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! | |
| insurance | $4.50/day |
| registration | $1.70/day |
| petrol | $1.70/day |
| services | $0.85/day |
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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