I would like to know how to compare the below two options. My confusion point is that the price is different. What would be a recommended method to evaluate these two options given that the price is different? Is it recommended to "depreciate" the price according to the life span so that we could get the total cost per year, and then compare the total cost per year of the two options?
1. Option one: standard truck
Purchase price $100,000
Maintainance / year: $5000
Insurance / year: $2000
Avg. Miles driven / year: $60,000
Miles per gallon: 10
Lifespan: 10 years
Fuel cost: $3 per gallon
2. Option two: hybrid truck
Purchase price $150,000
Maintainance / year: $8000
Insurance / year: $3000
Avg. Miles driven / year: $60,000
Miles per gallon: 20
Lifespan: 10 years
Fuel cost: $3 per gallon
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