Prius Owner Summary (new document)

John,

If possible, can you add insurance and current resale value in there? This way, we can calculate the cost per mile.

Without including the insurance cost and the current value of your car deducted, it cost you 32.6 cents per mile.

 

If we go by Edmund's average insurance cost for 55071 zip code, the cost is $6,355 for 5 years (My zip code would cost $9,570).

KBB.com appraised a fully loaded 2004 Prius with 106k miles in good condition for $13,775 for 55071 zip.

If I may add those to your data:

Fuel gallons
$5,336.12
Oil & Filter replacements
$439.07
Comprehensive services
$521.82
Intermediate services
$454.91
Tire replacements (full sets)
$984.41
Tire services
$319.83
Misc routine
$287.06
Misc unexpected
$402.83
Insurance (Minnesota)
$6,355
Purchase Price
$25,989
KBB Private Sale Good Condition Value
-$13,775
-------------------------------------------
Total Expenses
$27,315.05

Cost per Mile: $27,315 / 106,443 miles = $0.26. Hey, that is also Prius' aerodynamic drag in Cd. Cool, very low.

 

to take the calculations another step further you could subtract off the tires and oil change expenses as a percentage of thier use. IE you said your tires are good for another 60k miles. assuming that the tire lifespan is 60k miles, simply subtract the current number of miles driven on the tires from this total. then divide 60k by your "miles yet unused" value to get a % of tire use left. then you can multiply the cost of the tires by this percentage, and subtract it from the total.

too confusing? here's an example in number form:
purchase price of tires= 984.41/2 or 492.20 dollars.

tire wear= X miles (i'll assign a random number of 10k because i don't know your mileage)

so your tires are at 50k/60k or 83.34%.

83.34% of 492.205= 410.20 dollars.

subtract that from usbseawolf's total and yo uget
[SIZE=+1]26 904.85[/SIZE]

divided by your mileage 106443

you get .253 cents per mile

 

John, you are the Prius master! I found your site before I found this one a few years back when I first drove a Prius (04 I believe it was). Congrats on 5 years.

 

John,

The real world cost came out to $0.30 per mile. That's very low compare to Edmunds $0.54.

 

usbseawolf2000, interesting costings, but the jaw dropper for me was your average insurance costs of $6355 for 5 years and your own which was 50% higher ! You guys pay a heap for insurance.

I got my '08 insured fully comprehensive for less than $250 your money for a year and I expect next years premium to be lower than that (given no claims). I know there are a whole heap of variables in calculating insurance, but I was very pleased with this and had been expecting a low number, but not that low. Seems no-one wants to or can't pinch these cars, which has a great knock-on effect in calculating premiums.

BTW happy anniversary John. Your manual came in very handy indeed and I read all of it before I even got my car, so thanks for that and hopefully you'll have a Gen III ready for when I buy that in 2012 or so (hopefully with a plug).

 

Yea but you pay more in the purchase price right?

You are right, insurance cost is more than the fuel cost for Prius according to Edmunds. I question if that is inflated.

 

Touche ! Unfortunately, yes, but that just makes the insurance comparison even worse that I could get a car nearly twice the price as in USA for about 20% of the insurance premium there.
My pet hates are banks and insurance companies, but at least I think the insurance companies here are not taking me for a huge ride...if you'll forgive the pun.