The budget equation

  • Haya_Ku
    The average cost ow owning a car in Toronto is around $14,000 a year. That's for a run-of-the-mill sedan, insurance, gas, depreciation, maintenance and opportunity cost on the money (remember...you could be making money on the money instead).

    So that's around $24,000 before taxes. Figure you own a car for 50 years out of you life and that's a staggering $1,200,000 you've devoted to owning a car. Shocking.

    Of course car guys will look at that and think "I wonder what car I'd buy for $1.2M?"
  • hold on...they have fries at Taco Bell in Canada...?!?

    first it's "Subway Sauce", now this. man, we get the shaft here in the US.

    let me make this car related...i think if you're going to spend $15k, why get something new?
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