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My Car Story

How much have you spent on cars in your lifetime? Without factoring in insurance, repairs, registration, taxes, and fees, here’s what it’s looked like for me:

Total Purchase Cost: $96,800
Residual Value: $60,100 (Estimated value of 3 cars I own now)
Price of car ownership: $36,700
*
1987 Mercury Lynx (Purchased by my wife before the wedding. Traded in on the Probe for virtually nothing. Probably the dumbest purchase I ever made!)
*
1989 Ford Probe
$12,900 financed over 4-years
Sold May 1996 for $3,500
*
1992 Honda Civic DX
Purchased August, 1992
$10,800 financed over 3-years
Sold June 1996 for $8,700
*
1990 Toyota Corola (Right Side Drive)
Purchased Oct 1996 $3,500 for cash
Sold May 1999 $2,000
*
1986 Honda Vigor (Right Side Drive)
Purchased June 1996 $1,700 for cash
Sold Dec 1998 $900
*
1994 Subaru Impreza
Purchased July 1999 $7,900 for cash
Sold May 2002 $4,500
*
1999 Nissan Altima
Purchased June 1999 $13,500 (financed for 3-years)
Sold July 2006 $7,300
*
2002 VW Jetta Wagon
Purchased June 2002 $18,000 (financed for 3-years)
Currently for sale $10,300
*
2006 Subaru Legacy LTD
Purchased July 2006 $23,100 (financed for 3-years, paid off in 1)
*
1964 Pontiac Tempest Custom
Purchased July 2005 $5,400 for cash

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