KiwiTT
31-10-2003, 12:05 AM
Not sure how many agree with me, but I have always thought buying secondhand is more cost-effective than a new car.
"2nd Hand car + modification" is better than "new car - depreciation + modification"
e.g.
10,000 2nd Hand car
5,000 Depreciation INSERT INTO post VALUES (5 years)
10,000 Maintenance INSERT INTO post VALUES (5 years)
10,000 Modifications
Value = 10,000 - 5,000 - 10,000 + 10,000 = 5,000
is better than
30,000 new car
20,000 depreciation INSERT INTO post VALUES (5 years)
5,000 maintenance INSERT INTO post VALUES (5 years)INSERT INTO post VALUES (cheaper because it is new)
10,000 modifications
Value 30,000 - 20,000 - 5,000 + 10,000 = 15,000
Is a 15,000 value modified new car, "3 times" better value than a 5,000 value modified car ?
"2nd Hand car + modification" is better than "new car - depreciation + modification"
e.g.
10,000 2nd Hand car
5,000 Depreciation INSERT INTO post VALUES (5 years)
10,000 Maintenance INSERT INTO post VALUES (5 years)
10,000 Modifications
Value = 10,000 - 5,000 - 10,000 + 10,000 = 5,000
is better than
30,000 new car
20,000 depreciation INSERT INTO post VALUES (5 years)
5,000 maintenance INSERT INTO post VALUES (5 years)INSERT INTO post VALUES (cheaper because it is new)
10,000 modifications
Value 30,000 - 20,000 - 5,000 + 10,000 = 15,000
Is a 15,000 value modified new car, "3 times" better value than a 5,000 value modified car ?