Both vehicles are subsequently worthless

Your economics illiterate neighbour asks your advice which car to buy. If the interest rate is 7% which of the two cars would you recommend buying?

The Table below shows the cost of buying and running an electric car versus a petrol car (including fuel, service, tax and insurance) Year Electric Car Petrol Car Purchase Price Running Cost Purchase Price Running Cost 0 now) 30,000 500 22,000 2,500 1 500 2,500 2 500 2,500 3 500 2,500 4 500 2,500 Both vehicles are subsequently worthless Your economics illiterate neighbour asks your advice which car to buy. If the interest rate is 7% which of the two cars would you recommend buying