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From: hrs@houxb.UUCP (H.SILBIGER)
Newsgroups: net.auto
Subject: Re: When to trade
Message-ID: <363@houxb.UUCP>
Date: Tue, 2-Oct-84 12:27:06 EDT
Article-I.D.: houxb.363
Posted: Tue Oct  2 12:27:06 1984
Date-Received: Wed, 3-Oct-84 19:37:46 EDT
References: umcp-cs.150
Lines: 12


In calculating the cost of keeping a used car on the road, in
view of the rule that says not to buy a new car until the cost
of repairs exceeds the carrying costs of a new car, one
should also include:
For the new car: cost of lost interest on the down payment,
		 additional insurance costs.
For the old car: cost of lost time due to breakdowns and repair.
However, if you are planning to keep the new car "forever",
i.e. until it is close to scrap value, depreciation is not a factor.

Herman Silbiger