Nice video. I would add also parking costs, registration fees (yearly tax for owning a car where I live), safety inspection (also a mandatory yearly thing where I live), repairs (that I see as a distinct category from maintenance), tolls, fines, and miscellaneous for everything related to the car that does not fit in the other categories.
I will make a video specifically about opportunity cost of cars in 2 or 3 weeks.. Then I will update this spreadsheet as well and link everything together
Oh this is great. I’ve been thinking about changing my car soon (2012 ford focus). Only comment I have is maybe it would be good to also account for the changing power of your currency due to inflation, especially if you keep your car for several years. For example I paid £8500 for mine in 2017, which is now £11500!
Thank you very much! :) What new / newer car do you have in mind? Inflation is a good point..when I will do a video about car cost combined with opportunity cost I will try to implement it!
0:00 - The Cost of Your Car
1:36 - Car Cost Calculator
10:35 - Opportunity Cost
Nice video.
I would add also parking costs, registration fees (yearly tax for owning a car where I live), safety inspection (also a mandatory yearly thing where I live), repairs (that I see as a distinct category from maintenance), tolls, fines, and miscellaneous for everything related to the car that does not fit in the other categories.
Thank you!
That are some great points that you raised here, I will update the sheet / make a new video in the future 👌
Could you add also calculate opportunity cost?
I will make a video specifically about opportunity cost of cars in 2 or 3 weeks.. Then I will update this spreadsheet as well and link everything together
Like my father always says, a car is a piggy bank :D
Your father is a wise man!
Oh this is great. I’ve been thinking about changing my car soon (2012 ford focus). Only comment I have is maybe it would be good to also account for the changing power of your currency due to inflation, especially if you keep your car for several years. For example I paid £8500 for mine in 2017, which is now £11500!
Thank you very much! :) What new / newer car do you have in mind?
Inflation is a good point..when I will do a video about car cost combined with opportunity cost I will try to implement it!
@@simonbernlieger Not sure really, probably a Golf!
hello from finance student
I assume that comparison will be a little more presice when adjusted for inflation
Ohh. You already said about thar factor
bit.ly/3McOw9T --> link to the calculator
Kann es sein, dass du die Bearbeitung freigeben musst um den Excelsheet zu verwenden?