Let's say $400 a month in gas plus any maintenance on top, now it's like maybe $600 ish a month payment plus extra for ICBC and electricity $100. So paying like $200 - $300 more than old 20 year old beater.
Something that ppl don't factor is it's a newer and safer car under warranty that you're getting. Sure it's cheaper maybe if the beater doesn't catastrophically fail, but you gain all the modern safety aids and crash ratings and technology. I sure wouldn't want to get hit in a 20 year old car Vs a modern car.
And my life is worth more than the $200, $300 a month that I'm already paying for something new and way safer.
As much as I hate to admit, but I'm not about dat rust bucket DD, no AC, no abs, no power steering lyfe anymore. As much fun as old VTEC Eg6 Dc2s are