When youre comparing the cost of two vehicles and one has better fuel economy or uses diesel, there are benefits and you know at some point you will break even, after that point you are saving money.
These same calculus equations are used everyday in business to assure smart choices are being made, otherwise a business can fail. The BreakEven app uses graphical calculus equations such as the Slope and Y-intercept equations to precisely locate critical points.
Now professional quality decision making is placed in the palm of your hands. You will know where the break even point is and can be assured the long term benefits will be worth the extra investment now.
Break Even analysis:
- Automobile comparison
- Gas vs. Diesel
- Tire Deal break even
- Car loan
- Generic 2pt y-intercept (multiple uses)
Example: You have two tire choices, one is $80/tire and 40,000 mile tire, or a $110/tire 60,000 mile tire. How many miles to break even on the more expensive tire? y = mx+b, fy(0) = .00733x - 120 tells us 56,371 miles. The break even point is 3,629 miles less than the life expectancy of the tire; after the break even point youre getting free miles on those tires compared to the $80 tire deal. This is being a smart consumer... the BreakEven app will save you money time and time again!
You will know when purchasing a more economical automobile makes sense, and you will know how many miles you need to drive it to break even on the deal.
(see MoneyMax for additional financial planing tools)