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Did you recognize that the common American might spend over $900k on automobile possession of their lifetime? And in case you calculated the chance value of proudly owning a automobile you could possibly have $11 million in your checking account? I knew automobiles have been costly however that is insane! Let’s run the numbers and work out what the heck is happening right here!
Data sources might be discovered under.
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Table of Contents:
0:00 Intro
0:18 My Perspective
1:16 Purchase Costs
2:18 Car Expenses
3:39 Socialism for Cars
6:13 Percentage of Income
7:01 Affordability
7:54 Lifetime Cost of Car Ownership
9:00 Time Wasted
10:06 Can We Spend Less?
11:17 Can We Drive Less?
13:43 What Else Can We Do?
15:53 Wrap Up
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SOURCES FOR THIS VIDEO:
* Auto loans –
* New automobile value –
* Used automobile value –
* Interest charges –
* Monthly funds –
* Loan time period –
* Insurance prices –
* Repair prices –
* Fuel prices –
* Car customization –
* Car subsidies –
* Parking debt service –
* Parking spot estimate –
* Parking prices for renters –
* Suburban insolvency –
* Suburb transportation value –
* Household bills –
* Low revenue household bills –
* Percentage of time automobile parked –
* Underwater loans –
* Transportation prices –
* Historical charge of return –
* Traffic –
* Commute –
* Bus cross –
* Vehicles on highway –
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Music used on this episode:
– Selected tracks by Kia Orion (
– Selected tracks from the YouTube music library
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Clips used on this episode:
Suburb drone – alexanderguelph
Vegas – AndreConrad
Rush hour – WeatherNews
Amsterdam, work at home – Videvo
LA visitors – ABC7
Chicago bus – Videezy
Vancouver bus – CTV News
Bus – Cityxscape
SF bus – CBS News SF
Train – LA Metro
Dealership – Anthony Shkraba
Mechanic – Artem Podres
Biking – Rad Power Bikes
Biking – Blue Bird
Biking – C Technical
Subaru – Erik McLean
Woman with cash – Karolina Grabowska
Suburb, exhaust, police – Kelly Lacy
Bus, exhaust – Mart Production
Stop signal – Marta Wave
Couple with cash hassle – Mikhail Nilov
Mazda6 – Ojyrai
Parking – Oleh Shtohryn
Carpool – Pavel Danilyuk
Biking – Rodnae Productions
LA visitors – Saul
Lots of cash -Tima Miroshnichenko
Montreal, biking – German Korb
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