View Single Post
  #18  
Old 01-03-2013, 07:07 PM
dcotejr's Avatar
dcotejr dcotejr is offline
On the road again...
 
Join Date: Jun 2005
Location: Anniston, AL
Posts: 378
Quote:
Originally Posted by jcyuhn View Post
If you're really OCD, you should also apply a discount to the future cash flow provided by performing the repair. Based on the time value of money, a string of future payments is worth less then the equivalent cash in hand today. So if the repair costs $5K today, you need to save comfortably more than that number over the coming years to economically justify the repair. Lots of calculators on the web make it easy to compute the value of a string of payments.
OK. I must be OCD, since that was my first observation
__________________
Mine: 1987 MB 420 SEL - 62K (Dec 2019)
Mine:1991 MB 350SDL - 244K (Aug 2011)- Totalled 9/14/2016
Mine:1981 MB 300SD - 326K mi (July 1997)-sold
Wife's: 2008 MB C300 Sport - 92K mi (April 2009)
Reply With Quote