Saturday, 26 January 2013

The Real Cost of Owning My Car

The internet is littered with such articles, so I thought why not one more. But this time, using real numbers.

On August 4, 2003, I bought a brand spankin' new Subaru Impreza Outback Sport. Along the way, no expense was spared on maintenance. Nine and a half (9.5) years later it still runs great, and not a speck of rust on it. The latter is no easy feat in a Canadian climate.


Save for gas, I've kept track of every penny my car has sucked from my bank account. The purchase price of the car, including taxes and interest was $37,565.30. If you're American, keep in mind cars in Canada are more expensive. Currently, an Acura TL is about $10,000 more than in the US.

Over the course of 9.5 years, maintenance, insurance and plates has run me an astounding total of - are you sitting down - $24,948.10.

That's a grand total of $62,513.40 over 113.85 months of ownership; or
= $549.08 / month; or
= $6,589.02 / year.

As long as the engine and transmission keep chugging along, I plan on keeping my car for another 4 or 5 years. In time, my data will enable me compare the cost owning versus leasing.

Expenses incurred are detailled in the table below.


IMPREZA



Purchase date
August 4, 2003

Today's date
January 26, 2013

Age of car (in month/year)
113.85
9.49
Car milage
183,000 




Including insurance and plates
including purchase cost
Average cost per month
219.13 $
549.08 $
Average cost per km
0.1363 $
0.3416 $



Excluding insurance and plates
including purchase cost
Average cost per month
147.96 $
477.91 $
Average cost per km
0.0921 $
0.2973 $



