Put off a car repair

Waiting costs you

Putting it off for 6 months costs you $532.

• Waiting only pays if the chance of it getting worse is under 0.4%. You put 30%.
• For every $1 you put off, you pay $2.33.
• Keeping the money earns you $8 meanwhile, which is already counted.

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 the repair costs now
• Months you would put it off
• Chance it fails or damages something else
• What that bigger repair would cost
• How much it grows each month if left
• What waiting costs you each month meanwhile
• Yearly rate the money earns you while you keep it

Related

• Wait to pay off a credit cardWorked example
• Put off the dentistWorked example
• Put off a home repairWorked example
• Wait to replace something that still worksWorked example
• The cost of waitingThe calculator this example comes from
• Before you decideA checklist of what is worth checking first