alt Hacker Newsthat's crazy. my 2005 volvo, 1991 nissan, and 1986 toyota altogether cost me a little over $1k per year (mostly insurance) and it was less than $10k total to buy them all. goes to show average financial literacy in the US. people won't save a few grand for a used car (or take out a small loan even!) and then pay 10x the cost for new
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I think you and I may be a rarity. Most people seem to value having new vehicles, and I don't say that dismissively- there's definitely something to be said for modern safety features as vehicles continue to grow bigger and heavier.
Do they run on air?
How much liability coverage are you getting for ~ $100/month? In other words if you injure or kill someone with your vehicle how much of that cost will be covered by your insurance company? With Waymo the answer is "not my problem".
Most people spend more per year on gas than you claim is your total cost of ownership. Sure, cars are cheap if you never drive them.
Your used cars are only so cheap because most people don't buy old used cars. If they did as you suggest, then it would no longer be such a good deal.
You don’t pay for gas? Oil changes? New tires? Air filters?