Re: Another Gollum classic

Adrian  typed:
> "Dogpoop" <dogpoop@hotpop.com> gurgled happily, sounding much like
> they were saying:
>
>> Indeed we bought a £32000 car for £7000 about 7 years ago, and it's
>> still worth ~£3000 so it's not lost anywhere near as much as is
>> suggested.  By the time we change it'll owe us nothing, IMHO, though
>> we don't intend to change it in the foreseeable/next 10 years.  We
>> also, and many others I believe, didn't need to bother with finance,
>> so the capital costs are also useless in the tables.
>
> Not quite, since you're looking at the lost investment income on seven
> years of £7k... At 5%, the savings calculator on Motley Fool suggests
> that's nearly £3k.

But ... if I hadn't bought the vehicle, I wouldn't invest it how they
suggest anyway.  It'd either be spent on summat else or frittered away, so
how could I be 'losing' anything from it?  It isn't a 'cost' to me at all.
I can see it's a 'potential cost' which is a different thing and even then
it's only a paper-chase to try to prove their point, which in my context is
therefore absolutely meaningless.

The only 'investments' I have are in land and buildings, which have done me
very nicely thankyou, and 7k wouldn't buy anything in the area or tip the
balance on what can and can't be bought.  :)

--
Dogpoop
http://www.glass-uk.org/
"You would probably do better not to bother with renewable
energy"  Doug, UK.Transport 29/04/2008 08:53.
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