[Ducati] New math

[Steve Abramson]

As usual, combined mental prowess of the listers responds with mostly lucid, 
useful responses. The "over and above" interpretation of the "price premium" 
concept was spot on, I would say. Thanks all.


Steve





>> Quoting Ducati CEO Michael Lock in Cycle World article on the 1098, "you 
>> can buy a genuine Ducati superbike over a three year loan period for a 
>> price premium equal to the cost of one Starbucks coffee per day." Now I 
>> don't drink Starbucks coffee, and I didn't major in math, but he got me 
>> awfully excited. I had a vision on just marching right upstairs to my 
>> wife and announcing my intention to but a 1098 as soon as possible. The I 
>> grabbed a pen and paper real quick, and, uhhhhh, it just doesn't seem to 
>> work out. I guess I don't know that much about bike loans either. How 
>> much is Starbucks coffee, anyway? Someone please help. If getting a 1098 
>> is as easy as starting to drink more coffee, I'm ready for the caffeine.
>
> " for a price premium equal to the cost of one Starbucks coffee per day"
>
> The premium (i.e. interest), not the principal.
>
> Tom
>
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