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Originally Posted by Mt Tam I am $3000 is a lot to offset the gas savings of a new car. I did the math, at most he could conceivably save
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Enthusiast Member
Join Date: Nov 2013
Location: CT
Posts: 263
Drives: 2014 370z
Rep Power: 13 ![]() |
I did the math, at most he could conceivably save himself $70 a month on fuel costs by switching cars. This takes into consideration lower octane requirements and miles per gallon. It would take him 3 years to recoup the $3000 trade in hit.
That said on a low interest loan it'll up the payments by about $45 a month depending on the duration of the loan. If you need better fuel economy and more room look for a used vehicle you can save yourself quite a bit because depreciation has already been factored in and in some respects you can "recoup" your loss. Last edited by FuTuRe is Z; 01-22-2014 at 12:32 AM. |
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