Posted by Nancy Howell on April 04, 2008 at 10:34:29 from (144.162.48.81):
There have been a number of posts along the lines that thought it would be cheaper to buy a car and park the truck than driving the truck all the time. Being in the accounting field, I crunched some numbers. One post said you could get a good used for $2,000 (I have to question the quality of vehicle you could get for that) but for the sake of this evaluation I used that figure. I calculated the cost of car spread over 4 yrs, one set of tires $300 ($75 each also spread over 4 yrs), and 3 oil changes per year at $20 each. While the average miles put on a vehicle is around 10,000/yr. I used 8000 miles per year, which breaks down to $72.22/mo for gas at 30mpg. Then I broke everything down to a cost per month. I also assumed (probably incorrectly) no repair costs. Here's the cost: purchase price - $41.67/mo + ins. $66.67/mo + tires $6.25/mo + oil changes $5.00/mo + $5.00/mo for license tags (no taxes) + 72.22/mo for gas. Total cost of the above per month is $196.81. Again, I assumed no repair cost and gas at today's prices. Since we don't pay property taxes on cars in Texas, I didn't include a figure for that. I'll let everyone make up their own mind whether or not its more economical to buy a small car and park the truck.
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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