I think most people might ask how are they related??As usual, I shall keep this post as brief but precise as possible.
We shall use the very common car- a toyota corolla altis as an example.
For those who would use the car till the end of the coe life, good for you. In today's market, a brand new corolla altis would cost you $121,888. So if nothing happens and one uses it for the next 10 years, one will expect to lose $11k plus per year. This excludes other costs such as petrol, maintenance, repairs, taxes, insurances etc. The total cost for an average 20,000km pa could come out to be $20kpa.
Hey, this is for folks who use the altis till the end of the car life, which is the exception rather than the rule...correct me if I am wrong.
1) most people change car after ......