2008 GMC Acadia: Dexcool Engine Coolant

 

Bought (Financed with safety and warranty) the 2008 GMC Acadia 4D Utility on Aug 01, 2018 from the dealership

Odometer at the time of purchase 105,142 km and Odometer at the time of sale (to a dealership in Toronto in late 2019): 110,000 -150,000 km

Purchase Price: $9024.08 (with financing)

Sale Price: $1800 (Vehicle was maintained and even taken to repair shop (covered under warranty) for stalling issues on the highway prior to the sale)

** Used it for Road trips (From Toronto to Windsor) and property management



Return on Investment (Income and Savings): 

1) $500 - $5000+ (Savings on car rental and public transport for road trips) 

2) Employment and Business Income (Divided between Acadia and 2007 Dodge Caravan): $65, 495.21 (verified by tax returns for 2018 and 2019)

Overall Return on Investment: $65,995 - $70,495.21

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Note: The report figures are for both the vehicles - 2007 Dodge Grand Caravan (work & commute vehicle) and 2008 GMC Acadia (spare vehicle for property management, presentations, road trips and to improve credit for future mortgage loans)

QuickBooks Report for time period between Aug 01, 2018 (Date on bill of sale) and Jan 09, 2020 (Date on cheque for the sale of the Acadia)

Employment Income: $19422.89

Other Income (Uber eats, skip the dishes, Arise Virtual Solutions - Product Support Gigs for Intuit Turbotax and QuickBooks, CRA deposits, Sports betting): $17006.31

Total Income/Revenue: $36429.20



Expenses:

Auto gas: $2450.38

Auto Insurance: $4277.24

Auto Expenses for both Dodge caravan and GMC Acadia (Repair/Maintenance. Though Acadia was covered under warranty, I still had to pay $601.78 for engine stall issue): $3533.03

License & Membership: $389

Travel expenses (Meals & accommodation): $547.55

Parking expenses: $208.11

Cost of Borrowing (as listed on bill of sale) including financing and deposit: 10,024.08

Total Auto related expenses (Not Including the Auto loan): $21429.39

Net Profit (Before business and other expenses): $14999.81 + $1800 (sale price) = $16,799.81



Business Expenses (Computer Inventory, Software like QuickBooks, Amazon, Ali Express, Best buy & Walmart): $5047.82

Net Profit after business expenses (Not including other expenses below): $11751.99


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Other expenses (not accounted for (Not relevant to Auto apart from auto loan - Some are repeat expenses): 

Phone expenses: 2269.88

Condo Rent: 5708.59

Condo (lease) tenant Insurance: $324.72 

Condo Maintenance and repairs: $47.95

Medical (Dental Only): $1122.79 

Other loans like the loan from Fairstone financial to pay for legal expenses relevant to a ticket from a ride program (Including auto loan which is already covered under vehicle price (financing inclusive)): $2673.74 

Interest Expense: $1355.35 (Part of it is cost of borrowing listed above under auto expenses)

Donation: $28

Tuition: $79

Credit Card Insurance: $331.55

Credit Card Charges: $91.38

Bank Service Charges: $329.99

Total Office Supplies: 616.81


Total Other expenses not accounted for: $14979.75

***

Q: How does one refill Antifreeze and coolant in a vehicle? How does one stop Engine from overheating and damage?

A: As shown in the video
***
Applications: Engine Coolant - 50-50 Prediluted Anti Freeze & Coolant
***
Relevant Background: "An antifreeze is an additive which lowers the freezing point of a water-based liquid. An antifreeze mixture is used to achieve freezing-point depression for cold environments. Common antifreezes increase the boiling point of the liquid, allowing higher coolant temperature.Antifreeze was developed to overcome the shortcomings of water as a heat transfer fluid....On the other hand, if the engine coolant gets too hot, it might boil while inside the engine, causing voids (pockets of steam), leading to localized hot spots and the catastrophic failure of the engine. If plain water were to be used as an engine coolant, it would promote galvanic corrosion. Proper engine coolant and a pressurized coolant system obviate these shortcomings of water. With proper antifreeze, a wide temperature range can be tolerated by the engine coolant, such as −34 °F (−37 °C) to +265 °F (129 °C) for 50% (by volume) propylene glycol diluted with water and a 15 psi pressurized coolant system...." ("Antifreeze", https://en.wikipedia.org/wiki/Antifreeze...)
***
Relevant statistics on Engine Coolant and Anti Freeze: "The global antifreeze/coolant market size is estimated at USD 5.4 billion in 2020 and is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8%. The global antifreeze/coolant industry will be driven primarily by the increasing number of vehicles in operation worldwide." ("Antifreeze/Coolant Market by Application (Automotive, Industrial), Base Fluid (Ethylene Glycol, Propylene Glycol and Glycerine), Technology, Regions (North America, Europe, APAC, Middle East & Africa, and South America) - Global Forecast to 2025", https://www.marketsandmarkets.com/Market-Reports/antifreeze-coolant-market-9054255.html)
***

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) Liability both for body injury and proeprty damage 
b) Collision 
c) Upset
d) Accident Benefits Coverage 
e) Uninsured Auto
f) Garage Auto policy
g) Auto insurance: Customs coverage for parts
h) Travel & health: Collision waiver for rental vehicles
i) OPCF 35 - Coverage for Emergency Road service
***

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