Originally Posted by
I-Like-To-Bike
Also almost all putatively reliable car cost per mile estimates depreciate the purchase price over a 3 or 5 year period, and factor in the trade-in value at the end of the 3 or 5 year period. Acidfast7 has included the entire purchase price at mile one, i.e 100% depreciation on day one.
I can't really buy a bicycle on payments (or lease one). The entire cost at the beginning, therefore, seemed more reasonable. Or not?