carbitrage

on martijn van exel

#random

I purchased a brand new Toyota RAV4 Hybrid in November 2019. I paid $2,000 down and made a total of $37,654.02 in loan payments. The car is paid off. The insurace premium averaged out to about $70/month. Generously, that's $2500. No repairs, just regular maintenance at maybe $500 total. Adding this all up, that's $42.654.02. Just now I got a $44,000 offer on Carmax. So, assuming they actually pay me that amount, and not accounting for gas, inflation and any opportunity costs, that's me making $1,345.98 for driving a nice car for 2.5 years. The times we live in.