Earlier quoted context omitted.
Most of the costs of a car are fixed once you own it. Wear and tears per mile is actually small. Insurance is the same for a car driven 7000 miles a year as one driven 30,000. there is a small discount for less than 7000 miles/year, but it is still fixed. Likewise the car payment doesn't change at all. The IRS has to come up with a fair number that translates all those fixed costs into per/mile. It is a good financia…
It's only worthless to this discussion if you hold the basic assumption that everyone should own a car.
Less car ownership on the horizon; 1)Cities are congested 2)The congestion in the suburbs is even worse than driving in downtown 3)For years the solution was to build more highways, but land for doing so is running out 4)Car ownership is no longer cool 5)Ride sharing and renting is become easier (GPS, Internet, Smartphones) 6)Cars have become safer, but the joy or riding in them has been killed. It's like being trapped in an egg carton.