| New vs. Used Table -- Why Buy Used?? |
| 2005 KW T600 |
2008 KW T600 |
TRUCK PRICE
|
$ 70,000.00 |
TRUCK PRICE
|
$ 100,00.00 |
| FET |
______ |
FET |
$ 12,000.00 |
| SALES PRICE |
$ 70,000.00 |
SALES PRICE |
$ 112,000.00 |
| |
|
|
|
| FIRST YEAR DEP. 30% |
FIRST BUYER LOSS |
FIRST YEAR DEP. 30% |
$ 33,600.00 |
| SECOND YEAR DEP. 25% |
FIRST BUYER LOSS |
SECOND YEAR DEP. 25% |
$ 119,600.00 |
| THIRD YEAR DEP. 20% |
$ 14,000.00 |
TWO YEAR OWNERSHIP DEP. 20% |
$ 53,200.00 |
| FOURTH YEAR DEP. 20% |
$ 11,200.00 |
|
|
| |
|
|
|
| TWO YEAR OWNERSHIP DEP. |
$25,200.00 |
|
|
| |
|
|
|
| INTEREST EXPENSE @ 15% 2 YR AMORTIZATION |
$ 11,480.00 |
INTEREST EXPENSE @ 15% 2 YR AMORTIZATION |
$ 16,352.00 |
| |
|
|
|
| WARRANTY REMAINDER |
______ |
WARRANTY REMAINDER |
INCLUDED |
| |
|
|
|
| FUEL COST 6.5 MPG @ $2.50 X 125,000
MILES |
$ 96,153.00 |
FUEL COST 6.5 MPG @ $2.50 X 125,000
MILES |
$ 96,153.00 |
| |
|
|
|
| MAINTENANCE CPM @ .06 |
$ 15,000.00 |
MAINTENANCE CPM @ .06 |
$ 8,750.00 |
| |
|
|
|
| TOTAL |
$ 9147,833.00 |
TOTAL |
$ 174,455.00 |
| DIVIDED BY MILES |
250,000 |
DIVIDED BY MILES |
250,000 |
| COST PER MILE |
$ 0.59 |
COST PER MILE |
$ 0.70 |
| |
| Illustration shows $0.14 per mile less on pre-owned vs. new.
Based on 125,000 miles per year, your costs are $17,500 less per truck.
2 years = $35,000 |
| Figures based on 2-year ownership and 125,000 miles per year. |
|
