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Portland is a PR machine for light rail & streetcar

Here are Some Facts About Portland Oregon          

“It must always be remembered how cost-effectiveness works in the public sector: the cost IS the benefit.” - author unknown




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

Car

Price range

Average

Current (2006) price of 2000 Honda Accord

$10,700-13,500

$12,100

Current  (2006) Price of 1995 Honda Accord

$5,300-7,900

$6,600

Difference over 5 years


$5,500

Cost per year (5,500/5)


$1,100

Cost Per Year for Depreciation of a 9 year old car

Monthly payments & Financing costs

Monthly Payment

$233.93


5 years of payments (60 x 233.93)

$14,035.80


Amount borrowed

$12,100


Finance charge  ($14,035.80-$12,100)

$1,935


Annual finance charge ($1,935 / 5)

$387