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by sokoloff
3026 days ago
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> First, time value of money. The Prius costs $24k that you don't get to invest over the time you're driving. Let's call that $1-2k. Plus, most drivers will pay interest on financing the car. ($1-5k depending on credit rating) You can't assume that the owner has paid cash for the car (forgoing investing the $24K) AND assume they finance the $24K and ding their P&L with finance charges. (It's double counting.) |
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