My 2003 Honda carries a $1000 maintenance cost per year. Capitalization costs went away well over a decade ago.
It’s still cheaper.
It’s still cheaper.
That's the cost I'm talking about. The maintenance cost of raw sitting time (rust, freeze-thaw cycles, etc.) are additional.
Per mechanic friends, most better cars go until about 250k miles with modest maintenance issues, and after that things like transmissions fail and are not a good value.
The problem with the pooling is that any outlier blows the financial model. Whatever interest I would make would be wiped out by a single event where I’d need to rent a car.
There’s a place for things like Uber (or traditional taxis) and zip car. But unless you barely use a vehicle or cannot afford one, it’s a pain in the ass to share.