Your maintenance cost seems optimistic to me, and you're also omitting parking and the cost of parking tickets (surprise yay), but besides that, I would say that there's a fairly high cost in terms of time and stress when driving a car.
As someone who doesn't own a car, I don't have to worry about parking tickets, or de-snowing my car, car not starting in winter. I also don't have to worry about finding parking, or parking tickets, dealing with repairs and scammy repairmen, paperwork, my car getting stolen or damaged, etc.
I also don't have to worry about driving drunk. It's pretty freeing to go out with friends and just have a car drop you at the door, and another car pick you back up when you want to go, and never having to worry about parking, when your parking timer might run out, or drunk driving.
And all of this being said, as someone living in a big city, between public transit, bike rentals, walking and ridesharing, the total cost I pay is less than your stated 400/month.
As someone who doesn't own a car, I don't have to worry about parking tickets, or de-snowing my car, car not starting in winter. I also don't have to worry about finding parking, or parking tickets, dealing with repairs and scammy repairmen, paperwork, my car getting stolen or damaged, etc.
I also don't have to worry about driving drunk. It's pretty freeing to go out with friends and just have a car drop you at the door, and another car pick you back up when you want to go, and never having to worry about parking, when your parking timer might run out, or drunk driving.
And all of this being said, as someone living in a big city, between public transit, bike rentals, walking and ridesharing, the total cost I pay is less than your stated 400/month.