Do the Math Before Trading in Your SUV or Truck
With the price of gasoline approaching $4.00 per gallon, more and more people are trading in their “gas guzzling” SUV or truck for a more fuel efficient vehicle. Most people simply think about much it costs to fill up their tank without considering the actual costs.
The way I figure it, I own my Land Cruiser free and clear. If I was to go out and finance a new vehicle, the payments alone would probably exceed $500 (and probably be much more). That’s a lot of gas I could buy each month.
I found a post on pricewheels.com that lays out the true costs of replacing your old vehicle. You can read it at Dumping Gas Guzzler For Fuel Sipper May Cost More Than You Think
Tags: economy, fuel, gas, gasoline, land cruiser, landcruiser, mileage, mpg, suv, truck