Is this purchase worth it?

Worth it

The road bike costs you $10.00 a month. You said having it is worth $20.00.

• It pays for itself if you keep it 2.5 years. You plan 5.
• That is $1.15 each time you use it.
• The day you buy it, $700 of the $900 cannot be got back: a pawn shop would give $200.

This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.

How this answer was worked out

Every formula is written out on the formulas page.

What the calculator asks you

• What it costs
• Years you plan to use it
• What you could sell it for at the end
• What a pawn shop would give you for it
• Times you will use it per week
• What having it is worth to you per month

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