Math on having a second vehicle
I'm thinking about getting a little run around car instead of driving my Duramax as a DD. I drive about 200-250 miles a week and am looking as spending around $5000-$6000 on a little car. I would l...
Forum Discussion
lanerd wrote:
Well, let's see. 250 x 52 = 13,000 miles @ say 15mpg =666 gals of fuel at say $3.75/gal = $3250.
A small car would get about 30mpg so 13000 miles would be =430 gals at $3.75/gal would cost about $1625.
So subtracting the two $3250 - $1625 = $1625 that you would save each year in fuel savings.
At these figures it would take you about 3.7 years to pay for itself in fuel savings.
Plug in your own actual figures for mpg, $/gal to get a better/worse cost savings.
Hope this was what you were looking for.
Ron
..and that's not counting the initial cost of the 2nd. car, nor the insurance one needs..at the very least, liability....
I did the second car thing and didn't come out ahead....ended up getting rid of the car and using my TV as my daily driver...Insurance, fuel, tires, upkeep, unless one is going to buy a brand new car as a 2nd. car...anyway...It was just as cheap for me to use truck in my sig in the long run...
