If your bank balance is screaming everyday at your 6-year old scooter that it will soon replace it with a brand new car, maybe it’s the right time for you to buy one. But be careful before you blind-folded follow the advice of “money-in-your-pocket” because it’ll come back hauntingly once you spend all of it together. That’s why most people finance cars i.e. take them at loans so that they never have to go through any “money crunch”. But before you enter the showroom and get the papers ready for your car, you should be prepared for the future prospects as well. You should know what returns you can expect off that car after 10 years and when you can afford a new member in your garage. Having a plan B is always good but where is your plan A? So let’s get started!
I am talking about the latest iOS app called Car Cost Universal that has been developed by Bjorn Sjoblom. The app is compatible with iPhone, iPod touch and iPad and requires iOS 7.1 or any later version of the OS. This app has also been optimized for iPhone 5, iPhone 6 and iPhone 6 Plus.
Car Cost Universal helps you estimate the cost of your vehicle through its entire run. It includes the cost of servicing/repairing, costs due to wear, cost of fuelling as well as the cost of depreciation which accounts for nearly 50 percent of the total cost. The data consists of both true costs as well as the actual payments that you’ve made by that time period. After adding the initial data of your vehicle, it can track its run for the next 12 years. To give you better insight into the changing values over time, the app also incorporates curves which signify the “loss rate”. Based upon your calculations, the app generates a curve which is specific for your vehicle only.
Do you know that the “loss of value” of your vehicle over time is directly linked to your loan as well? Even if you don’t, don’t worry because that’s why you’re going to need this app. It’ll not only help you understand the amount which you’ll be paying each month till your term ends; it’ll also help you fine-tune your term to your requirements. Sooner the loan ends, sooner you can afford a new loan for car, home or anything else. So now you don’t have to visit a lawyer or any consultant just to finance your car. You have your own consultant in your pocket.
The app is very intuitively designed with a structural plan in mind so that you can easily access each and every feature from the home-screen itself. Whether it’s about loss in value or loan or mileage, you’re just a tap away. You can select any system of units and you’ll get the output in the same manner. Moreover, you can save each of your cases to in-app store and keep them for later references. So every car has a file with all the case details which you can readily access.
So overall, this is a great app to have for any potential car buyer. The app is available for just $1.99 in the App Store. So make sure you check it out!
Pros: intuitive UI; calculate total costs of your car over next 12 years; calculate loss in value and loan estimates; store multiple cases.
I will give this app 4.5 out of 5 stars.
Worth Having App – Download the App