Did a little math. Interesting.
mpg Cost per gallon
500 5,000 10,000 15,000
16 $4.00 $125.00 $1,250.00 $2,500.00 $3,750.00
18 $4.00 $111.11 $1,111.11 $2,222.22 $3,333.33
20 $4.00 $100.00 $1,000.00 $2,000.00 $3,000.00
22 $4.00 $90.91 $909.09 $1,818.18 $2,727.27
24 $4.00 $83.33 $833.33 $1,666.67 $2,500.00
26 $4.00 $76.92 $769.23 $1,538.46 $2,307.69
28 $4.00 $71.43 $714.29 $1,428.57 $2,142.86
30 $4.00 $66.67 $666.67 $1,333.33 $2,000.00
Assuming that you had something that was at least 50% paid off, you would have to really drive a lot of miles and get really good gas mileage, to make the purchase of a new vehicle worth while.
For us, I have a paid for SUV that get's about 17-18. I also have a used truck (that I owe $10K on), that get's about 19.
If I buy something new that get's 24 or 26 (thinking realistic here), the payoff in gas savings just doesn't make any sense to me at all. Assuming you had something that got 16, and bought something that get's 30, you only save $1,750.00 for 15,000 (figure that is generally used for a years mileage). That's about $150.00 per month saved. How much is that new car note. . . .
Now, if it is 'time' to get a new vehicle (regardless of gas prices), that's a different story.
Tex (sticking with what I have).
Sorry, spacing didn't workout once posted on the 'chart numbers'. :blink:
