon, 27 Apr 2009 20:17:02 +0000 http://blog.thefinancebuff.com/?p=189#comment-1955 think about the psychological cost of biking or walking your groceries home, or using public transit, or asking a friend for help.. or not being able to get that drive-thru you desperately need on your study break at 2 am.. or not being able to do as many things as you'd like to do (and yes, i know, that's our society's way of life, but i enjoy it).. i enjoy having the car i just got. totally used, but completely useful for me. i am willing to save up those 50 cents next time at the grocery store and buy cheaper bread to make up for the trip in the long run. but maintenance costs are definitely a pain. oh well. think about the psychological cost of biking or walking your groceries home, or using public transit, or asking a friend for help.. or not being able to get that drive-thru you desperately need on your study break at 2 am.. or not being able to do as many things as you’d like to do (and yes, i know, that’s our society’s way of life, but i enjoy it)..

i enjoy having the car i just got. totally used, but completely useful for me. i am willing to save up those 50 cents next time at the grocery store and buy cheaper bread to make up for the trip in the long run.

but maintenance costs are definitely a pain. oh well.

]]> By: Anonymous http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html/comment-page-1#comment-304 Anonymous Tue, 13 Nov 2007 14:42:00 +0000 http://blog.thefinancebuff.com/?p=189#comment-304 Yes, but it would be appropriate to analyze the marginal mileage cost if just looking at a single trip. For example, even if you were to use public transportation for 95% of your travel, what do you do about the other 5%? I think you should consider the cost of the car, insurance, and upkeep as a sunk cost and only consider the marginal costs of driving each mile (gas, addt. maintenance, accident risk, etc). If one were truly willing to dump the car, then one would experience more costs for getting groceries home, etc. Yes, but it would be appropriate to analyze the marginal mileage cost if just looking at a single trip. For example, even if you were to use public transportation for 95% of your travel, what do you do about the other 5%? I think you should consider the cost of the car, insurance, and upkeep as a sunk cost and only consider the marginal costs of driving each mile (gas, addt. maintenance, accident risk, etc). If one were truly willing to dump the car, then one would experience more costs for getting groceries home, etc.

]]> By: FinanceAndFat http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html/comment-page-1#comment-303 FinanceAndFat Tue, 13 Nov 2007 01:43:00 +0000 http://blog.thefinancebuff.com/?p=189#comment-303 Wow! I never thought about what my real cost of commuting is- other than the mental fatigue of driving over 50 miles per day round trip. That's a lot of money I'm wasting.<br/><br/>Thanks! Wow! I never thought about what my real cost of commuting is- other than the mental fatigue of driving over 50 miles per day round trip. That’s a lot of money I’m wasting.

Thanks!

]]> By: dbp http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html/comment-page-1#comment-302 dbp Mon, 12 Nov 2007 20:31:00 +0000 http://blog.thefinancebuff.com/?p=189#comment-302 Excellent post! It's just so easy to overlook the total cost of ownership of driving a car. 'Cost per mile' is an excellent way to look at it so that it actually changes behavior. Excellent post! It’s just so easy to overlook the total cost of ownership of driving a car. ‘Cost per mile’ is an excellent way to look at it so that it actually changes behavior.

]]> By: Anonymous http://thefinancebuff.com/2007/11/cost-of-driving-one-mile.html/comment-page-1#comment-301 Anonymous Mon, 12 Nov 2007 19:28:00 +0000 http://blog.thefinancebuff.com/?p=189#comment-301 Ahh, but this is 'Merica where people will drive 20 miles to save $5 on a fill-up...<br/><br/>Would be curious if the auto industry has any stats on the average or median mileage life of a car - seems like 200K is high IMHO. Ahh, but this is ‘Merica where people will drive 20 miles to save $5 on a fill-up…

Would be curious if the auto industry has any stats on the average or median mileage life of a car – seems like 200K is high IMHO.

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