My two cars

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My two cars by Mind Map: My two cars

1. Ownership Costs

1.1. Gas

1.2. Insurance

1.3. Interest

1.4. Maintenance

2. 1998 Mercedes Benz SLK

2.1. Resale Value: $3188.00

3. 1996 Mercedes Benz C-Class

3.1. Resale Value: $1346.00

4. Loan Options

4.1. Trade In

4.1.1. Upfront money with object (Car), "official"

4.2. Private Seller

4.2.1. Upfront, no "official"documentation

4.3. Bank

4.3.1. Official government loan, can get credit for paying off loan.

5. Average Insurance Costs

5.1. C Class

5.1.1. $1374.00

5.2. SLK

5.2.1. $1486.00

6. Lease or Buy?

6.1. Buy. The upfront cost of leasing a car is awesome, but in the long run purchasing a car can actually be cheaper.