Money & Economy

Calculations involving prices, markets, taxes, debt, inflation, and economic intuition

Buy New, Buy Used, or Lease an Elantra for 5 Years? — What the Lease's $2,000 Premium Actually Buys

Buy New, Buy Used, or Lease an Elantra for 5 Years? — What the Lease's $2,000 Premium Actually Buys

How much does the same Hyundai Elantra (the Avante in Korea) really cost over five years — bought new, bought as a 3-year-old used car, or on a 60-month long-term rental? This piece breaks down exactly what the lease's ₩49,021 (≈$34) monthly premium over buying new actually buys — depreciation uncertainty, breakdown risk, upfront capital — and finds the new-vs-used race, a ₩1.27M gap in cash terms, closes to a mere ₩9,193 once real financing rates enter the picture.

Gas, Diesel, Hybrid, or EV — Which Is Cheapest Over 5 Years? At 7, the Answer Flips

Gas, Diesel, Hybrid, or EV — Which Is Cheapest Over 5 Years? At 7, the Answer Flips

A car's sticker price is just the opening bid. Add in fuel, insurance, registration tax, maintenance, and resale value, and the total cost of ownership (TCO) tells a very different story. We run the numbers on a Hyundai Tucson in gasoline, diesel, and hybrid trims plus an IONIQ 5 EV — and the cheapest car changes not once but twice as ownership length and annual mileage shift.

400 Francs Alive, $82.5 Million Dead — What Was Van Gogh's Painting Actually Worth?

400 Francs Alive, $82.5 Million Dead — What Was Van Gogh's Painting Actually Worth?

Van Gogh sold exactly one painting in his lifetime — The Red Vineyard, for 400 francs. A century later, Portrait of Dr. Gachet sold at Christie's for $82.5 million. Three conversion methods (gold standard, CPI, wage-indexed) put 400 francs somewhere between $3,300 and $11,600 in today's money, a 3.5× spread that is itself the point. The tragedy multiplier runs from 7,100× to 60,000×. Then the counterexample arrives: Picasso died with ~$750M, and Damien Hirst grossed $200M from a single auction — while still alive.