[Shotimes] My Mistake....was: Stated Value Insurance

[George Fourchy]

On Fri, 11 Apr 2003 22:38:20 -0400, Steve Tatro wrote:

>Curious, are you including gas, insurance, any interest on loans, etc. in
>your calculation?  I'm figuring mine as we speak (yes, I'm extremely
>bored!).

Yes, I figured everything in that I could come up with.  I got it on an excellent
loan...2.9% for 4 years.  Payments were 622 a month.  (Down payment was 300 bucks!) 
I paid it off after just under two years when I refinanced my house.  The bank
understood when I said I didn't want to pay it off, but the loan criteria required
that 'short term' loans be paid off.

I averaged fuel prices, and figured what is probably a lower average mpg than actual
for fuel use.  I've always had lots of cars, so my insurance is lower than most, due
to the multiple car discount.

I probably have omitted a few things, but I have been generous with the variables,
so the overall cost should be pretty close.  With this many miles, any change won't
have too much effect.   For example, were I to spend $9K to fix it, like the
original estimate, the overall cost would go from 21 to 25 cents per mile.  I'm
estimating the cost to be $5K, so that would take it to about 23 cents or so.

George