Shopping for Fuel Efficiency? Kelley Blue Book Suggests Waiting

[nemelek]

The cost of transportation is not cheap. Especially when buying and selling. The maintenance of an ageing vehicle vs "trouble free" miles of a new car also factor in. It's a lot better to respond than to react.

[hyprmiler]

Originally Posted by nemelek

The cost of transportation is not cheap. Especially when buying and selling. The maintenance of an ageing vehicle vs "trouble free" miles of a new car also factor in. It's a lot better to respond than to react.

A new car will have lost 75% of its value after the first 5 years. Go certified used and let someone else take the hit in depreciation. Another thing to think about is that if gas goes up 1 buck a gallon (say 3.00 to 4.00) that's another 10 bucks to fill up your tank.

If you fill up twice a month that's another $240.00 in expenses. 240.00 is a lot cheaper than say a new car payment (assuming your current car is paid for)

[nemelek]

Originally Posted by hyprmiler

A new car will have lost 75% of its value after the first 5 years. Go certified used and let someone else take the hit in depreciation. Another thing to think about is that if gas goes up 1 buck a gallon (say 3.00 to 4.00) that's another 10 bucks to fill up your tank.

If you fill up twice a month that's another $240.00 in expenses. 240.00 is a lot cheaper than say a new car payment (assuming your current car is paid for)

Not sure where the "75%" came from. But using that logic my 2008 Yaris that I paid $12,632 for will be worth only $3,158 in 2 years. With an estimated 60,000 miles on the car it would be a great buy for someone. "Go certified" means that you are buying a used car from a dealer which means that you are paying too much.

If you drive 12,000 miles/year in a 15 mpg SUV a $1 increase costs $800/year. At $4/gallon the SUV will spend $3,200 for a year. My Yaris driven the same amount of miles only costs $1,200. A savings of $2,000.