3 ms·
Nice aspirational example there with the 911... Didn't know about TCO, but I like the idea. First glance impressions of the Edmunds tool: - Mileage assumes
by OrwellianChild 12y ago
Nice aspirational example there with the 911...
Didn't know about TCO, but I like the idea. First glance impressions of the Edmunds tool:
- Mileage assumes 15k/year, which may not be accurate for a
large part of the population (I only drive 10k/year, which
affects depreciation, maintenance, etc.)
- The math governing financing is opaque, as is maintenance
and repairs. I'd like to know what they're assuming will
break, need service, etc. Esp. because it's non-linear. Not
sure how I'm going to accrue $500 in maintenance in the first
year on my 2012 Rav4 - all it needs are oil changes (3 x $30).
- Insurance also strikes me as astonishingly high (over
double what I'd pay/year).
All of this is to say, I see the value of a more flexible and transparent calculator to meet individual needs...
- maxerickson 12y agoThere's a reasonably high chance that you will need to replace the tires fairly soon after buying a used car (which is how I read it working). That's most of that $500.