Purchase cost of car, including taxes and interest
37,565.30 $

329.95 $




Date
Description
Coût
4 August, 2003
License Plate
106.25
4 November, 2003
Winter Tires + Rims
930.09 $
5 November, 2003
Oil Change
28.70 $
19 December, 2003
Oil Change
28.70 $
29 December, 2003
Block heater
83.02 $
04 août au 31 déc 2003
Insurance
412.15 $
19 February, 2004
Oil Change
36.22 $
16 April, 2004
Air Filter
22.54 $
30 April, 2004
Alignment
63.21 $
14 June, 2004
Changement d'huile
36.22 $
14 June, 2004
Trailer Hitch
350.95 $
11 August, 2004
Oil Change
28.70 $
26 August, 2004
Touch-up paint
22.90 $
13 September, 2004
PCV Valve
24.77 $
22 September, 2004
License Plate
255.00 $
6 October, 2004
Oil Change + Fog Light
52.50 $
16 December, 2004
Oil Change + Silicon Spray
44.27 $
1 jan au 31 déc 2004
Insurance
874.94 $
10 March, 2005
Spark Plugs
64.64 $
6 April, 2005
Oil Change
30.42 $
6 April, 2005
Air Filter
21.62 $
18 April, 2005
Headlight
13.63 $
25 May, 2005
Rear Brakes
306.08 $
27 May, 2005
Front Brakes
208.19 $
6 June, 2005
Door Lock
38.32 $
10 June, 2005
Oil Change
30.42 $
17 June, 2005
Gas Filter
39.12 $
24 August, 2005
Miscellaneous
122.32 $
2 September, 2005
License Plate
255.00 $
13 October, 2005
Car Detailing
155.23 $
12 November, 2005
Metropolitain
86.20 $
12 November, 2005
Winter Wheel Installation
22.78 $
25 November, 2005
Miscellaneous
95.02 $
20 December, 2005
Wipers
55.19 $
1 jan au 3 août 2005
Insurance
462.44 $
4 août au 31 déc 2005
Insurance
292.04 $
23 February, 2006
Oil Change
30.42 $
28 April, 2006
Tire Rotation
68.79 $
10 May, 2006
Air Filter
15.73 $
10 May, 2006
Fog Light Switch
48.10 $
25 May, 2006
Oil Change
30.42 $
2 August, 2006
Oil Change + Short Block
179.25 $
7 August, 2006
Metropolitain
74.00 $
7 August, 2006
Car Wax
18.15 $
11 September, 2006
Summer Tires
747.44 $
30 September, 2006
License Plate
255.00 $
23 October, 2006
Oil Change
30.14 $
26 October, 2006
Miscellaneous
6.83 $
1 December, 2006
Winter Tires
530.00 $
2 December, 2006
Winter Tire Installation
45.58 $
1 jan au 3 août 2006
Insurance
408.86 $
4 août au 31 déc 2006
Insurance
285.48 $
3 January, 2007
Oil Change
30.14 $
4 January, 2007
Alignment
45.53 $
19 January, 2007
PCV Valve
24.53 $
13 February, 2007
Battery
161.47 $
9 March, 2007
Oil Change
31.28 $
13 March, 2007
Front Brakes
358.89 $
13 March, 2007
Rear Brakes
319.06 $
18 March, 2007
Prestone + lightbulb
13.43 $
3 April, 2007
Summer Tire Installation
27.12 $
5 May, 2007
Air Filter
14.67 $
11 May, 2007
Car Parts
109.51 $
13 May, 2007
Miscellaneous
14.45 $
17 May, 2007
Car Parts
18.97 $
25 May, 2007
AMSOIL
81.61 $
1 June, 2007
Oil Change
31.28 $
25 July, 2007
Soap
10.13 $
13 August, 2007
Metropolitain
74.00 $
17 August, 2007
RL Ball-Bearing
262.11 $
19 September, 2007
License Plate
255.00 $
26 September, 2007
Light bulb for dashboard
9.85 $
17 October, 2007
Headlight bulb + Miscellaneous
24.81 $
12 November, 2007
Brake Flush + Check Engine
102.44 $
13 November, 2007
Air Filter
12.41 $
22 November, 2007
Winter Tire Installation
22.56 $
26 November, 2007
AMSOIL
69.53 $
19 December, 2007
Gas Filter
25.64 $
1 jan au 3 août 2007
Insurance
399.67 $
4 août au 31 déc 2007
Insurance
250.92 $
19 January, 2008
Oil Change
51.86 $
24 January, 2008
Spark Plugs + Wheels
367.29 $
24 January, 2008
Soap
18.71 $
31 January, 2008
Wipers
60.92 $
20 March, 2008
2 Winter Tires
339.70 $
20 March, 2008
Front Bushings
106.49 $
25 August, 2008
Coolant Conditionner
6.55 $
17 April, 2008
Alignment/wiper arm/wheel nuts
160.85 $
12 August, 2008
Tool for Oil Change
14.80 $
22 August, 2008
Rhino Ramps
68.53 $
19 September, 2008
License Plate
255.00 $
1 jan au 3 août 2008
Insurance
351.28 $
3 août au 31 déc 2008
Insurance
192.85 $
27 January, 2009
Rear Brakes
291.12 $
11 May, 2009
Repair rust - rear fenders
225.75 $
15 May, 2009
2 X rear rubber fender protector
74.84 $
18 May, 2009
Car cleaning products
16.00 $
23 May, 2009
Car cleaning products
7.89 $
?
Synthetic Castrol oil
36.00 $
16 June, 2009
Touch-up Paint
11.23 $
25 July, 2009
Synthetic Oil Filter
14.81 $
01 August, 2009
NGK Spark Plug Wires
98.26 $
04 August, 2009
Metropolitain
84.60 $
17 août, 2009
Alignment
56.38 $
18 septembre, 2009
License Plate
260.00 $
22 septembre, 2009
Maintenance
28.22 $
22 septembre, 2009
Power Steering Oil
23.40 $
16 december, 2009
Gas Hose
21.14 $
1 jan au 3 août 2009
Insurance
270.00 $
3 août au 31 déc 2009
Insurance
192.73 $
2 February, 2010
Brake & Suspension Inspection
16.93 $
28 April, 2010
2 Plastic Clips
5.62 $
03 May, 2010
ATF pipe and gauge
76.74 $
07 May, 2010
ATF pipe and gauge installation
87.97 $
11 May, 2010
Check engine light verification
38.83 $
30 June, 2010
Synthetic Castrol oil & oil filter
46.26 $
13 August, 2010
Metropolitain
84.60 $
26 August, 2010
RR Ball-Bearing + Tire balancing
493.83 $
?
Transmission oil filter
22.00 $
30 August, 2010
Transmission and diff oils
67.73 $
30 August, 2010
Funnel
5.19 $
30 August, 2010
Torx T70 Ebay
12.78 $
1 September, 2010
License Plate
261.00 $
11 September, 2010
Front Brake Rotors and Pads
164.51 $
13 September, 2010
Front brake bolts & PCV valve
33.07 $
18 septembre, 2010
Summer Tires
854.67 $
22 septembre, 2010
Bleeder caps
2.53 $
22 september, 2010
Alignment
67.67 $
1 jan au 3 août 2010
Insurance
269.82 $
3 août au 31 déc 2010
Insurance
173.91 $
26 avril, 2011
Miscellaneous
131.82 $
29 avril, 2011
Front Brakes
679.48 $
1 septembre, 2011
Muffler
564.83 $
September
License Plate
263.05 $
1 jan au 3 août 2011
Insurance
243.47 $
3 août au 31 déc 2011
Insurance
173.91 $
15 january, 2012
Air filter
15.00 $
27 january, 2012
Battery + Valve Can Drain
545.32 $
2 march, 2012
CVJ front right
362.89 $
23 july, 2012
Timing belt, oil pan, motor oil, v-belt, AC belt, prestone, thermostat, oil pressure sensor
1,758.82 $
19 septembre, 2012
Rear Brakes + Calipers
792.65 $
12 sept, 2012
License Plate
270.15 $
15 october, 2012
Used Winter Tires + Rims
525.00 $
20 november, 2012
Ball Joint Front Left
241.32 $
22 november, 2012
Ziebart
97.67 $
21 december, 2012
CVJ Front Right
102.53 $
1 jan au 3 août 2012
Insurance
243.47 $
3 août au 31 déc 2012
Insurance
168.88 $




Total
24,948.10 $





6 comments:

  1. Definitely true! An engine and transmission is the heart and soul of a car. Without it, your car will be totally be useless! In order to maintain the role of these parts, it would be wise to fill up the gas tanks. Make sure that the transmission always oiled to operate smoothly. Nice price list, by the way!
    Jae Gunderson

    ReplyDelete
    Replies
    1. Thanks for stopping by Jae. Just had a cousin buy a brand new car because his 10 year old car needed $2,000 in maintenance/repairs. I don't plan on making his mistake!

      Delete
  2. Wow! That’s a very detailed breakdown of expenses. It’s pretty amazing that for over 9.5 years, it did not even give you any problems. I think all the expenses you paid for this car are worth it because it served you well. You already used this car to its full extent, I must say. ->Arlyne Nelms

    ReplyDelete
    Replies
    1. Hi Arlyne, You're right - my Impreza has served me well. I plan on getting every pennies worth by running it into the ground. I have 4 payments left on my newer vehicle and then I'm car payment free (which is one of the reasons I'll be keeping my Impreza for a while to come)! Thanks for stopping by.

      Delete
  3. You were lucky to end up with such professional mechanics! Imagine, even if they close at 5pm, which is minutes away right after you arrived, they still entertained and made sure to have your car fixed. Did you thank them enough for helping you out?

    -Randee Colton @ CapitolHillExxon

    ReplyDelete
    Replies
    1. Hi Randee,

      Thanks for stopping by. I think your comment might be meant for another article.

      Delete