View Single Post
Old 08-21-2022, 03:06 AM   #9 (permalink)
Ecky
Master EcoModder
 
Ecky's Avatar
 
Join Date: Dec 2011
Location: New Zealand
Posts: 5,077

ND Miata - '15 Mazda MX-5 Special Package
90 day: 39.72 mpg (US)

Oxygen Blue - '00 Honda Insight
90 day: 54.69 mpg (US)
Thanks: 2,904
Thanked 2,560 Times in 1,586 Posts
Quote:
Originally Posted by redpoint5 View Post
You'll be spending somewhere around $250 month in fuel if you commute 5 days per week.

If it were me, I'd finance a used Chevy Bolt EV to avoid paying for all that fuel and to avoid maintenance costs. The fuel savings would make up for the higher monthly payment, and you'd have a much nicer car.
This is probably the right answer. With those kind of miles, even if you need to take a loan it probably makes more sense. The monthly ownership cost may be quite a bit lower, with the double benefit of that money going mostly into the principal of the loan rather than into fuel.
  Reply With Quote