SAZABI

Assuming the numbers are correct (I don't agree the 50% profit on investment), 30000 over 15 years is about 2000 a year.  I would say it is worth it to get new car every 5 year.  

Let say there is no loss/no gain on the "investment", 20000 over 5 years is 1333 per year.  I would hit it for sure :p

However, I would say it should be a case by case study instead, b/c the depreciation on luxury car or more expensive car is significantly more.  The saving should be magnified in a long run...

SAZABI

hee... SB... 3%/year interest won't be more than 10,000 la.

SAZABI

All interest you earn is taxable... so your effective rate is only (let say you pay 25% tax) 2.25%
Compound annually will give u about $8000

SAZABI

原帖由 shutterbug 於 2008-3-17 14:35 發表

Haha...what an argument!  Since when we take income tax into account?  "Cannon behind horse"...

What if this person doesn't have to work...so doesn't need to pay any tax?  Anyway...pointless going ...

LOL, sorry, that's sth that I always do automatically (except those money I put in HK) before I do the compounding as I believe that is a more realistic figure.  Don't you agree?  It is important, b/c those deducted amount each year won't be compounding...

If we take inflation into account too... CRAP! Buy new cars!!

hee... if someone doesn't need to work, I doubt he/she would perform such calculation to save 20k over 15 years.

[ 本帖最後由 SAZABI 於 2008-3-17 15:15 編輯 ]

SAZABI

原帖由 Catpiano 於 2008-3-18 08:07 發表
BUS PASS is the way to go!

Heard that bus fare is going up... was funny listening to people's comments on radio yesterday...

SAZABI

原帖由 shutterbug 於 2008-3-18 15:01 發表
scooter is pretty dangerous...especially if you're in Richmond and you know why...

how about a smart car?  cheaper gas and maintanence and can be driven all year around!

yeah! my friend with a scooter told me that it doesn't feel that great when the car decided to pass by @ 80 km/h 5 cm away.