Total Cost of Ownership

Occasionally, I am told that watch service and repair cast are high compared to what you can buy an old watch for.

According to Consumer Reports the median total cost of ownership of a car, in 2012, is $9,100 per year for the first five years.

That's $45,000, which can buy a pretty nice car. Is it odd that people buy, and then service, cars?

If you buy a "watch that runs" off eBay for $200, and get it serviced once in 5 years for $150 to $200, that's a bargain! Or if you don't get it serviced, maybe it will last 5 years before it stops running - like a car that never gets the oil changed.