Does anyone else keep records?

Discussion in 'Gen 2 Prius Main Forum' started by Prius Pete, Sep 15, 2019.

  1. Prius Pete

    Prius Pete Active Member

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    At Dec 2018 my mileage was 327K km. Here are the costs for the last 7 years on my 2004 Prius ($Canadian)

    Costs2018.JPG
     
  2. Rph74

    Rph74 Active Member

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    I do too, I do it old school. I keep all paper receipts in a separate folder for all of my cars.
     
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  3. Salamander_King

    Salamander_King Senior Member

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    I started keeping records back when I first bought my Civic Hybrid. I include insurance, tax, fees, and purchasing price of the car (plus interest paid if financed) minus the value of the car (usually price sold at the end) to calculate the actual cost to own. Currently, with PRIME, cost of electricity from the wall is also included.
     
  4. oldtechaa

    oldtechaa Active Member

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    Same here. I also record my maintenance history on Toyota Owners.
     
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  5. donbright

    donbright Member

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    there's someone on here who has MPG records going back like ten years... i wish i could remember his name...
     
  6. srellim234

    srellim234 Senior Member

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    I track everything using one of the Dome 12-column accounting books available from any local office supply store. The car has cost 48 cents per mile (U.S.) since we purchased it 3 1/2 years ago. Not the greatest in the world but I've seen a lot worse from other cars.
     
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  7. Prius Pete

    Prius Pete Active Member

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    Does that include insurance?
     
  8. Salamander_King

    Salamander_King Senior Member

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    That must be just operating cost, not the cost to own which has to include the cost of the car and depreciation.
     
  9. srellim234

    srellim234 Senior Member

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    Yes. It includes every penny spent on it. I've made it a point over the years to not include any personal identification in the book so the records can go with the car when I replace it. I think any new owner will appreciate that.
     
  10. srellim234

    srellim234 Senior Member

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    That is the cost to own, including the purchase price. There is no depreciation cost as the purchase price is already in there and depreciation is not a financial outlay.
     
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  11. Salamander_King

    Salamander_King Senior Member

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    Oh, I see it is the cost/mile. I was thinking of a different unit. In that case. I can see, it is not bad, but it is not great either as shown. You did not take off the value of the car yet, have you? What the cost would be if you sold the car now at KBB price and subtract that amount from your total outlay?

    For my last three cars, I logged everything I spent on the car, including fuel (including electricity for PRIME), parts, consumables like window washer fluid, car wash cost, repair, maintenance, any accessory specifically purchased for the car, insurance, tax, fees, and purchasing price of the car (plus interest paid if financed) minus the value of the car (usually price sold at the end) to calculate the actual cost to own.

    For the 2008 Civic Hybrid, the final cost was $0.344/mile for 91 mo of ownership.
    For the 2015 Prius Two, the final cost was $0.584/mile for 30 mo of ownership.
    For the 2017 Prius PRIME Premium, the current cost is $0.711/mile for 25 mo of ownership. (note this cost does not include the current value of the car subtracted since it has not been sold yet)
    For the 2017 Prius PRIME Premium, the cost would be $0.221/mile for 25 mo of ownership, if I subtract current sales price of the car (using $20K from the private sales price of the year and make, model by KBB)
     
    #11 Salamander_King, Sep 19, 2019
    Last edited: Sep 19, 2019
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  12. srellim234

    srellim234 Senior Member

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    If I go with the KBB trade-in value and deduct that the cost would drop to 41.3 cents per mile. I don't care to look at it that way, though, because the full price of the car is still sitting in the driveway. Something about counting chickens before they are hatched. The economy could very easily hit the skids again and prices could drop.
     
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  13. Salamander_King

    Salamander_King Senior Member

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    Yap, you are correct. With most cars, the longer you keep it, less cost/mile it will be. Even if you don't sell the car, the cost will not likely to go any higher than what it is now, unless you do major repair or something.
     
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  14. cthindi

    cthindi Member

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    This got me thinking. I do not have all the exact details. But I have generally tried to estimate on higher side when I did not have details.

    My cost comes much lower

    11000 Purchase price used at 73KMi
    2000 Oil changes ( about 35$ each)
    6000 Insurance ( liability only 10 years)
    3000 Tires
    7000 Other repairs including an accident requiring salvage transaxle and cross member 2500 + Brakes 700, tie rods , sparkplugs pcv
    valves, serpentine belts, 3way valve for heat recovery , Coolant, transmission fluid, water pump, Muffler etc.
    18000 Gas
    ---------------------
    47000

    288000 Miles driven myself at about 16.4 cents

    Even if I have missed a couple thousand in expenses and had bought the car new cost would not go more than 20 cents.

    Am I missing something?
     
    #14 cthindi, Sep 20, 2019
    Last edited: Sep 20, 2019
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  15. Salamander_King

    Salamander_King Senior Member

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    No, I don't think so. If you keep driving a fuel efficient and very reliable car like Prius for 10 years (especially bought used at much lower price than new) over 288K miles that low figure is what you should get. Congratulations! Kudos to your Prius.
     
  16. srellim234

    srellim234 Senior Member

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    Mine also includes car washes, the price of the Prolong battery maintenance system, replacing an HID headlamp, fairly minor repairs from hitting a coyote carcass in the dark as well as accessories like a couple of license plate frames. From what I've read around the internet, I don't think your 16.4 cents a gallon for a 2nd generation Prius is unheard of. If you're missing anything, I don't think it's very much.You happen to have a very good Prius that shows how economical they can be when they're well maintained.
     
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