Harbinger of Doom
- Oct 23, 2001
I'm at work until 10 PM, so let's update the math for $300/mo depreciation for a hypothetical $30k net base commercial-trim Lightning, 1000 miles/mo per upcoming year(s) estimates with me driving the kids to downtown for dropoff regularly:looks like my curiosity will be sated come Monday!
At this point we're getting pretty close on cost, and very handwavey in my estimates of depreciation for each vehicle and extra insurance cost... Show me that grey vinyl interior and the spec sheet on Monday, Ford!Let's assume that a base model F-150 Lightning would depreciate at $300/month. Said newer vehicle would also cost perhaps $100/mo more to insure.
Current costs: $200/mo gas (1000 miles, 15 mpg, $3/gal) + $150/mo depreciation = $350/mo (+ baseline insurance costs).
Base trim Lightning costs: $300/mo depreciation + $100/mo extra insurance cost + $40 in energy costs = $440