Old iron, new math · September 28, 2026
This 2016 Honda HR-V costs less per remaining mile than the cheapest nearly new sedan
$0.11 a mile for the HR-V, against $0.12 for a 2026 Toyota Corolla with 8,909 miles on it.
$0.11per mile of runway, versus $0.12
The 2016 Honda HR-V is listed at $17,518 with 42,823 miles. That leaves 157,177 miles before 200,000: $17,518 ÷ 157,177 miles left = $0.11 a mile.
The cheapest nearly new sedan on Caboose today, a 2026 Toyota Corolla with 8,909 miles, works out to $21,994 ÷ 191,091 miles left = $0.12 a mile.
The older car has less runway, but it costs so much less that each remaining mile is cheaper, and 17.6% of Honda HR-Vs go on past 250,000. The newer car will cost less to insure and fix, and has a warranty; this comparison is about purchase price only.
