Break-Even Kilometres: When Does the Efficient Car Pay Off?
This lesson is part of the course
In this lesson
You split each car's cost into a fixed part per year and a variable part per km, solve for the distance at which the cheaper petrol car and the efficient electric car cost the same, and let an IF name the winner at Nadia's distance.
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Lessons in this course
- Depreciation by Age: The Value Curve and Resale at Your Holding Period Locked
- The Car Loan: Monthly Payment, Total Interest and the Amortisation Schedule Locked
- How a Lease Payment Is Built: Residual, Money Factor and Excess Kilometres Locked
- Cash, Loan or Lease? Comparing Net Cost with the Opportunity Cost of Money Locked
- Running Costs: Energy per 100 km, Insurance, Tax, Tyres and Service Locked
- Total Cost of Ownership: Three Cars per Month and per Kilometre Locked
- Break-Even Kilometres: When Does the Efficient Car Pay Off? Locked
- Capstone: Keep the Old Car or Replace It Now? Locked