Tuesday, April 25, 2006

Bye, bye blue

DSC00642, originally uploaded by markyjones.

Well, it is a sad day - 24.04.2006, I sold my Subaru, MY05, World Rally Blue, WRX. Owned for 19 1/2 months (purchased September 10th, 2004) and sold for $33K.

Interestingly, I read an article in Smart Investor, April edition, 2006 which quantified the cost of a car, in terms of the loss of its value (i.e. depreciation) daily. From the article, the cost of other cars (and the cost of what my car ended up being) were:

evils of depreciation ...
Porsche 911$111.23/day
BMW 330i$49.59/day
Holden Commodore VZ$37.12/day
(my) Subaru MY05 WRX$15.17/day
Hyundai Accent$14.77/day

Some interesting concepts are raised by this including what a car actually costs? This is what I broke it down to being:

and more costs!

Sheesh! so according to this my car cost approximately $25 a day - thats more than what I pay for rent - that is a fairly expensive total cost of ownership (TCO) - and I haven't even mentioned the environmental costs - something for a later blog.

I will say this, however, it was a great ride - see you later subie ;)

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