2011 Juke SV. Total ownership cost so far, (almost) 4 months.

"The Crazy Kanuck; RIP Oppositelock" (jukesjukesjukes)
11/03/2016 at 12:13 • Filed to: None

!!! UNSUPPORTED LINE BREAK IN HEADER !!!

!!! UNKNOWN HEADER TYPE (MULTI-LINE BREAK?) !!!

- $13,500

Cert & E-test: $159.00

Sub Total: $13,669.00

Trade costs:

Trade in allowance: $4500.00

Net difference:$9,169

HST (%13) on net: $1,197.97

License fee: $20.00

Payout Lien on trade: $6,142.88

Subtotal: $16,524.85

Lien registration fee: $108.85

Balanced financed subject to approval: $16,633.70

Net amount to be financed: $16,633.70

Cost of borrowing (4.99%, 60 months): $2,196.10, $313.83/month

Grand Total: $18,829.80

x4 payments: $1,255.32

Owed: $17,574.48

Lesson learned here, if you finance a car it will cost nowhere near what it has on the window. A car that I thought cost me $13,500 really cost me $5,329.80 more.

Fuel:

- 24 fill ups, $999.28 on fuel so far.

!!! UNKNOWN HEADER TYPE (MULTI-LINE BREAK?) !!!

Tires:

- All seasons. Toyo Extenza HP, (215/55r17). The dealer sold me my juke with tires that barely past safety, we agreed that we split the cost 50/50 for new tires. $400.

- Winter tires (w/ wheels). Toyo Observe GSi-5, (215/60r16). Found them on kijiji, 1/2 season, seller figured only 2500kms on them. $450

Total: $850

Oil change’s:

- #1 $89.78

- #2 $82.18

Total: $171.96

Wiper blades:

- x2 front. 24" $22.74, 14" $20.34

- x1 rear. 12" $17.94

Total: $68.96

Total maintenance costs: $1,090.92

Total Running cost (w/ fuel): $2,090.20

Total overall cost: $20,920

DISCUSSION (16)

CompactLuxuryFan > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 12:16

Damn that’s a high interest rate these days! Cars are so expensive :’-(

random001 > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 12:16

Cost of owning a car that looks like a mutated Fujikawa disaster frog: your soul.

The Crazy Kanuck; RIP Oppositelock > CompactLuxuryFan
11/03/2016 at 12:17

I have very little credit history, that was the best rate I could find.

Arrivederci > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 12:18

I kinda wish I had done this just after I bought my BRZ. But then again, I would probably cry myself to sleep.

The Crazy Kanuck; RIP Oppositelock > Arrivederci
11/03/2016 at 12:19

I was typing it in pain.

haveacarortwoorthree2 > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 12:30

To be fair, you should probably deduct the $1600 loss on your trade-in. After all, that’s not the Juke’s fault. :)

DynamicWeight > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 13:01

Lesson learned here, if you finance a car it will cost nowhere near what it has on the window. A car that I thought cost me $13,500 really cost me $5,329.80 more.

Well, the lesson I hope you learn is that to finance something, you have to be able to put money down. Not only did you put nothing down, you refinanced some of what you already owed! Beyond that, the 5k for financing figure really isn’t completely fair because you included taxes, the “trade in” deficit, and all the other fees which you would have had to pay anyway.

Your financing cost was only 2,196.10 which would have been just a little less (like 10%? 200 bucks?) had you not rolled in the owed money on your old car. And of course is would have been even less had you, instead of adding 1500, put something like 2000 down.

I don’t know your finances or situation so I’m not saying you did wrong btw. But having 3500 then would have saved you something like 500 in the long run. It’s a good thing you’re keeping track of everything, that’s the best learning tool that almost no one does.

The Crazy Kanuck; RIP Oppositelock > DynamicWeight
11/03/2016 at 13:05

I had no money to put down, it was not the most smart thing I’ve done.

merged-5876237249235911857-hrw8uc > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 13:05

Look around to refinance that asap, you may find a cheaper rate in a couple months. I did that with one of the vehicles I purchased many years ago. Might be an option for you.

The Crazy Kanuck; RIP Oppositelock > merged-5876237249235911857-hrw8uc
11/03/2016 at 13:07

I plan on starting looking next year, I want to build my credit a bit more before I do so.

Manwich - now Keto-Friendly > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 13:36

“Lien registration fee: $108.85"

Also more expensive because of bullshit fees like this.

How many KM have you driven so far? Is it around 12,000km (which I’m basing on the number of fillups... and guessing 500km between fillups)? If so, that means your car has cost you $1.74/km... not including the cost of insurance. But the nice thing about that calculation is the longer you own the car, the lower the cost per km gets.

Also $80-$90 for an oil change sounds very expensive.

I change my own oil for half of that cost... and I’m using full synthetic.

Also in the future, instead of getting separate winter tires, get one set of good 4 season tires... specifically the Nokian WRG3. I’ve had those year-round on my last car in the Toronto area and they’re good... better in winter than many cheap winter tires. Or a cheaper/older version of the same tire is the Nordman WR... which I have on my current car.

Hopefully this car lasts you at least 60 months so that once it’s paid off, you can enjoy some car ownership time without car payments.

Jonee > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 14:21

How do you like that Juke, though?

The Crazy Kanuck; RIP Oppositelock > Jonee
11/03/2016 at 14:23

I love it. Good on fuel, handles really good for its high CG, engine is fantastic, and love how it looks.

Jonee > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 14:27

That’s cool. Then it’s worth what you’re paying. I almost got one a year ago with a stick and I was impressed with it. It’s a fun car and it’ll go when you step on it. I love the funky looks, too. Especially the kooky interior.

The Crazy Kanuck; RIP Oppositelock > Jonee
11/03/2016 at 14:32

Mines also a 6spd, I find the gearing too short for me. I’ve put a FiST to bed once in my Juke.

Jonee > The Crazy Kanuck; RIP Oppositelock
11/03/2016 at 14:58

Yeah, I thought the same thing about the gearing. That’s hilarious. What a sleeper. I still feel a tiny pang of regret whenever I see a Juke. I ended up with a Volvo C30 which I adore, so it’s all good.