Gas prices rising

[Hershey]

" I've got a 2008 and she has a 2009. Both are paid off in little over one year in the money we are saving on gas . "

. Wish more people would think that way . The money saved in gas could help boost the economy . You'd think people would've learned from the last spike and was very likely to occur again , but no .

[hyprmiler]

Originally Posted by Hershey

" I've got a 2008 and she has a 2009. Both are paid off in little over one year in the money we are saving on gas . "

. Wish more people would think that way . The money saved in gas could help boost the economy . You'd think people would've learned from the last spike and was very likely to occur again , but no .

Thanks! ^_^

Just as a friendly reminder. Buying a car to save on gas is NOT saving on gas UNLESS you purchase a straight line trade on the debt you owe on a car. Dave Ramsey says it best (copied right from his website) - http://www.daveramsey.com/article/da...mobiles/text1/


Let's say you currently drive a vehicle worth $10,000 that gets 15 miles/gallon. There's this $25,000 car you're thinking about buying that gets 25 miles/gallon. That's a $15,000 price difference just to get 10 more miles a gallon. If you drive 100 miles a week, that's about a $10 difference a week.

So that would be about $40 extra you're spending a month in gas if you stuck with the current car. A monthly car payment is much more than that! To get your money back at current gas prices, it would take you almost 29 years to save $15,000 in gasoline!

The math doesn't work! You'd have to drive to the moon and back to make it worth it!

Now granted... my wife went from a 22mpg car to a 40+ mpg car but the concept is still the same. We SAVED money going to the yaris and kept the same monthly payment. We just ended up taking the money that we DIDN'T spend on gas and put it towards the car