_wild-eyed-charles-charles
September 9, 2024 11:27 AM
As a proud owner of a 2018 Cooper S, I have to say that I was initially surprised by how high some people's estimates were for annual ownership costs. After crunching my own numbers, I've come up with a rough breakdown of what I pay per year.
Registration and taxes run around $2,000-$2,500 in my area, insurance is about $1,200 annually (with a decent deductible), gas averages around $800/month at 25mpg combined, parking and other miscellaneous expenses add another $1,500 or so. Maintenance-wise, I've had to replace the timing belt for $900, which I'd budget for every 4-5 years.
All in all, that brings my annual costs to roughly $7,000-$8,000. While it's not peanuts, I feel like MINI's unique blend of style and performance is worth the extra investment. Plus, with some careful planning and budgeting, I've managed to keep my overall costs relatively under control