Use the calculator below to find out! The lowest Present Value is the right choice.
Enter your assumed inflation and internal rate of return (typically low since the vehicle is required in both scenarios). Then, enter the value of the quote you received as a percentage of the new, replacement cost. Check the checkbox to toggle the Data tab to see the series of cash flows for the two scenarios.
This model assumes buying a new vehicle every seven (7) years compared to remanufacturing.
A Cost Basis of ‘100’ makes it easy to compare the present values. If you prefer, you can enter your cost on a new vehicle.