devmach-e
Well-Known Member
- First Name
- David
- Joined
- Sep 8, 2021
- Threads
- 1
- Messages
- 2,015
- Reaction score
- 2,469
- Location
- SF Bay Area
- Vehicles
- 2022 Premium RWD ER, 2016 Toyota Highlander Hybrid
- Occupation
- Unix Sysadmin
You are not doing it wrong. You do the same as me: keep the car as long as possible and then pass it on to a family member for cheap/free. If the car still performs the same now as it did 5-years ago, and there's not been a lot of updates and upgrades since you bought it, there's little reason to upgrade and restart the debt cycle. A heat pump might be of use in a colder climate like Chicago, if you don't mind the hit to the frunk capacity.Not to derail the thread, but just curious if I’m doing it all wrong when it comes to car ownership. When I buy a car, I pay it off fast and keep it for a long time. So, my math is pretty simple on my First Edition… I think I paid about 52k out the door after tax credit. It was on Ford Options but I paid the whole thing off before Options ended, so basically 0% interest loan. I’ve owned it for five years and I’ll likely keep it another three, after which I’ll either sell it for maybe $12k or gift to one of my kids. Either way, I credit that value back to me so i basically spent $40k to drive a car for 8 years. $5,000 a year or $417/mo.
So how would perpetually leasing a Mach E (or comparable) compare?
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