I think it is up to the user. When talking maintenance I just use whatever money I have plowed into it divided by the months of ownership or miles driven. With total cost of ownership I use that I paid for it minus an estimated current sale price to give a current running number. For instance I am currently using a $10k Cdn ($7.2k US) estimated sale price. That being said in my mind the LR4 was depreciated off a long time ago and owes my nothing. If something major popped up it would be the hard decision time. I ma hobby fix it over time.
I agree.
My old 2004 D2 served me well from when I bought it in April 2008 with 49,800 miles on it until I dumped it for parts in September 2020 with 182,800 miles. When you factor in
everything I dumped into it (maintenance, repair, and all the extras like roof rack, bumpers, winch, skid plates, etc.) less the $3500 I sold it for, I spent $58,410 over 12.42 years or 149 months which equals $392 per month. My per-mile was 44-cents.
My LR4's stats are much worse.....currently running as follows:
$72,515 dumped into it
$1,648 cost per month
$1.34 cost per mile
Of course I'll sell it for more than zero so that hasn't been factored in yet. But after all is said & done, it will turn out to be much more expensive that the 2004 D2. I would need a stretch of many years with low mileage and just routine maintenance to tame the numbers. This thing can't go from one oil change to the next without repair costs so I'm not holding out hope!