As far as dollars and cents, I started at $500 for acquisition of the
Ford. Since that time, which by the way now exceeds 12 years, I have
bought parts, tools, materials and most recently, construction of a
workshop. These costs have now exceeded $20,000.
Let's look at that... $20K Total Expense Less current value (I have no idea
but say:) $4000
Cost to operate = $16K or $1333 per year.
Econobox - New: $20K Drive for 8 years. Value $4000. Maintenance & Upkeep
$500 per year.
cost to operate = $20K or $1666 per year.
True; during the first few years you are driving a new car with no
(relatively) headaches.
But - you can't work on it; you don't get the intrinsic value of the
head-turner, etc.
and you also wouldn't have the workshop, the tools, etc.
No brainer on my part ...
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