assumptions:
- the purchase can be completely paid off or financed at attractive rates (0%)
- when all is said and done, the purchase will be evaluated by total costs (purchase, insurance, maintenance, gas/electric bills, insurance, etc MINUS resale or salvage value) divided by total years used. Lower=better. This makes me think buying used is the way to go, but feel free to make the case for buying new or leasing.
- make/model does not matter. Paint job/aesthetics do not matter. It can be a sedan, coupe, truck, anything that someone can drive with a normal license.
- assume I can do an oil change and nothing else, and I drive about 1000 miles per month.
Based on the above, it seems buying a used Honda or Toyota that’s 10 to 15+ years old would fit the bill. Thoughts?
June 23, 2018 at 01:12AM
