How many years will I own my car? How do you know?
You amortize the cost over the planned lifetime. If you keep the car for longer than planned, great, you get a free usage extension! If you need/want to replace the car sooner than planned, you need to factor the sunk cost of the previous purchase into the cost/benefit equation of your next.
You amortize the cost over the planned lifetime. If you keep the car for longer than planned, great, you get a free usage extension! If you need/want to replace the car sooner than planned, you need to factor the sunk cost of the previous purchase into the cost/benefit equation of your next.