I was thinking that $1 per hour of operation covers the routine expected maintenance of a vehicle, with a budget mechanic. But then you have the unexpected repairs and diagnostics that come especially as it gets older. Typical driving is 25 MPH so 100 hours = 2500 miles. Figure driving 300 hours per year.
Synthetic oil change and filter at 200 hours - $50 [250 per 1000]
ATF drain and fill at 800 hours & wipers - $50 + $15 [81.25 per k]
Tires at 2000 hours - $400 [200 per k]
Front brakes at 1500 hours - $100 [66.67 per k]
New battery at 2000 hours & air filter - $100 + $20 [60 per k]
Rear brakes at 2500 hours - $100 [40 per k]
Timing belt at 3500 hours & spark plugs & coolant change & misc light bulbs & fuel filter & replace spare tire (newer vehicles only) - $500 + $80 + $40 + $50 + $40 + $80 [225.71 per k]
Thatās [$923.63 per 1000 hours] or 92 cents per hour. Thatās 3.7 cents per mile with a 25MPH average speed.
If you bought a brand new car for $20,000, and it optimistically lasted 10,000 hours like a 90s Toyota, thatās $2.00 per hour of use. So the best case situation with no unexpected maintenance is that you pay $2.92 per hour to operate a new car through its entire life.
Iāll skip the brake fluid change. Almost nobody does it. Skipping spare tire inflations, cheaper to carry tire pump.
Get up past 5000 hours / 17 years old and some expensive things like suspension and steering service, CV axel boots, alternator goes out, radiator cracks, A/C recharge, new belts, failed ABS sensors, brake parts kits needed, rotors needed, engine mounts, oxygen sensors, cabin fan, a wheel bearing, and so on.
Iām more familliar with older vehicles. Timing chains have replaced timing belts, but then there are more issues like internal water pumps that require engine removal, internal timing belts, non servicable transmissions, and all kinds of electrical modules that can fail.