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I believe resale value should also be taken into the cost of ownership equation.
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Consider the first point of the article:
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| • Depreciation: Depreciation is far and away the biggest expense of motoring. Your shiny new car will lose almost 10% of its value as soon as you drive it off the showroom floor, and 30 to 40% in the first year of ownership alone. Depreciation is far and away the biggest expense of motoring. Your shiny new car will lose almost 10% of its value as soon as you drive it off the showroom floor, and 30 to 40% in the first year of ownership alone.
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Added to that is octroi at 5.5% (not 4.5% as stated by GTO).
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Thanks. Article corrected.