Calculating True Cost of a car

Great links. Thanks Mike.

FYI I like the Edmunds one better. It shows the cost for each year. I used my 2024 Mini as an example. First year depreciation cost is $12k!!! After that less than $2k per each year.

Moral of story. Don’t buy new. Saving $12k in just one year will easily cover almost any potential unexpected repair bill.