Quote:
Originally Posted by euromodder
You could move here and enjoy $9 gas and $3 drafted Stella's  |
Stella is just barely better than Budweiser, so I'm not willing to pay more than about $0.60 from a grocery store or more than $2.00 at the pub.
I'm sure I will be enjoying $9 fuel sooner or later. I'll likely be adopting electric vehicles before the majority of consumers in the U.S.; once they become economically advantageous to own.
Quote:
Originally Posted by RobertISaar
my cars aren't worth a damn, so that path is pretty much non-existant.
using the insight example from the article:
$5000
EPA rating of 59 highway(using newer MPG ratings)
i MIGHT be able to sell the MC for $1000.
so $4000.
8000 miles/year at 59MPG = 135.6 gallons X 3.70/gallon = $501.72 gas/year.
7.97 years to make up the difference.... still not the "Switching from an SUV to a car, will save you enough to buy a new luxury car every ten years, or an excellent used car every four years." but i'm also not doing SUV economy....
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Your math is wrong.
MC fuel cost = 8000mi / 30mpg = 267gal * $3.70/gal =
$987
Insight fuel cost = 8000mi / 59mpg = 136gal * $3.70/gal =
$502
Yearly fuel savings with Insight = $987 - $502 =
$485
Break-even time is $4000 / $485 =
8.25 years.
But, you are using your own fuel economy for the MC, and the EPA for the Insight. Obviously you will get better than EPA in the Insight, so your break-even time will be even shorter than the 8.25 years.
Quote:
18MPG with a SUV seems reasonable, it's actually slightly less than what my dad achieves with his 99 yukon.
18MPG/8000 miles = 444.44 gallons X 3.70 = $1,644.44 a year.
the SUV will almost certainly be worth more than the $1000 my car is(for reasons i don't quite understand), but let's say $3000. so there is a $2000 gap to make up. takes 1.2 years to recoup the cost and make money off of this, assuming your tasks don't require anything more than an insight.
after 10 years, you'll have saved $11,427.20, which while it is an impressive amount, it is NOT a new luxury car every 10 years. and if you're buying lux cars, how many of them get anywhere near the fuel economy you would have to achieve to make this up?
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Yukon fuel cost = 8000mi / 18mpg = 444gal * $3.70/gal =
$1,644
Insight fuel cost = 8000mi / 59mpg = 136gal * $3.70/gal =
$502
Yearly fuel savings with Insight = $1,644 - $502 =
$1,142
Break-even time is $2000/ $1,142 =
1.75 years.
This all assumes fuel will average $3.70 over the years, which is very unlikely.