Hi Truxton Southworth!!
On Sun, 20 Apr 1997, Truxtun Southworth wrote:
> Basiclly they are comparing buying a new car and then watching the
> value fall through the floor the minute you drive it off the lot or
> buying an MG (in this case an A) driving it for about five years and
> then (if you really wanted to) selling it and getting what you paid for
> it. No ABS, no AC, no four speaker stereo, no air bags, but one hell of
> an automobile!
You are right. The depreciation over 5 years on a new mid range car
will run about 2 - 3 thousand a year, not to mention either the
financing charges, or the loss of investment income.
That would pay for gas, insurance, and misc. parts for the average "B",
with money left over.
TTUL8r, Kirk Cowen
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