Well it all depends on how far you drive and how much gas costs compared to
how much you make etc?
I have an 80 mile round trip to work 5+ days a week and am currently
getting 24mpg on avg with the auto. trading up to a new car with higher
highway MPG is feasible esp. if gas continues to rise. the higher gas prices
go the more sense it makes, even with the additional car payment.
The numbers tell the story.
80 miles is 400 miles per week. At 24 mpg you burn about 17 gallons, or $56
a week at $3.30 a gallon. If you step up to a car that gets 35 mpg, you
only need 11.4 gallons or $37 a week, thus saving $19 per week or $950 per
Factor in tax increase, insurance increase and the rest goes to the payment.
Of course you can drive even more and afford that new car even faster!
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