At the top of the page, writedown the purchase price of the new car, then subtract from that theprice it will beworth in 5 years when you sell it,
Devide the sum left by the total amount of kms you will travel in that 5 years. Wh
You will end up with something like this.
$58,990 - $21,000 = $37,990(thats your devaluation over 5 yearz) ÷91,250 (kms over 5 years) =42 cents.
So this new car will cost you 42 cents per km in devaluation alone, before you even consider which fuel you are going to use.
In my opinion, throwing away $37,990 over 5 years (not inclucing any interest you may have to pay) is one very expensive toy.
clairewithi,
Jan 20, 12:40pm
:-)
The thing is, is it a waste when I am intending on keeping the car and not on selling it!
NZTools,
Jan 20, 12:47pm
Buy one that is 3 years old and let some other fool take the dive on t,he depreciation.
Remember, in 10 years, that 59k car is only worth 8 or 9 grand. Unless you litterally have money to burn, which with the importance you are placing on running costs doesnt sound like the case, the last thing you be considering is a new car. It is certainly not a prudent way of saving money.
msigg,
Jan 20, 12:50pm
Well I don't think the LPG option is worth while, the extra outlay could be earning intrest somewhere or invested, unless you are doing a shit load of km, it is not as safe as petrol and you do loose some space, for resale buyers will shy away from LPG when its older so any gains you get will be offset selling . Good luck with the convincing.
zirconium,
Jan 20, 12:50pm
I didn't think it was about saving money! I thought it was about persuading his wife that buying a new car is not SUCH a silly idea. :)
willemakeit,
Jan 20, 1:12pm
Our lpg is underneath the car, so havent lost any room and just as safe as petrol, if treated properly. I mean, you wouldn't smoke around petrol, so yo don't do it arounf LPG or any other flammable substance. I dont think it is worth adding now, but if you are thinking of getting a vehicle with it already in, thats another story. If I could afford to, I would put LPG into our prado.
NZTools,
Jan 20, 1:19pm
willemakeit wrote: Our lpg is underneath the car, so havent lost any room and just as safe as petrol, if treated properly. I mean, you wouldn't smoke around petrol, so yo don't do it arounf LPG or any other flammable substance. I dont think it is worth adding now, but if you are thinking of getting a vehicle with it already in, thats another story. If I could afford to, I would put LPG into our prado.[/quote
If you actually work how muchvit cost to install lpg vs how much you would save by running lpg instead of petrol, you simply would bother. You would probably have sold the vehicle llong before you even got close to getting a return on the instalation cost.
clairewithi,
Jan 20, 3:17pm
This is interesting and something I never considered. This needs further exploration.Thanks for the tip.
clark20,
Jan 20, 4:43pm
If you are thinking of buying a new Commodore
DONT
The new VF will be out soon and is miles better, with less weight and better motors. They are heaps better, and even the 3.0L version will be better.
willemakeit,
Jan 20, 5:11pm
We were lucky with the ute, as it had it in when we purchased it.
fryan1962,
Jan 20, 8:24pm
My vehicle started on petrol and switched itself to lpg. I ran an upper cyl lubricator flash lube never had a problem with lack of power
clairewithi,
Jan 21, 2:34pm
I thought they were not making Commodores any more!
smac,
Jan 21, 2:56pm
There's a bunch of different reasons why you may want to buy a brand new car. For a private individual, financial savings is NOT one of them, no matter how you try and dress it up.
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