# What am I doing Figuring out how much things cost for the truck compared to buying a WRX Yichen, the seller, is (maybe) getting deported--so he wants to sell his WRX. He made me a competitive offer. # What are the cars | Property | WRX | F150 | | --------- | ------- | ------- | | Year | 2015 | 2015 | | Mileage | 35,000 | 70,000 | | Fuel Econ | 21/28 | 17/24 | | HP/Torq | 268/258 | 365/420 | | Weight | 3267 | 5540 | | Seats | 5 | 5 | | Tow Cap. | 2000 | 10000 | # What do they cost ## Capital Costs | Cost | WRX | F150 (Fair) | | ---------------------------------------- | ------------------- | ------------ | | KBB Value | $15k-18.5k | $19k-22k | | Sales Tax (7%) | $1050 | $0 | | Title Application | $67 | $0 | | Plate Transfer | $10 | | | Cost to physically
get the car | $300 | | | Cost to have mechanic
inspect the car | $300 | | | **Subtotal:** | **$16.7k / 20.2k*** | **$19k-22k** | Sales tax was calculated at sale price of $15,000, which Yichen already offered. ## Operating Costs | Cost (Per Year) | WRX | F150 (Fair) | | --------------- | --------- | ----------- | | Registration | $48 | $111 | | Inspection | ~$80 | ~$150 | | Gas (6000 mi) | $875 | $1105 | | Maintenance^ | $652 | $701 | | Insurance^^ | $736 | $824 | | **Subtotal:** | **$2391** | $**2891** | ^Sourced from RepairPal.com ^^ Quotes on similar policy from Liberty Mutual ## Cost Summary The expected cost of purchasing the WRX is **$16,700**. An easy Instant-Cash-Offer from KBB puts the truck at **$18,450.** The yearly cost of owning the truck vs. the WRX is **$500 more.** # Questions to Answer 1. Am I missing anything here? 2. How should I think about depreciation? 3. How does one move a large amount of money all at once (bank wire?)?