Auto Inspection: 2009 Dodge Caliber SXT

 

*** 

Bought it from a dealership in London, Ontario "AS IS" with the error code on Oct 20, 2020.
Odometer at the time of purchase: 185,777 km
Changed winter tires and spent over a $1000 to get it certified...


Odometer at the time of sale in early 2023 ($400-$800 in cash as I ran out of cash to fix the seized engine (possibly caused by a delayed oil change as the mechanic was busy. Note: Oil and filter were changed several times and maintenance done regularly via Master Mechanic prior to the breakdown and the oil change indicator on the dashboard when the last oil change was due) and was not working at that time): 200,000 - 250,000 + km  including a trip from Toronto to California (and a test ride on Bonneville Salt Flats) and back with no mechanical issues... 


Purchase Price: $1995 (Tax inclusive)

Return on Investment (Income and savings verified by tax returns, Employment income divided between a Ford E250 and this car): 
1. Employment (Used it for Amazon, Star Security for festivals and events etc) and business/other income (Used it for Carvertise, Car rental,  road trips/Popa ride, Uber eats, Roadside Assistance via Kijiji etc. Used it to commute to office space and manage this space as a rental space on liquid space): $113,741 (between 2021 - 2024)
2. Savings on road trips: $2000 - $5000 (Including trip to US and back)

Overall return: $115,741 - $118,741(Gross income without deductions on tax return)




Bought As IS on Oct 20, 2020 for $1995 and Sold it in early 2023 (March 01 - Approx.)

Calculations:
Employment Income (Amazon, Menzies Aviation, Bolt Technologies, Star Security): $32,607.25

Business Income: 405.38
Other Income (CRA deposit, clinical trials, Carvertise - advertisement, Uber eats, Employment Insurance, Canada recovery benefit, skip the dishes etc): $79,868.81

Total Income: 112,881.44


Auto related Expenses (for Both Dodge caliber and Ford E-250 for this time period. Note: Caliber was bought AS IS without safety from the dealership):
Maintenance and repairs: $5711.29 (Roughly $1211.29 for the caliber for certification)
Auto gas: $4452
Auto Insurance: $16375.12
License & memberships (MTO & CAA): $729.42
Parking expense (Impark, Public storage): $1918.97
Travel expense (Meals and accommodation): 3012.27

Total Auto related expenses: $32,199.07



Net Profit (just based on auto expenses not the expenses listed below): $80, 682.37




Expenses, Transactions, Sales Tax, Loans and ATM withdrawals not accounted for:

Advertising & Promotion (Vista print): $115.49
ATM Withdrawal: $2466
Balance Transfer: $4444
Bank Service Charges: $669.69
Business expenses (Amazon Marketplace, Shopify, Trademark registration): $9669.48
Credit Adjustments: 0.91
Credit Card Charges: 795.01
Credit Card Insurance Premium: $331.60
Credit Insurance Sales Tax: 26.52
Donation to Charities (With receipts for tax purposes): $312.84
E-Transfer - $82
Education: $1826.50
Import Fees: $6.50
Insurance Expense (Tenant, Loan and other): $ 1431.19
Interest Expense: $1761.35
Investment Expense (ingot brokers - principal, wealthsimple, Addy e-estate, Coinbase): $16522.12
Late Fee (Parking): $15
License & Memberships (Amazon Prime): $224.92
Loan principal received: $4000
Loan Payments: $399.71
Loan Protector Insurance Premium: $119.69
Meals & Accommodation: $1221.02
Medical and dental: $203.89
Office Expense: $39.30
Office Supplies: $34.07
Other expenses (Meals, ATM withdrawals, Job search, Land Investment etc): $32,918.14
Payments: $1100.50
Misc: $15.10
Phone & Internet: $1314.65
Preauthorized payments: $53.24
Office Rent (Zemlar and hanlan road office): $5518.41
Round off: $0.06
Sales Tax: $1565.92
Supplies: 162.24
Discount: $3.57


Total transactions not accounted for: $89,370.63


**********************************************************************************
Device: LAUNCH Code Reader - CR123i OBD2 Scanner

***

Q: How does one use LAUNCH Code Reader - CR123i?
A: Plug & play and then follow instructions as shown in the video...
***
Applications: Prepurchase Inspection, Troubleshoot, Vehicle safety Inspection etc

***
Relevant Background: "An automotive scan tool (scanner) is an electronic tool used to interface with, diagnose and, sometimes, reprogram vehicle control modules...." ("Scan Tool (Automotive)" , https://en.wikipedia.org/wiki/Scan_tool_(automotive))
***
Relevant Background on OBD: "On-board diagnostics (OBD) is an automotive term referring to a vehicle's self-diagnostic and reporting capability. OBD systems give the vehicle owner or repair technician access to the status of the various vehicle sub-systems.." ("On-board diagnostics", https://en.wikipedia.org/wiki/On-board_diagnostics)
***

