Mrs. GED is changing jobs and she's gonna have a 35-40 mile commute (one way) everyday, and she wants a little compact something er other with a 4 cylinder engine to save on gas. Not wanting to spend more $5K but not wanting a piece of junk either.
If a vehicle got 15mpg, and a gallon of gas was $2.75, you could drive 27,800 miles roughly on that $5,000. 80 miles for 5 days a week for 52 weeks would be 20,800 miles.How long will it take to spend $5,000 on gas with what she currently has?
Take that into consideration and figure out if it’s even worth getting another vehicle because then you’re out $5k plus filling up the new car with gas too.
If a vehicle got 15mpg, and a gallon of gas was $2.75, you could drive 27,800 miles roughly on that $5,000. 80 miles for 5 days a week for 52 weeks would be 20,800 miles.
I presume in your calculation you are considering mpg she is currently getting and the mpg she "plans" to get. The difference that will count is the added mpg's. If what she drives now gets 15 and the new gas saver gets 25 then you can only claim 10 mpg. Also figure the insurance difference any interest payments or any additional cost. But also, consider maintenance cost - if she currently drives a truck and tires are 1500$ and new car the tires are 750$ - well there are a ton of ways to look at it. Figures lie and liar's figure.
Yep we've had 3 on our 3rd now Hyundai "accent" gets 52mph on flat highway excellent little car, gave $10,000 for it with 12k miles.Kia/Hyundai. Most have a timing chain not a belt. Keep the oil changed and drive the wheels off of it.
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