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
This is spot on advice!! I did a spreadsheet as I just moved and now commute 120 miles round trip, granted I work a rotating schedule of 3 and 4 days. But still I average 21,800 miles per year. I never thought about it, but when I punched that in and found out I was spending close to $7,000 in fuel per year just to commute and go no where else, that made up my mind. I'm looking at cars getting 38 mpg or better right now in under 12K price range, That will pay for it self in right at 2 years just in fuel savings.
