Posted: May 12, 2007 under General

Description: *monthly insurance and parking* is supposed to represent all fixed costs (not dependent on mileage) involved in owning a car. *cost per mile* includes depreciation and maintenance. *value of hour time savings* can be after tax hourly earnings. For many people, it's less though. I would not pay 1 hour's after tax wages to someone else to do unskilled duties in my place.