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Don't forget that when you purchase you are 'paying' depreciation. Just because it is not a cash flow does not mean it is not a cost.
Also, you have to analyze how much your money would be making for you if it were not tied up in a vehicle. There is an opportunity cost of owning a vehicle that is:
Depreciation + Opportunity cost of lost investment/interest income.
If you calculate this on a yearly basis/ and divide that amount by 12 and if it is MORE than a monthly lease payment then it is a poor purchase decision.
You also have to factor in all repair and maintenance costs that you will pay once the warranty expires.
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I died.
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