Forum Discussion
Hammerboy
Aug 16, 2019Explorer
blt2ski wrote:
Cost $2000 for six years.....hmmmm...
Let's assume you paid cash, interest you could have earned on $8K at 3% or about $240 per year, time 6 years = $1450 in lost earnings, or potentially interest paid. I'd say said $8000 option cost you $3500 or so. More if interest income is better, less if lower.
Another way to look at costs...
Plus and minus between the two, their is a sticky post at top, read the twelve some odd years of comments, you will see what is good or bad about the two, time frame also can change which is better vs worst as far as fuel costs mpg savings.
You an auto worth $8000 more, comp and collision insurance will be higher, not major $$, but higher.....
Lots of ways to look at costs. It Will take many miles to pay for that $8000 difference.
Turbo part of diesel at 5000+ feet elevation is really nice. An eco boost or equal Will net the same grin factor at elevation!
Choose your poison. Don't look back!
Marty
Marty, I though about that as I was typing my last post and you can't figure out every penny on what something is going to cost over the life of a vehicle. Yes I paid $8000 more for my diesel but it will give me a much bigger down payment on the next vehicle when I trade someday whether it a gasser or diesel. So I saved by not having to borrow as much I guess on the next one, right?
Everybody's needs or wants are different. I could make the same cost analysis on buying a High Country or a Denali and investing the cost difference between them and my lowly LT trim. I just rather have the diesel than a higher trim package. My towing comfort is more important to me than air conditioned leather seats and 15 camera views.:)
Dan
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