Portland is a PR machine for light rail & streetcar
Here are Some Facts About Portland Oregon
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To determine the 5 year depreciation of a 9 year old car we compare the value of a 2000 model year car with a 1995 model year and divide by 5 | ||
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Car |
Price range |
Average |
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Current (2006) price of 2000 Honda Accord |
$10,700-13,500 |
$12,100 |
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Current (2006) Price of 1995 Honda Accord |
$5,300-7,900 |
$6,600 |
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Difference over 5 years |
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$5,500 |
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Cost per year (5,500/5) |
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$1,100 |
Cost Per Year for Depreciation of a 9 year old car
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Monthly Payment |
$233.93 |
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5 years of payments (60 x 233.93) |
$14,035.80 |
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Amount borrowed |
$12,100 |
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Finance charge ($14,035.80-$12,100) |
$1,935 |
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Annual finance charge ($1,935 / 5) |
$387 |
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