How can you really afford a car?

Someone sent me a link to http://carfreecambridge.com/ today. This got me thinking about the actual costs of a car.

If I take my $166/month savings and invested that into an investment that received 5%/year for 30 years that would result in $138,452 after 30 years. This is just run-rate savings. It doesn’t even include the cost of the car.

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