Are you factoring in inflation? There’s no doubt that things cost more today than they did 20 years. And, nowadays, when something breaks, you have to replace the whole component instead of just a part within it and labor costs are crazy.
You didn’t explicitly say it, but I assume your first car was new and you kept it for 12 years. You don’t say how old the used vehicles were when you bought them, probably one or two years old. Since you didn’t have them when they were new, you didn’t have the honeymoon period where there should have been relatively no repairs or they were covered under warranty.
And then there’s the fact that you only kept your last two cars for 6 and 4 years. Hopefully, there would be one or two years in between major repairs and if you kept your second and third vehicles for 10 plus years, the average costs would be lower.
Hopefully your Niro will treat you better than your Fords! And you should factor in your gas costs. That’s the whole point of getting a hybrid, right?
You didn’t explicitly say it, but I assume your first car was new and you kept it for 12 years. You don’t say how old the used vehicles were when you bought them, probably one or two years old. Since you didn’t have them when they were new, you didn’t have the honeymoon period where there should have been relatively no repairs or they were covered under warranty.
And then there’s the fact that you only kept your last two cars for 6 and 4 years. Hopefully, there would be one or two years in between major repairs and if you kept your second and third vehicles for 10 plus years, the average costs would be lower.
Hopefully your Niro will treat you better than your Fords! And you should factor in your gas costs. That’s the whole point of getting a hybrid, right?