Wednesday, January 6, 2010

Meanwhile back at the Ranch

Greetings from Northern New England, the part of the country that is supposedly in the 'deep freeze'. I just can't understand the hype surrounding the weather these days. What were you expecting in the middle of Winter at 45 degrees north latitude? Beach weather? Its like Winter is back to the old days of walking to school ten miles up hill both ways. Put on a scarf and quit yer whining!


But seriously, the sensationalism of weather reporting reflects two facets of modern life: everything has to be extreme to attract advertisers AND everyone cares about the weather so much because hardly anyone spends any significant amount of time outside. That said, I was outside yesterday at the Land of Goshen (also know as the Wagner Estate)

We've had a bit of new snow recently, about a foot over the weekend. Its time to get out the snowshoes, because without them you're up past your knees in snow.

Looking northwest along Ben Brook

Now looking south along Ben Brook.

Southeast into the woods.


Wags, the younger.

Back north towards the Egypt Road.

As promised, here is a quick numerical run down of all things vehicular:

2004 Dodge Ram 2500 SLT (weighing in around 6800lbs with me an my tools)
Since June 2009 acquisition:

9703 miles driven

$8319.33 All in cost of operation (I know! a $3500 down payment really adds to upfront cost)

$0.60/mile of payments + down payment

$0.86/mile All-in cost (Fuel, Ins, payments, maintenance)
or
$40.58 per day of ownership whether I drive it or not.

12.34 mpg overall ( about 8mpg when plowing )

$786.51 total fuel cost
or
$0.215 per mile

Service performed: 1 oil change in the driveway in six months and its due for one now.

Conclusions: a 3/4 ton truck gets terrible fuel economy no matter how you slice it. I knew that going into it. The overall cost of operation will decrease as the miles driven increases versus the payments + downpayment, but maintenance will likely increase as the truck takes on more miles (its in the shop right now....). Looking back, maybe I should have bought a $5000 used truck and had no payments, but maybe would have had more maintenance issues, like getting stranded. Its all about trade-offs with vehicles, there really is no-winning, just throwing more money into an ever widening, never-satiated black hole......I digress.

Better news ahead:

2001 Mercedes-Benz E-320 4matic wagon:
Since June 2008 acquisition:

36,645 total miles

$14,574.29 All-in cost of operation

$0.40/mile all in cost
or
$25.22 per day of ownership

$0.12/mile fuel
$0.28/mile other costs (payments, maint, insurance)

$4721.60 total fuel cost

at

24.66 mpg overall (not bad for a 4000lb vehicle with 123000 miles on it)

Service Performed since acquisition: left tie rod replaced, front ball joints replaced, alignment performed, front and rear brakes (pads and rotors) replaced, spark plugs replaced, tires replaced (new tires constantly leak due to corrosion from road salt/calcium chloride), several marker and headlight bulbs replaced, wiper blades replaced (front still doesn't work very well), exterior temp sensor non-functional and non-essential, four full-synthetic oil changes, and it needs the electronic throttle looked at soon.

Conclusions: the car gets expected fuel economy, rides pretty much like a luxury car should (like a tank!). Parts and repairs are relatively expensive, but compared to the miles we put on are pretty reasonable. Overall cost of operation is less than the federal mileage rate ($0.55/mile) and less than half of the Dodge. Payments are low ($221/month compared with Dodge @ $350/month). BUT, the rugged driving conditions are starting to take their toll. In Maine, its always a race against the rust.

I got a little spooked by the rust and leaky tires just after Christmas and went to a couple car dealerships to see what I could get into for a similar payment. The answer is: not much. The only thing we really liked was the 2009 Dodge Nitro and its payments would have been $430 month! Other vehicles we test drove:

2008 Ford Escape: plasticky garbage
2008 Chrysler Pacifica: rides like minivan, drives like a minivan, why not get a minivan for $5000 less? Also I expected more out of a 4.0liter engine. Lame.
2007 Subaru Legacy sedan: ok, but too small and plasticky

And I've got a 2005 Dodge Intrepid loaner vehicle from the dealership and it is a piece of junk, but its a loaner......

After all that, we really decided that the Benz 'is what it is' and that is better than 90% of the other cars out there.

In other news, my work schedule has slowed considerably. A regular mid-winter slump. A run down to work on Cape Cod is not out of the question as early as next week....

4 comments:

Anonymous said...

Happy New Year Chris
I agree with the weather opinion,It is winter,accept or move. Maybe you should try a malibu or cobalt,30 mpg and cheap.
Don't have too much fun plowing.
Good luck,enjoy the sunshine
Uncle John

Nick said...

That river is gorgeous in the snow.

I see why you were asking about the Explorer! It's a great vehicle for us, but if you're putting on more than 3 or 4k miles a year, the gas would just kill you.

To this day, I brag about your first Mercedes as if it were my car.

Christopher Gerald Wagner said...

That old panzer rests in pieces, scrapped during cash for clunkers...it served us well tho while it lasted.

MMP said...

I rambled on to your blog after your comment asking about 4x4 vans at WVJ's SugarMountainFarm blog.

I also have been a habitual financial trakker. I counted every penny and every mile for many years and 8 vans. My favorite was a 1993 Chevy G30, 2wd 1 ton with a 350 outfitted as a cargo van. I bought it for $1250 at 152K miles and drove it for more than 100K. I took it off the road in 2006 after a final drive out and back to flagstaff. Later that year a bad cam shaft emerged and I put down the old grey mare. Total expenses, purchase price, gas, insurance, tires, maintenance a improvements were $22K. 22 cents a mile. I did a far amount of highway driving, old logging roads and woods trails, lumber yard runs, etc. It was my primary and often only vehicle. I have had cheaper vans, but the price of gas boosted this one up a little. The 1993 was the most comfortable and reliable, though. I definitely fall into the low purchase price market. It makes up for a multitude of sins. I have found that for vans, a commercially used van at about 150K miles still has a lot of life, but the business has gone through it's full depreciation and it may not be cosmetically perfect. There are a lot of them out there and they don't have much sex appeal so they often go for a song.

You can whistle can't you?....

If you are seriously thinking about a van, you might find this post of mine interesting.

http://artofproprietation.blogspot.com/2009/04/i-am-doing-my-part.html