Economic advantage

[ceecpa]

Younger members may not wish to respond, partially due to the remoteness of my concern and partially due to their lack of understanding of economic questions.

I'm getting old.  I calculate that my primary car will become unreliable at approximately the same time that my earning ability will become unreliable.  Therefore, I ask....

Using discounted present value analysis should I go forward based on what it dictates?, or...

Using my interpretation of my personal circumstances should I plan replacement that way?

PS: Don't respond unless you understand what pv=(fv/1.+i)squared means.  What no reponses?  Y'all should have all flunked Economics 101.

Cheerio,
Chuck Edwards

Whaddya mature folks thinK?

Chuck Edwards

[pipefitter]

Install a Flux Capacitor in your Dakota, set the time travel for 20-40 years. Buy a new car at 1965-1985 prices, sell it upon your return to 2005 at current prices. Live happily ever after. Problem solved.  On your way back to 2005,  see if you can figure where Patrick lost his keys at the last VMP event.

[Edited on 29-10-2005 by pipefitter]

[2000GLXStick]

You're watchin' the beans too much.  Replace your car when you want (and you can still consider the economic side).  There's a whole spectrum of cars and price ranges and you have even more options if you know how to fix 'em.  Or do you have self-imposed restrictions you haven't mentioned like you only want to buy new?

Ride a bike.

[prsrcokr]

I like pipefitter's response (mainly because you can't go wrong when you're traveling with the flux capacitor)
Do you really want to use that fancy technical analysis when you know the real world can likely be different? I'd suggest you at least factor in the odds of a lottery win within the depreciation schedule you're using.

Younger guys lack of understanding econ? I took Micro twice doesn't that mean I know twcie as much as I should about the subject?
Brian W