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I looked into the AAA's "depreciation" and "interest" numbers, and it turns out the calculations are based on buying a car brand new with borrowed money, paying
by afafsd 12y ago
I looked into the AAA's "depreciation" and "interest" numbers, and it turns out the calculations are based on buying a car brand new with borrowed money, paying it off over the course of five years (at what must be a rather large interest rate given the average $900+ cost), and then selling it off the moment you're done paying it off.
So let's just say that we're comparing to a really dumb and expensive mode of car ownership.
- bobbles 12y agoNot to mention the fact that a few times (at least) per year, people are likely to use their cars for much more than just a local public transport replacement, but will want to drive across the country with the car loaded to the hilt with holiday gear of some description.
- z200 12y agoRent a car for the duration of the vacation.