Join Date: Jul 2010
Location: Davis County Utah
A low MPG is cheaper than another car payment @36MPG + 2 insurance bills.
Let's say that you get 15 MPG and are paying $3.00 per gallon.
$200/$3 per gal = 66.6 Gallons per month * 15 Miles per gallon = 1000 miles per month.
If you buy a car that gets 36 MPG:
1000 miles/36MPG = 27.77 gallons per month * $3.00 per gallon = $83.33 per month
Total "savings" = $116.66
So for this to be an economical decision, you need to find a car with a loan and insurance payment less than or equal to $116.66 per month. Otherwise, it would be better to just keep driving the jeep.
You can substitute your real numbers above to get the real value, I am sure your numbers vary from this a bit. If you just want another car to get around town, that is one thing. But a car payment almost always outweighs the cost of gas.
*Project Yeti* 99 JGC Limited 4.7 w/6.5" Rockkrawler LA & IRO A-arm, Goodyear MTR 35's on MB TKO's, 4.56 Yukon's, Iceland Offroad Bumper/Flares/Sliders, Protofab Rear Carrier, SuperChips, Uniden/Firestick, Flowmaster, Smittybilt 8k Synthetic Line Winch.
My Jeep is Organic - Undercoated in 100% all natural Utah Dirt --- Utah Jeep Crew #49 ~Will
2012 JeepForum GCOTY ---
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