Re: Bad Situation--Cant decide what to do - Saab 9000 Bulletin Board - Saabnet.com
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Re: Bad Situation--Cant decide what to do
Posted by Abusot (more from Abusot) on Tue, 11 Apr 2006 15:01:52
In Reply to: Bad Situation--Cant decide what to do, Eleximp, Tue, 11 Apr 2006 12:04:42
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The way that I calculate the cost of owning my Saab is to take the initial investment and add to that the cost of major repairs, but not maintenance, and divide that number by the number of months that you expect the car to last.
So for example, if you paid 2000 for the car, put in another 2000 to fix it up,you are now at 4000. divide that by six months and your cost per month is now $666.00. If you can keep the car for three years, and assuming no other major repairs, the cost goes down to $111.00 per month.
So the question is are you willing to take the chance and keep it, because if your calculations are correct, in the long run the cost of the car will be very reasonable.
posted by 65.11.130...
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