AG said:
>Now, I'm in the market for another vehicle for the girls to drive.
>Hmm. I wonder if Joel still has that ancient VW Golf?
Find a used Volvo 240. Built like a tank, will haul their musical gear.
You will feel better when they are out in it. We bought one for our
grandkids to start out with, quite a few years ago.
Jim Nichols
Tullahoma, TN USA
----- Original Message -----
From: "Ken Norton" <ken@xxxxxxxxxxx>
To: "Olympus Camera Discussion" <olympus@xxxxxxxxxxxxxxxxx>
Sent: Monday, April 29, 2013 11:28 AM
Subject: Re: [OM] Extended warranty
> By extrapolation of Bill's statement, I could say exactly the same
> thing about digital cameras. Only fools buy brand new digital cameras.
> :)
>
> My wife and I buy only used vehicles. We try to buy them when they are
> 2-3 years old and up to 50,000 miles. For the most part, this has
> worked out well. Our latest purchase was a 2009 Prius that was only
> one year old and a rental in Florida. We got it for a substantial
> discount over the cost of a new unit. However, as it was at the tail
> end of the warranty, we bought a warranty to take it to 100,000 miles.
>
> I did a full cost-analysis of new vs. used with a trade-in or sale at
> the 100,000 mile mark. It turns out that whether I buy new or used,
> the net was almost identical. When kept to a lower mileage mark, the
> new car was less expensive, but beyond 100,000 miles on the odometer,
> the used car was less expensive. By the time you get to 200,000 miles,
> the net savings of used over new is almost the entire purchase price
> difference. As we intended to drive the snot out of this car, it made
> sense to buy it used. We're around 88,000 miles on it now, so we're
> getting close to the break-even point.
>
> My analysis did include the differences in finance rates (higher for
> used) and taxes (obviously higher for new), government subsidies and
> annual license tags. It was also based on the number of miles we put
> on the car every year. Literally, YMMV.
>
> Based on the cost analysis, we almost went with a new car, but chose
> not to as we're trying to eliminate all of our debts, and that was a
> hunka-chunka increase. Turns out we chose wisely.
>
> Now, I'm in the market for another vehicle for the girls to drive.
> Hmm. I wonder if Joel still has that ancient VW Golf?
>
>
> --
> Ken Norton
> ken@xxxxxxxxxxx
> http://www.zone-10.com
> --
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