Out of curiosity I made a spreadsheet and figured up what my car has cost so far. I included the original purchase price, all parts, upgrades, maintenance and repairs. I did not include tags, insurance or fuel.
*drum roll please*
My 1993 Mark VIII has cost $9,501.48
I bought it in February 2001 so I've owned it 38 months at $252.00 a month.
I spend approximately $70.00 a month on insurance and $5.00 a month to keep it tagged.
I love my car but honestly I'm not sure it has been the great deal I always thought it was. I've only put 24K on it in those 38 months. (631 miles per month.)
I do consider my car part of my entertainment budget, and did spend $2500.00 on HIDs and a good Stereo, and $700.00 on tires, so it's not like all that money was just to keep it running. It has never left me stranded anywhere. The CE light isn't on, it looks good and everything works. It is extremely comfortable and fun to drive; I have drag raced it and autocrossed it with nary a complaint.
I'm going to have to spend more soon for some impending problems.
Money trap? Probably. But I've enjoyed this car and this site came with it, which adds a lot of value into the equation.
Just food for thought.
*drum roll please*
My 1993 Mark VIII has cost $9,501.48
I bought it in February 2001 so I've owned it 38 months at $252.00 a month.
I spend approximately $70.00 a month on insurance and $5.00 a month to keep it tagged.
I love my car but honestly I'm not sure it has been the great deal I always thought it was. I've only put 24K on it in those 38 months. (631 miles per month.)
I do consider my car part of my entertainment budget, and did spend $2500.00 on HIDs and a good Stereo, and $700.00 on tires, so it's not like all that money was just to keep it running. It has never left me stranded anywhere. The CE light isn't on, it looks good and everything works. It is extremely comfortable and fun to drive; I have drag raced it and autocrossed it with nary a complaint.
I'm going to have to spend more soon for some impending problems.
Money trap? Probably. But I've enjoyed this car and this site came with it, which adds a lot of value into the equation.
Just food for thought.