Quote:
Originally Posted by aklim
But you have to admit, it works, at least for the car salesman. As it said, But if your prime motivator is the sticker shock at the gas pump, act with caution. While a new vehicle may help you save at the pump, it can significantly increase your overall costs. Do you think the salesman will tel you the part where it can significantly increase your overall cost? I'll bet he won't even tell you about the insurance difference.
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The sheep run to get sheared.
The price of the gas at the pump is only one thing.
The correct caluculator should be the OVERALL COST PER MILE.
This includes insurance, cost of repairs, tax, license fees, purchase price of the new car, depreciation and many other things.
A sober flinty eyed car buyer could make a very cogent case for buying a 15 year old Ford Crown Victoria and running it for cheaper than a brand new Chevy Aveo, for example using the above approach
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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...
1995 E 420, 170k "The Red Plum" (sold)
2015 BMW 535i xdrive awd
Stage 1 DINAN, 6k, <----364 hp
1967 Mercury Cougar, 49k
2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive
(sold)