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Auto Fuel Economics

Auto Fuel Economics
  • #: 168885
  • Price: $0.99 In Apple Store
  • Category: Finance
  • Updated: 2008-09-08
  • Current Version: 1.0
  • 1.0
  • Size: 0.00 MB
  • Language: English
  • Seller: Stephanie Plamann
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 2.0 or later
  • © Mitchell and Stephanie Plamann
  •  Add to Favorite apps

 

Description

Auto Fuel Economics is a simple program that compares buying price and gas mileage between two different cars to help with your car purchase decision. You simply enter the price and MPG of each car in which you are interested. Then add the current price of gas and the average number of miles you drive per year. For a cost analysis, decide approximately how many years you would keep a car. This program will allow you to compare two cars to determine an annual fuel cost as well as a total spent per car (minus maintenance) for the years you determine. Of course, you can repeat the data entry process as often as you need with as many different pairs of cars you wish to compare. With the cost of fuel ever rising, gas mileage and money spent over a certain period of time is important for all consumers. Hopefully this simple program will assist you in your decision making process.

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Auto Fuel Economics iPhone Screenshot 1

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Rated 5/5 based on 1 customer reviews.

 

5/5 stars

Simple effective

:
Informative

Only idea I have to add is having the option to run an opportunity cost analysis.. Ie if buy more fuel efficient car, over 10yrs I save 100$ per year in gas but if I buy a car that is 800$ less up front I'm actually saving more because I can invest that 800$ for 10 years, or if buy the better mpg car invest the saved 100$ each year. Called an opportunity cost analysis I believe.

Gas guzzler:
800$x10% intrest compounded annualy x10yr

Vs.

Fuel sipper:
Net present value of 100$/yr,10%,10yrs

Something like that. Not good at business finance though. That's where the apps come in ;)

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The information may be outdated (2011-04-20 23:01:29). For actual information go to iTunes

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