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Hello,

We are looking to buy a van for our growing family. I was comparing a new sienna with a MSRP of nearly 45k to an older Odyssey 2015 56k miles for 28k.

My calculation assumes that we will keep the Odyssey for 5 years while Sienna for 9 years or more based on our past ownerships. Based on a mockup interest rate and better MPG for the Sienna the increase in cost of ownership for Sienna is coming out to be nearly $544 a year.

Am I missing something here as the newer vehicle seems to be making more sense? image

Edit: added reference and had to re-simulate my analysis



Submitted August 01, 2022 at 11:03PM by Psychological-Cut306 https://ift.tt/xFraOy9

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