Quote:
Originally Posted by TheMercenary
How do you save money if you sell a car you own, an older car, and buy a new car? Pick a number... either way you are now paying a car payment, what if it was only $200 per month {pretty damm low}, that is $2200 a year more in expense. If you can afford a really new car you would be paying more like $400 or $600 a year which would be $4800 or 7200 a year.
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Sorry TM, I wasn't clear. This was for the case where you're ready to replace your car anyway.
Before I bought my Honda Insight, in 2003, I did the whole economic analysis and determined that the economics wouldn't be favorable unless gas went to $5/gallon. I bought the car anyway. Of course, after the car is paid off in a few months, I'll be saving quite a bit, compared to the Ford Ranger that used to be my primary vehicle.