Let's examine some facts and figures that just might amaze you to find out just what it's going to cost you over the long haul. Lets face it purchasing a new car is expensive, but the real spending comes into the picture when we start looking at the cost of ownership over the years to come and not just at the monthly payment.
See how to calculate your costs below:
Cost of Financing
Estimate your costs based on the amount your going to use for a down payment and include in the term and interest rate.
Cost of Insurance
Insurance is going to be dependent on your age and driving record. Some insurance agencies also charge more for people with poor credit.
Cost of Depreciation
This is had to estimate since no one can predict resale value but if you visit Kelley Blue Book and look at your make and model over the last 3 years compared to what it cost new you can good a general idea.
Cost of State fees
How much will it be to register your vehicle every year? If your state requires an inspection your also need to figure in those costs
Cost of Fuel
Estimate your Gas costs based on the EPA mileage numbers listed on the vehicles window sticker, you will need to take into account how much City driving compared to Highway driving you do. Figure your fuel cost per gallon at $2.96 for unleaded regular, $3.07 for unleaded mid-grade, $3.17 for premium and $2.90 for diesel. These are the numbers in Orlando during June 2007 you can visit http://gasprices.mapquest.com to see the average prices in your area.
Cost of Maintenance
Assume services are performed at manufacturer's suggested intervals with additional service done when needed. Estimate labor rates at $80 per hour for non-luxury vehicles and $95 per hour for luxury vehicles.
Cost of Repairs
How long is the manufacturers bumper to bumper and are you going to get an extended warranty? Are you going to keep the vehicle past the warranty? What is the vehicles reliability report look like from Consumer Guide?
So now that we have included all the real considerations that are needed, you can now consider and calculate most any new car that you purchase and see just what it will really cost you on average over the next couple years. And we can these figures into consideration when negotiating the price of the new car.
The virtual world is vulnerable to many inbuilt and invented fragilities that can threaten the sanctity of data. On the other side, the real world is open to possibilities of natural and man made disasters that can sometimes have a damaging impact on the storage media retaining costly data. When the lost data belongs to a corporate entity, the losses could run into billions of dollars.
Consequences of Data Loss
Modern corporate organizations are basically speaking a network of various digitized networks that sustain and thrive upon meticulous computing for their growth and survival. If we are able to grasp the complexity of this statement then the consequences of a major data loss incident surely point towards a grim scenario. A data loss incident practically has the capacity to paralyze all the organs of any modern organization and can literally push it towards the verge of bankruptcy. Today, different departments in all the bustling organizations are digitally interconnected and rely on the exchange and sharing of data for securing functional efficiency.
Ancient Indian tradition believes that most of the diseases in the human body are caused due to some obstruction to the free flow of life force within it. Whether it is true or not is debatable. However, it is certainly true that survival of modern businesses depends upon a smooth flow of information. A data loss incident obstructs this free flow of information and clogs the IT network responsible for ensuring connectivity within and without an organization. Most of the departments within a modern organization can come to a standstill, in the absence of the appropriate support data necessary for conducting critical functions.
Data Loss and Customer Confidence
Modern businesses are about creating perceptions. Concept marketing is the name of the game. Businesses try to gauge the consumer expectations through meticulously designed surveys and leave no stone unturned in convincing their prospective customers regarding the superiority of their products and services through advertising campaigns, media and personal contact programs. Computer networks are the most important means of ensuring customer contact, sales and after sales support. Any hampering of such studies and services due to data loss has the potential to shake the confidence of most of the customers regarding the claims of the concerned organization. This could jeopardize the survival and growth of any firm resulting in massive losses.
Data Loss and R&D Facilities
With an increase in the customer expectations and tough market competition, businesses are always under pressure to improve on their range of products. In such a scenario, research and development has a major role to play in ensuring market success. The problem is that R&D is a cash guzzling activity and the expected outcome depends upon the synthesis and analysis of resulting data. Any data loss incident in the research and development wing of an organization could throw it back by decades. In the absence of an ability to come out with timely innovations, a company strands no chance of facing any stiff competition.
Financial Damage Due to Data Loss
Relevant statistical data provided by many reputed institutions is sufficient to open the eyes of any individual regarding the gravity of data disasters. 30% of all the businesses that face a major data loss disaster close within the very first year of this accident. 70% go bankrupt within the next five years. As per a survey, American businesses suffered losses to the tune of $7.6 billion in 1999 due to data losses resulting from viruses only. It has been seen that data loss incidents dip the stock prices of many companies beyond the limit of survival. Such incidents could make the potential investors to back off from supporting the affected business.
Calculating Damages Due to Data Loss
Considering the above mentioned facts it would be safe to say that it is next to impossible to accurately calculate the damages due to a data loss disaster. They ambit of any major data loss disaster is too wide to come into the grasp of financial analysts. Data recovery from a single hard drive could sometimes cost upwards of $7,500. It takes $19,000 to retype 20MB of accounting data.
Thus it is far easier to install systems to avoid data loss then to indulge into the arduous task of calculating damages due to data loss. And anyway most of the times it is too late to be of any practical use.
Both Dennis James & James Walsh are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Dennis James has sinced written about articles on various topics from Cars, Auto Insurance and Used Car. Visit DennisDornon.com for everyday invoice prices on and. Dennis James's top article generates over 246000 views. to your Favourites.
James Walsh has sinced written about articles on various topics from Small Business, Binding Machines and Divorce and Infidelity. James Walsh is a freelance writer and copy editor. For more information on computer crime and see. James Walsh's top article generates over 368000 views. to your Favourites.