• Pipoca@lemmy.world
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    1 year ago

    Why do so many people think renting a vehicle when you already own one is cost effective, or a reasonable thing to do?

    The 5 year cost of a fairly base 2020 F150 is ~49k according to Kelly blue book - that’s fuel, maintainence, depreciation, loan interest, etc. The 5 year cost of either a 2020 Civic or a 2020 Chevy Bolt is $37k.

    $12k / 5 years = $2,400/year. If you’d spend less than that a year, you’d be better off renting a truck when you need it and driving a cheaper vehicle daily.