When I return to work this Thursday, I will have completed my first month as a salesman at Leikin Volvo. With that amount of time under my belt I am offered the distinguished privilege of driving a demo car for a small monthly "rental" fee. I intend to take advantage of this deal during the winter months since the heater in the XJ-S doesn't work. But I have been wondering whether it would be a good idea all year round.
My wife and I initially agreed that "renting" a demo car would not be cost-effective at this time as the Jaguar is already paid off. However, things are a bit more complicated than that. The Volvo would probably provide better gas mileage, not require repairs, and not require insurance, but it would require a monthly "rental" fee. The Jaguar doesn't get good gas mileage, does require insurance, and will require periodic maintenance, but I happily don't owe anything on the Jaguar. Which then is the better deal?
I've chosen not to reveal the "rental" fee as it is not a public matter. But you can see with these totals that I could afford to pay up to $120 per month at the current figures and not change our financial situation at all. Hmm...
$ / GAL