shutterbug

no la...it says make 10k in investment in 15 yrs not 30k la...so about 50% increase in 15 yrs which I think is very doable and conservative...just a simple compound interest of 3%/annual in 15 yrs will give you that amount!

anyway....lots of people are willing to pay the premium to drive a new car in our city... and so many people lease too cuz they're self employed

if the calculation is for a "new" used car every 5yr, then it will be closer.  Used car that is about 1-2 yrs old are pretty much like new....

shutterbug

it's 3% COMPOUND interest!  do you know what compound means???

plug in your numbers here

http://www.moneychimp.com/calcul ... rest_calculator.htm

shutterbug

oh btw...even if not compound...

3% of 20000 = 600
600 x 15 yrs = 9000 already la...

so you save 20k initially plus 9k of investment income => 29k

do you get it now?

shutterbug

原帖由 SAZABI 於 2008-3-17 12:29 發表

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

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 further...

shutterbug

原帖由 Catpiano 於 2008-3-17 12:41 發表
Silly ..  

wear a same shirt ..and wear for 15 yr .. can save more money tim  ..  lol ..  ( if not wash it .. save more! )  

LOL   keep a car for 15 yr ??

Actually, I have kept one car for 15  ...

how about walk for 15 yrs....free!  and you gain good health too...LOL

how about same wife for 15 yrs...how much can you save?

shutterbug

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!

shutterbug

原帖由 blowfish 於 2008-4-1 11:37 發表
Older cars can be kept 15 yrs, a new car I doubt it, as soon as Warranty ran out your maint. could go up. Rice cars are less cha bo. Domestic cars, even within W u still have lots to fix. Cant imagine ...

What makes you think newer cars can't be kept for 15 yrs lei?  The newer powertrains are built better than before.  However, the electronics are way more complicated than before and that's probably why the repair cost can go up; one sensor can easily cost you 200 bucks and plus diagnostic charge per hour...  So if you buy a manufacturer with a good reputation on electronics (i.e. generally not German), you should be fine.