ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Saving money after significant loss.

Updated on April 8, 2012

Abbout 4 years ago my car was stolen. I was very upset. For weeks in fact. I was left in a cmrisis. I just could not go out and buy another car not even a super cheap one.

You see the car I owned was fairly modest small car anyway. It was a1994 Ford Laser Hatch. And yes you guessed it it was not at the point of time of the theft -insured for theft. Well I got it backa couple of weeks later and it is wrecked. The repair costs for the mechanical side alone was at best 5000 dollars. The quote actually cost me 86 dollars as well. Well despite the loss of sleep Ive been thinking about the costs of running a car and have made the following calculations.

The purchase price of the car six years ago was 11900 dollars on the road

I estimate that on average I fill the tank once per week at an average price of 50 dollars over the last six years. That makes the cost of petrol over six hears to be 15 thousand dollars.

On top of that is registration and third party insurance which for my car is 590 dollars per year.Six years of registration and third party insurance has cost me 3500.

Then there is the service costs. I have had my car service 15 times since I bought it at an average service cost of 400 dollars. The total service costs since i bought it amount to six thousand dollars.

then there is incidentals such as car wash/wax/parting tickets/ parking meters/parking stations.

I estimate these add another 20 dollars a week on average. Therefore another six thousand dollars over six years.

so what do we have; purchase price 11900

petrol 15000

service costs 6000

registration 3500

incidentals 6000


total $42,400.00


well if Isaved that amount over six years at 8% the 42,400 would be worth at least an additional 20,352 dollars.

making a total of $62752. Actually it would be much more as it would compound each year over the six years. We can safely say that the figure would be more like $80,000.

Now say I took public transport to move around as I do and the occasional taxi. I estimate I would spend an average of $40 per week. Well the 80,000 dollars had cost me roughly 260 dollars a week and Ive got nothing to show for it at the end of that time. As well Ive had to drive myself, wash it take it here there and every where in heavy stressful traffic. Whereas if I took the bus or taxi the driver would be getting stressed and not me.

As well the saving to my environmental footprint would be huge.



    0 of 8192 characters used
    Post Comment

    • gjcody profile image


      9 years ago

      Interesting summation. Would be good if I had that type of transportation ...but unfortunately ....It is not in my area. But it is really eye opening when you put it all together. Thank you for sharing best to you!


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)