金金計較

Approximate Cost for Having a Car

Daily Driving Distance: 50 km
Gas Mileage: 10km/Litre
Assume 1L of gas is $1.00
Daily Gas Cost: 50km / 10km *$1.00 = $5.00
Annual Gas Cost: $5.00*365 Days = $1,825/year

Car Maintenance: $62.00/ every 4 months
Major Car Maintenance: $220 every 12 months
Annual Car Maintenance Cost: $62*2 + $220 = $344 (2 regular maintenance & 1 major maintenace)
Natural Wear and Tear(Brakes & Tires): $250/year
Maintenance Subtotal: $250+$344 = $594/year

Insurance(based on 5% discount every year):
Year 1: $2,700
Year 2: $2,565
Year 3: $2,430.00
Year 4: $2,295.00
Year 5: $2,160.00
Year 6: $2,025.00
Year 7: $1,890.00
Year 8: $1,755.00
Year 9: $1,620.00
Year 10: $1,485.00
Subtotal: $20,925
Annual Insurance Subtotal: $20,925/10 years = $2,092.5/year

Car Value Depreciation:
Bought at $27,000
Assume it worth 1/3 of the original price = $9,000 after 10 years
Depreciation = $27,000 - $9,000 = $18,000
Annual Depreciation: $18,000/10 years = $1,800/year

Total Annual Cost: $1,825 + $594 + $2,092.5 + $1,800 = $6,311.5/year or $525.96/month

- Estimate with an accuracy of +/- 20%

Monthly Cost for Having a Car = $421 ~ $631 or $5,050 ~ $7,570

Comments:
Jesus Christ, that's expensive...............
And holy cow, I am lucky.......................

* This estimate assumes the followins:
- Parking is free
- Zero accident
- No car break-in or whatsoever damage on the car
- Constant Gas Price

Joke of the Day

An engineer was crossing a road one day when a frog called out to him and said, "If you kiss me, I'll turn into a beautiful princess."

He bent over, picked up the frog and put it in his pocket.The frog spoke up again and said, "If you kiss me, and turn me back into a beautiful princess, I will stay with you for one week."

The engineer took the frog out of his pocket, smiled at it and returned it to the pocket. The frog then cried out, "If you kiss me and turn me back into a princess, I'll stay with you and do ANYTHING you want."

Again, the engineer took the frog out, smiled at it and put it back into his pocket. Finally, the frog asked, "What is the matter? I've told you I'm a beautiful princess, and that I'll stay with you for a week and do anything you want. Why won't you kiss me?"

The engineer said, "Look, I'm an engineer. I don't have time for a girlfriend... but a talking frog, now that's cool!"