Posted by Steven f/AZ on March 26, 2008 at 11:49:20 from (216.67.213.217):
In Reply to: buying cars posted by Dan-IA on March 26, 2008 at 08:30:38:
Oh yeah, forgot to mention I agree with that "herd mentality" statement...
The del Sol averaged 42 mpg and the Accord will average 27 mpg. By driving the del Sol as much as we possibly could the last year I had it we saved around $300 in fuel - while the yearly insurance cost for the del Sol was $350. No savings at all, that's why I sold it - was only a two seater and now there are three of us...
Even with gas at $4, it wouldn't save that much:
27 mpg for 20,000 miles = 740 gallons x$4 = $2960
40 mpg for 20,000 miles = 500 gallons x$4 = $2000
Yes, you save nearly $1000 - but the cost of insuring and maintaining a second (or third) vehicle might just out weigh the savings...
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