Quote:
Originally Posted by utgrad73
Thanks for the comments. Leasing one may not be the way to go if the annual mileage is exceeded. My point here was about trying to justify buying/leasing a more fuel efficient car. My twisted and somewhat fuzzy math was done quickly and I should have pulled out my calculator. Thanks for the check! You helped me make my point. The point that I was making is you can justify a new one and still pay for the gas. Those of us that are trying not to give Exxon anymore money might consider opting for a more fuel efficient car.
A trade-in of the 2002 gas guzzler would would be about half the new car value and the economics just got better. Even leasing makes sense if you keep the mileage down. I have a 2002 Mercury Mountaineer, it has the space that we need but not the fuel economy. We have 3 SUVs in the house and one can be sacrificed without too much of a problem. "Fuel" for thought.
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you forgot to factor insurance. assuming the "gas guzzler" is paid for your insurance is going to be substantially less than the lease vehicle that will have to be full coverage. i have a truck that gets a combined 20mpg that costs me 11 bucks a month in insurance. ill put that against any hybrid cost vrs. cost.
the problem with buying a new car today is that there really isn't anything out there in the US market that actually gets good enough fuel mileage to justify the switch. 40mpg really isn't very impressive. now if we were talking 70-90... well thats a whole different conversation entirely. though i am rather interested in this 2002 gas guzzler you have that a dealership is willing to give you 10 to 15k in trade in on...