All 3 are the same vehicle/year/model BUT...cost per KM

[2BLUE]

My math sucks today...

3 vehicles all the same make/model/options.

I'm trying to figure out which one is the better deal. Not by the kms but the math. Am i doing this right divide the KMS into the amount if so this it what i get..

$22,000 with 53k........................$2.4 Cost Per KM
$15,000 with 174k......................$11.6
$11,550 with 254k......................$21.99

Just doesn't seem right.

[slinkie]

depreciation is not linear

[arian_ma]

your math is wrong

Cost/km

[2BLUE]

I know its wrong...lol..

[arian_ma]

Regardless though, you can go find a car with 2 million kilometers for 500 bucks, that doesn't make it the best choice.

[2BLUE]

Your dividing what into what?

Hey where did it go......

Thanks by the way!

[spike98]

Originally posted by arian_ma
Regardless though, you can go find a car with 2 million kilometers for 500 bucks, that doesn't make it the best choice.

Nor does it mean its not a good deal.

[CUG]

I wouldn't EVER pay 11k for anything that had 254k on it, not even Jessica Alba.

[ExtraSlow]

Also note that there are psychological "steps" in the depreciation of a vehicle. Most people will see those at 100 and 150 k.

Myself, if the higher mileage cars have good maintenance records, and still feel tight, I'd go that way. The $11k you save can pay for a lot of repairs.

[Neil4Speed]

What Kind of car is it? This also makes a big difference in the prices as the mileage is higher.

[Cash Money Hoes]

I think what you are trying to figure out is firstly the remaining value in the vehicle and secondly the cost per km of each vehicle.

This being the case you have to determine how long the vehicle should run for without any major repairs that would cost more than the value of the vehicle at the time of the repair. In most cases this is an engine replacement. This information is not readily available but to give you an example:

If you talk to cab drivers they will tell you the life span of a crown vic with the 4.6l engine is in the range of 450,000 KM. If the vehicle in question was a crown vic we can say anecdotally that the life span of the vehicle should be 450K.

To find the remaining value in the vehicle in terms of kilometers and the resulting cost per KM, use below formula:

(typical end of life KM - current KM)/ cost of vehicle. This will tell you the best value you are going to acheive when presented with 3 different options.

The tough part is going to be finding info on how long your car will go for. I would post year and model on forums to get some feed back from users on how much mileage they have got in that type of vehicle before an engine or other major vehicle component required replacement.

There you go long answer to a short question.