111
[article] Owning a car in Montreal costs an average of $1,310 per month
(montreal.citynews.ca)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Feb 2024
111 points (95.1% liked)
Fuck Cars
9574 readers
326 users here now
A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!
Rules
1. Be Civil
You may not agree on ideas, but please do not be needlessly rude or insulting to other people in this community.
2. No hate speech
Don't discriminate or disparage people on the basis of sex, gender, race, ethnicity, nationality, religion, or sexuality.
3. Don't harass people
Don't follow people you disagree with into multiple threads or into PMs to insult, disparage, or otherwise attack them. And certainly don't doxx any non-public figures.
4. Stay on topic
This community is about cars, their externalities in society, car-dependency, and solutions to these.
5. No reposts
Do not repost content that has already been posted in this community.
Moderator discretion will be used to judge reports with regard to the above rules.
Posting Guidelines
In the absence of a flair system on lemmy yet, let’s try to make it easier to scan through posts by type in here by using tags:
- [meta] for discussions/suggestions about this community itself
- [article] for news articles
- [blog] for any blog-style content
- [video] for video resources
- [academic] for academic studies and sources
- [discussion] for text post questions, rants, and/or discussions
- [meme] for memes
- [image] for any non-meme images
- [misc] for anything that doesn’t fall cleanly into any of the other categories
Recommended communities:
founded 1 year ago
MODERATORS
This article is shit, but based on this line:
The solution is “don’t buy a new car” which isn’t unique to Montreal.
Even a used shitbox car is more expensive to buy, maintain, and fuel than walking or cycling.
Montreal LOVES bikes.
I can't believe that the average person is buying a 100k+ car.
Ya not too sure how they get to that number. They are likely including everything to do with the car over ten years (gas, repairs, insurance, etc.) but it seems pretty excessive.
Even a new car at $50k with a 20% down payment and 7.1% interest loan over 6 years would cost about $60k overall for the purchases itself.
I have a pretty lengthy commute and probably more than the average person, and probably pay about $7500 per year for gas and insurance so $75,000 over 10 years. That still leaves another $35,000 leftover for things like tires, oil changes, and repairs which seems pretty excessive.
So you have $35,000 left to account for.
How much did you buy your car for, and how much can you sell it for after a decade? Depreciation is one of the larger costs of car ownership. Assuming you financed it, there's also the cost of interest on the loan.
Also registration and other state fees.