Frank Wulfers
Cost of owning my Saab
by , 26 October 2010 at 02:19 (3065 Views)
I own my current 2005 Saab 9-5 for about 8 months now. Time to figure out what the cost is of owning one of these fine Swedish automobiles. You often hear they can be very expensive to own but that's not really the case if you can do most maintenance and repairs yourself. Working on a Saab 9-5 is actually surprisingly easy with some patience, manuals, good tools and help from other Saab owners.
Some costs are real numbers (maintenance and repairs) so they can be lower or higher for other years or even for the remainder of this year. But I expect them to be minimal at this mileage. Most major maintenance has been done so far.
Depreciation can be calculated as a variable or fixed cost. To keep it easy, it is a fixed cost here. Obviously, more miles will mean a faster depreciation and lower end value. But I think my expected yearly miles of 15,000 is pretty typical for me.
Tire cost is an estimated average of the type of tires I usually buy. I have a different set of tires for spring/summer/fall and winter so it will take many miles and several years to figure out the true cost.
I don't keep a fuel log but 25 mpg seems an accurate estimate of 22mpg city/30mpg highway I am getting with this car.
This is the maintenance and repair log so far this year.
It's always surprising to see the actual cost per mile when figuring in all cost. While fuel is a large expense, it's only about 1/4 of the total cost.
About 5,000 miles is commuting, shopping and other necessary travel. The rest is driven on vacation, day trips and just for pure pleasure. But that's why I own a Saab after all.
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