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Status: Needs Review

First of all if I had
just bought a cheap car outright
for $1000 + payments of $110/mo
(for a $5000 car), then presuming
I could sell it now for $3900, then
it would have cost me $110/mo for
it. Plus $20/mo for repairs. So reduce Corvette cost by $130/mo
and you get $190/mo or $3.8k.
That is 2500/year, in addition to
normal transportation costs.

Let's check that. The Corvette
cost 2500 down + 227.04 payments * 18 + 1800 ins + 30 repair * 18 = x
-6500 sell + x + 3560 left to bank = value = 6000

the normal car cost
1000 down + 110 payments * 18 + 900 ins + 20 repair * 18 = x
[Note pointing to 900 ins and 20 repair] low 4/78 [/note]
-3900 sell [Note] high 4/78 [/note] + x + 1725 left to pay bank = value = 3065.

So the difference is $3000 or
$2000/year. Or $170/month.
It may and yes I guess I'll
say it was worth that much. But
not any more. $6/day extra is too much.

So I guess I'll fix it up &
sell it. And take bus to & from
work. And stay home otherwise.
Save your money. END

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