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Hi Fishes, I joined Accenture last month and 45days has been passed but today I got a mail to submit LOA signed copy so does that mean that my bgv has not been started till now and will start only post submission of this document. Any one any idea how many does does they take to complete the whole process?? Thanks Accenture
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Hey, I am looking for Operation/ Audit role for USA company. Can any one help me here. Currently working with MNC whos base is managing client books of accounts, esp for USA clients. Also, have a good grasp on SALT(State and Local Taxes) for these (Sales Tax, local tax, business tax). Please DM me. Happy to work remotely or need be immigrate but would required visa support. Accenture Deloitte KPMG Google EY PwC CohnReznick Tata Consultancy Infosys Wipro Cognizant Microsoft Adobe Walmart Cisco
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Pretty sure work is giving me a bedsore...
Ya’ll take ya vitamins today?
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Hello! Anyone work at GE Healthcare?
Chief
Anybody in BCG PIPE?
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Chief
You didn’t lose 3k, you spent 3k to own a car for 5 years which is about as cheap as it gets.
Wow I need to this perspective more often!
Rising Star
ShOuLd HaVe LeAsEd a DePrEcIaTiNg AsSet
3k and 5 years if you count everything.
My gut take is you came out ahead and got the value out of the car. A cheap lease would be what, 140 a month? So over five years 8.3k cost.
No. How much would it have cost to lease a car during that time period (assuming you needed a car)? Seems like you came out ahead
Leased a new car last September with $0 down and just sold it for $8500 over contract buyout
What kind of car
Depends how it was utilized. If it sat for 5 years, yes. If you used it to get to work and made more than $3k over the last 3 years then yes. Or if you used it to go to places where that you needed to be and it worked out to be cheaper than the alternative then no.
Either way truthfully thats a huge W. Used/New car market is nutso. I bought a new BMW in August that will be here in a few weeks that will lose $3k the first time I sit down in it lol.
Makes sense! Used it to work, travel and all. Just glad I got something back. Was not expecting anything
The used car I bought last September is now worth more than when I bought it 😂😂
What kind of car
Chief
Well, inflation, so kind of lost more.
Pro
Way better than my car value.
Bought at $14k used 5 years ago. Now trading for $6k after I’ve driven 50k miles.
Pro
Used Toyota RAV4
Had I bought a new car, yearly expenses and cost would be roughly the same. I had to put a lot of money on replacing aging components.
I no longer view used cars as a financially savvy thing. Since there’s risk of replacing components and opportunity cost of not having the car (car rental and Uber adds up)
Alternatively even before the car prices of this year, a better strategy would’ve been to purchase new desirable cars and then resell in a year for roughly the same price. Since it takes time for supply of certain models to reach the demand (RAV4 primes for example)
Pro
Good way to look at it is cost per mile. Your depreciation expense was only $3000 - definitely lower than average, especially if you used the car a lot.
What do you mean by losing? Using a car has a cost, which goes well above the depreciation cost. Look at Edmund total cost of ownership model, it will give you an idea of what to account for (maintenance, repairs, taxes, gas etc.)
Real question is did that cost make sense financially to you or not, was there cheaper alternative etc.
Cars never usually appreciate in value. Used car prices just happen to be overinflated currently for some reason. That car would have sold for 13k around 2 years ago
Rising Star
“For some reason” is the extra demand due to people putting off purchases during WFH and not commuting and very significant supply chain issues for new cars, raising their prices and limiting supply :)