#OwnershipCosts

Finally.

Mazda’s promised diesel-powered CX-5 is now open for pre-order in the United States, years after we began chronicling the Skyactiv-D’s lethargic march to North America.

TTAC’s coverage of Mazda diesel delays goes back nearly six years, when the future of Mazda’s Skyactiv-D was linked to a future Mazda 6. It was a story that received more attention in 2014. Eventually, in late 2016, there was confirmation of a Mazda CX-5 diesel. Arrival date: second half of 2017.

By the second half of 2017, however, the timing of the diesel CX-5’s arrival was unknown. Fast forward past a promising NHTSA filing, then a CARB certification, and then the release of EPA fuel economy ratings to the 2019 New York International Auto Show.

The Mazda CX-5 Signature AWD Diesel is ready, Mazda insists. But at $42,045, there’s simply no reason for its existence in America.

Not to hammer too obvious a point here, but the decreasing popularity of a certain car model, combined with increasing incentivization, can seriously influence that model’s depreciation. Ask Cadillac about that. While a boon for savvy used car buyers a few years down the road, it doesn’t help anyone’s lease payment and can leave you upside down on a long-term loan.

In its annual Your Driving Costs study, the American Automobile Association broke down the average vehicle, fuel, insurance, maintenance, loan interest, and depreciation costs of various vehicle segments to show what a hypothetical new car buyer can expect to pay, annually, over the course of a five-year loan.

Naturally, your overall bill’s going to be lower with a smaller, cheaper, thriftier vehicle. That said, after looking at the findings of last year’s study, cars in certain segments are shedding their value at a growing clip. And you’ll pay for that.

Say you’re an urbanite who made the decision to leave the perils and unexpected expenses of car ownership begin and rely only on your phone. A money-saving choice? Not necessarily, according to a study the American Automobile Association.

Drawing information from numerous studies, AAA’s report looks at the cost of owning a vehicle versus the cost of replacing those same trips with a ride-hailing app and infrequent car rental. It’s not even close, but, as the saying goes, your mileage may vary.

It’s normal for many new car buyers to fall out of love with their vehicles once the honeymoon is over and the thrill is gone, though the majority stick with their vehicles for the long haul — well, until the lease period is up, anyway.

The jilted romantics will run to tell Consumer Reports and anyone else in their immediate vicinity about how unsatisfied they are with their car’s finicky infotainment unit and herky-jerky transmission, but their complaints fail to shed any light on costs. Initial quality and customer satisfaction are nice things, but what about the impact on the buyer’s wallet over time?

Kelley Blue Book can provide some advice, as it tallies up the top brands and models based on ownership costs over a five-year period.

That moment you realize the oldest car in the parking lot is yours.

Yeah, I just had that moment.

The car in question is a 2001 Honda Accord EX. Four-door. Five-speed. A dodo bird of a used car stuck in today’s finance driven market. I walked around the parking lot you see above trying to find one vehicle, any vehicle, that’s as old as mine.

The blue ’05-ish Caravan on the bottom left came a bit close, but it didn’t happen. Instead, everything else seemed to be on the younger side of the curve, the overwhelming majority of vehicles sold new at a later time in history.

$150 a week.

For some folks, this is a mere pittance. A lunch for four at a fancy restaurant that can be easily charged off to Uncle Sam and his seventeen trillion dollar debit card.

For others, it’s the beginning of a barnacle that will likely outlast their ability to pay it.

They will flex their muscles and run while they can. Then once they trip, due to a lost job or a family emergency, they will pick up an even heavier barnacle, with four wheels on it, and keep running.

It’s a vicious cycle of poverty. Where the poor always stay poor. After witnessing this cycle of automotive indebtitude for years on end, I’ve come to blame one solitary thing.

Whether you drive a $30,000 or a $1,500 a car, one variable in life stays constant.

You want to minimize your costs.