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Let's say you want to get a used car for $5,000 and hope to drive it for 5 years. Below are some 5 year gas cost estimates based on driving 15,000 miles per year and buying gas for $1.40 per gallon. If gasoline is more expensive than $1.40,
costs will be even higher.
A Sampling of Used Cars:
1994 Ford Explorer SUV (2WD) 5 year gas estimate = $5525
1994 Honda Accord Sedan 5 year gas estimate = $3885
1994 Honda Civic DX Sedan 5 year gas estimate = $2385
A Sampling of New Cars:
2004 Ford Explorer 2WD 5 year gas estimate = $6175
2004 Honda Accord 5 year gas estimate = $3750
2004 Honda Civic Hybrid 5 year gas estimate = $2235
2004 Toyota Prius Hybrid 5 year gas estimate = $1910
This is a small sampling of cars but you get
picture. Unless you really need an SUV or large truck, you can save a lot of money by buying a fuel efficient compact car. You will sacrifice size and sometimes luxury when choosing fuel economy first. Part of this is because bigger cars and trucks are heavier and will naturally get worse gas mileage. But it is also a function of consumers not worrying about gas mileage when they make a decision on purchasing a new or used car.
A great site for comparing cars fuel economy is www.fueleconomy.org. At www.fueleconomy.org you can compare numerous makes and models of both new and used cars and set
default gas costs to reflect
current prices. The numbers above are based on a $1.40 regular gas price which is really hard to find right now. In
case of
1994 Ford Explorer you likely pay as much in gas over a 5 year span as you payed for
vehicle in
first place.
Put fuel economy first and you will find yourself with more money in your pocket.
About
Author: Fisher Swanson is a regular contributer to The ThriftyFun.com News. ThriftyFun publishes information about thrifty living. Send an email to thriftyfunnews-on@thriftyfun.com to subscribe to The ThriftyFun.com News. http://www.thriftyfun.com
