Quote:
Originally Posted by Hedy
depreciated the car and cost wear and tear
|
I understand depreciation, but I still don't see how 12K/year wouldn't be the better deal.
Let's say you pay 18K for the car. There are plenty of nice cars in that price range. The allowance would have the car paid for in 18 months. If you drive 30K/year, you could reasonably expect to have the car for 5 years/150K miles. That means for 3-1/2 years, you'd be collecting $1,000/month free and clear. That's $42,000. No way will maintenance run you anywhere near that much.
__________________
Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.