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When to give up on a vehicle

posted by  Bram Smits on  Thu Jan 3 02:11 CST 2002
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Small bugfix:

I wrote:

> mi/yr. Assume old 240 returns 21 mpg, assume new Volvo returns 28mpg.
> Old volvo 21K mi/21mpg=1000gal. 1000gal*$2=$2000/yr
> New volvo 21K mi/31mpg=677gal. 677gal*$2=$1354/yr
> saving $2000-$1354=$646
> 16yr cost $646*16=$10336

I realized 31 mph was overly optimistic and that the last line is incorrect ("cost" should be "savings") but forgot to change it all throughout.

Make that:

Old volvo 21K mi/21mpg=1000gal. 1000gal*$2=$2000/yr
New volvo 21K mi/28mpg=750gal. 750gal*$2=$1500/yr
saving $2000-$1500=$500
16yr saving $500*16=$8000

Bram





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New Vehicle Restoration - Is it worth the cost - any cost?
posted by  BruceM  on Tue Jan 1 11:28 CST 2002 >


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