Hey all,
So Pars posted this article the other day:
Currently, I get about 35MPG (13km/L) in the city, and about 42 (15km/L) on the highway. These are miles per IMPERIAL gallon (4.54 litres per gallon). I drive about 35000kms (22000 miles) a year, at lets say an average of 13.
5km/L (38MPG). At $1.00 per litre of gas (today's price) I would pay $2600 per year in fuel in my 98 civic. So now, if I can get similar mileage to what they claim in the above article, and average about say 18km/L, that means I only spend $1900 per year, or a $700 savings. This assumes that gas prices aren't going to rise, which I'm sure they will.And what could I get for my 98 civic LX 5spd with air, cruise, power remote keyless locks, in pretty damn good shape and 229000kms on it? I figure about $7000-8000 canadian. I can get into a lease right now for 1.9%, $290 a month give or take. Or I could slap my big down payment and it would only be about $125 a month.
So I'd get a new car outta the deal, and it would only cost me about $70 a month more than I am paying now, less repairs, which are starting to add up on my civic.
I suppose insurance may be more on the newer model, but I'm in Manitoba, so not too much of a concern.
Food for thought anyways, anyone have any comments?
t