Relevant Material on OBD 2 Scanner: "
  1. Using an OBD2 car diagnostic scanner is simple and straightforward. Before you get started, get familiar with the scan tool’s user manual and documentation.
  2. Plug the standard OBD2 connector into the vehicle’s port located under the driver’s side of the dashboard.
  3. Turn on the car to power the scan tool or code reader.." ("How to Connect and Read an OBD 2 scanner", https://www.carfax.com/blog/obd-ii-scan-tool)
***
Relevant Statistics on accidents relating to Vehicle Issues: "The critical reason was assigned to vehicles in an estimated 44,000 crashes comprising about 2 percent of the NMVCCS crashes, though none of these reasons implied a vehicle causing the crash... Of the small percentage (2%) of the crashes in which the critical reason was assigned to the vehicle, the tire problem accounted for about 35 percent (±11.4%) of the crashes. Brake related problems as critical reasons accounted for about 22 percent (±15.4%) of such crashes. Steering/suspension/ transmission/engine-related problems were assigned as critical reasons in 3 percent (±3.3%) of such crashes. Other vehicle related problems coded as critical reasons were assigned in about 40 percent (±24.0%) percent of such crashes..." ("Critical Reasons for Crashes Investigated in the National Motor Vehicle Crash Causation Survey", https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/812115)

***
Relevant Global statistics : " Every year, roughly 1.3 million people die in car accidents worldwide – an average of 3,287 deaths per day." ("Global Car Accident Statistics", https://safer-america.com/car-accident-statistics/#Global)

***
Relevant Insurance Coverage:
a. Auto Insurance- Liability , Collision, All perils, Upset, No fault, Uninsured Auto, Customs Coverage for parts
b. Garage automobile policy
c. Personal and Business liability for property damage
d. Auto Insurance: OPCF 38 - Agreed limit for automobile Electronic Accessories and Equipment
**


Comments

Post a Comment

Popular posts from this blog

2019 Mitsubishi Mirage: Windshield Wipers

Image
  ****  Relevant Material :   “ In Canada, environmental factors such as adverse weather contributed to 18–20% of all fatal vehicle accidents in a recent year, according to Transport Canada. The U.S. Federal Highway Administration (FHWA) reports that about 21% of all accidents in the United States are weather-related. The European Automotive Insurers Association found that poor visibility is a factor in approximately 20% of all car accidents. An Australian driver training organization noted that poor visibility can increase the risk of a crash by 30% or more . Studies have shown that collision risk can increase by 50 to 100% during precipitation.   The link between malfunctioning wipers and accidents   Poor visibility is a major factor in weather-related accidents, and malfunctioning wiper systems are a major cause of impaired visibility. This can happen in several ways:   Worn-out blades:  Blades that streak, smear, or miss sections of the windsh...
Read more

2019 Mitsubishi Mirage: Oil Change

Image
  ***  Relevant Material: " Global and regional statistics United States:  The NHTSA estimates that over 4,800 people are treated in emergency rooms each year for jack or jack stand failures. United States:  A 1994-1995 analysis of NHTSA data showed that an estimated 4,822 people were injured, with hands, wrists, and fingers being the most severely injured body parts. Australia:  The Australian Competition and Consumer Commission (ACCC) reports that more than 160 people are injured each year while using car jacks. Canada:   Transport Canada  does not provide specific jack stand statistics but reports on overall vehicle traffic collision statistics ...:  " (Google)  ***  Relevant Material: " Auto vandalism statistics and reporting challenges Most official crime reporting, such as the FBI's Uniform Crime Reporting (UCR) Program in the US, does not break down motor vehicle crimes into "vandalism". Data is typically lumped into "mo...
Read more

Auto Inspection: 2013 Honda Civic LX

Image
  ***  Car inspection at a dealership in Toronto *** Relevant background: “ A primary benefit of this is that OBD systems give the vehicle owner or repair technician access to the status of the various vehicle sub-systems. The amount of diagnostic information available  … A range of rugged hand-held scan tools is available. Simple fault code readers/reset tools are mostly aimed at the consumer level. Professional hand-held scan tools may possess more advanced functions Access more advanced diagnostics Set manufacturer- or vehicle-specific ECU parameters Access and control other control units, such as air bag or ABS Real-time monitoring or graphing of engine parameters to facilitate diagnosis or tuning… OBD II information is commonly used by vehicle telematics devices that perform fleet tracking, monitor fuel efficiency, prevent unsafe driving, as well as for remote diagnostics and by Pay-As-You-Drive insurance.…” ( https://en.m.wikipedia.org/wiki/On-board_diagnostics ) **...
Read more