I’m sure many of you keep track of your costs in some Excel workbooks, and that includes your car. Would you share with me all the costs that come with owning a car, for your case? Ideally, I would like to see the fixed costs (per year) and variable cost (per km). What comes to mind:
- financing/cost of capital
- seasonal tire change
- tire replacement
- car wash
- windshield wipers, fluid, engine oil
Background: I rent a Model 3 and pay a simple price of 0.50 CHF per kilometre. The owner said he calculated the total cost and that what I pay barely covers the cost. But I thought that this depends on how much you drive. If I go to Poland and back, that’s 2400 km, so it costs me 1200 CHF. So I will always think twice before going on longer trips. That’s why I was considering buying a car, so that I don’t have to think about the cost of each kilometre driven. But the friend says I won’t get the cost down unless I drive over 50’000 km per yer. And he brought up the fact, that companies will refund you 0.65-0.70 CHF per km driven for business reasons in a private car, a number which exists for a reason.