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I'm with you there and already comparing the 09 corolla. my 5 day miles are all highway and it's 70 each day = 350 per every 5 days. I don't drive city much....
My jeep is averaging 14 mpg, I compute mathematically. Which means I would spend about $4777.5 a year on gas (check: (350 mi X 52 weeks) / 14mpg x $4.2 )
A new car i'm looking for should have a car payment of ~ $300 /month. At 35 mpg (i.e. corolla) would cost fuel : $2184 + payment $3600 = $5784 a year
This tells me that it doesn't make sense to get a corolla, as long as gas stays at $4.20
Now looking at the Yaris w/ a car payment of $250 /mo - I would have an annual payment of $5184
So when does this actually make sense for me.....?
When a new / used combination has a lower annual income,
or when gas becomes $4.50
I don't know about you - but I'm thinking gas prices are going to $5.00 / gallon, and that with nice driving I can get more mph out of those more aerodynamic cars.
i'd love to hear any additional thoughts, or if i missed anything....?
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