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@busymom340 They said you need to be doing huge kilometres. Are you going to do that, and have the car at home parked during solar hours?

@scott1988 The RACV publish an annual car running cost survey. Many new petrol cars are still cheaper to own and run than the cheapest EV. The advantage would be way more with an older petrol car, like your parents Lexus You can check it out here...

@staystrongmama I pay $200 for third party property with NRMA. So I'm saving $1000 per annum. I haven't been in a collision in 20 years, and my vehicles are mostly

@staystrongmama Given the savings from not paying for insurance, after a few years you could entirely replace the car with your own money and come out ahead. So you could just not pursue the claim if you wish. You're really struggling with this basic math. I also don't have to personally...

@staystrongmama Comprehensive insurance is frequently not economically viable on older vehicles. OPs 2006 Lexus rx350 is maybe worth $8-10k. I just went to NRMA, and was quoted $1200 per annum to comprehensively insure a 2006 rx350, with a $1000 excess (based on 35m with clean driving...

@hillaryaya No, how much do you think those things cost? It's maybe a thousand for rego (Including compulsory third party insurance), and a few hundred for roadside and maintenance. Insurance is highly variable, on a 2006 Lexus I'd just get third party property, which could be a few hundred $.

@stayler I think he's factoring in $5200 fuel. But even $3300 in other running costs sounds unrealistically high.

@mcarans The saying "time in the market beats timing the market", refers to the well documented tendency for investors to be highly penalized for active trading. It's not intended to mean long term market returns are going to be good, even over a 20 year period - it just means if you try to...