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Vehicle%2BCost%2BRecord_1_ - 3000/15 = 200 gal commute fuel...

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Vehicle Cost Record 2004 Ford Ranger purchased Feb. 2005 MSRP $25,675 – late season discount $ 2161.82 = $23,513 purchase price + $1433.79 sales tax + 1473.00 non-taxable charges = $26,419.97 total delivered price. Trade-in $946.97 Take home price = $25,473 4.0 L V-6 Engine, 4 WD option, fuel injection, 5 speed automatic EPA rating: 15 MPG city, 19 MPG highway. State of MI annual license fee $100 Annual insurance State Farm $625 Mileage to date 37,000 Five year average per year 7400 miles. 7400/15 = 500 gallons Average workday commute: 12 miles round trip, 250 workdays per year = 3000 commute miles
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Unformatted text preview: 3000/15 = 200 gal commute fuel Note: Shopping, vacation trips, etc. shared with another household vehicle! Average price of gasoline during 5 years 3.00/gal x 500 = $1500 per year fuel cost. Assuming ten year usage, cost per year of ownership = $2500. No financing charges! Maintenance cost estimate $ 500 / year over ten years. Annual cost without fuel = $ 3725 Total vehicle cost per year with fuel $5225 Total cost at $4 /gal fuel $5725 Although fuel costs are low due to short commute, initial cost and subsequent amortization is also lowmany vehicles have higher initial cost....
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