2009 Dodge Caliber: OBD 2 Scanner

 


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Device: LAUNCH Code Reader - CR123i OBD2 Scanner

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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





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

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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))
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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)

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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)

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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
**


Location: North America

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