Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
|
Replying to: nippononly (Jun 02, 2008 8:29 am) Would be good, but just as likely they'll catch up, using more 
|
|
|
Replying to: circlew (Jul 08, 2008 5:47 am) |
|
|
Using the Gas Miliage Payback Calculator on the site was enlightening. Gas Saving Calculator- V6 Stick 2005 Silverado vs V6 Auto 2008 Silverado. Amount Saved on Gas per month: ($-136.16) Number of months to break even and begin saving money on gas: 0 You will not save any money by trading in your vehicle. Great info.
|
|
|
|
|
Replying to: 2doorpost (Jul 09, 2008 6:57 am)
|
|
|
Replying to: circlew (Jul 08, 2008 11:11 am) US had cut oil imports by 1 million barrels a day due to reduced use of gas over last 12 months. China has swept up all that unused oil. World oil production is 85 million barrels a day. World oil demand is 86.4 million barrels a day. Our cutbacks won't dent the world market or change price. China consumed 9 million new vehicles last year. Up from half that amount in just a few years. China will drive demand for world from 86.4 to 95 million barrels a day in a few more years. How could there possibly be an answer to this?
|
|
|
According to Edmund's calculator, we should all be driving our grandparents' '71 Oldsmobiles. Think of all the money we'd save! In case the sarcasm isn't thick enough, here's the flaw in the raw dollars calculation; it doesn't assign a value to modern conveniences and new car reliablility, or a price to used car repairs and being stranded somewhere because the old "money saver" breaks down. It simply says car A is paid for, while car B costs money, therefore, car B is a foolish purchase. In 1984, I bought my aunt's 1977 Buick Century for $1,500. Seemed like a bargain at the time. But it was always breaking down, stranding me somewhere, forcing me to cancel plans, and costing $100-$200 to fix. Technically, I "saved" money versus buying a new Honda or Toyota for $4,000. But I would have been better off making the payments on a new car and being able to use the thing when I wanted to -- like when I wanted to take my girlfriend on a beach vacation during spring break. Couldn't afford the airfare, but I could have paid the gas if we drove. Except I wouldn't dare take that GM battleax on a road trip. So we spent S.B. hanging around the hometown, and I just took her to dinner and a few movies. Again, I saved money, but what did I (we) lose by NOT enjoying a vacation and the memories that would have lasted a lifetime? New car reliability and efficient, low-cost operation are worth money. They add up to "freedom to travel," which is why we buy cars in the first place.
|
|
|
Replying to: 1stpik (Jul 09, 2008 8:46 am) The higher gas prices go, the LESS an suv is worth and the MORE a small car is worth. Just look at what has happened to truck and suv values the past few years. And look at what a Prius or Civic Hybrid is worth today -- almost as much as the buyer paid new! So, in Edmunds' example of trading in an suv for a Prius, they should also calculate the hyper-depreciation of the suv, contrasted by the near-zero depreciation of the hybrid. Another example of how raw numbers written on a piece of paper and real-world value are often two different things.
|
|
|
Replying to: 1stpik (Jul 09, 2008 9:04 am) The calculator is saying that you will get nothing for your V8 trade and the 4 cyl model you want goes for full sticker and will save you some fraction of that $7 a day of gas. It also mentions that the $900 a year of gas savings gets put towards sales tax, excise tax, drive off the lot day depreciation, and interest on the loan for the difference in value. In other words, you will never see the $900 a year in savings so an OK option is to keep your 3 yr old 4X4 or 8 pass SUV and pay the $900 a year in gas. |
|
|
Replying to: dave8697 (Jul 09, 2008 9:58 pm) Remember the days of $4 gas... those were the good old days.  JRW
|
|
|
Replying to: dave8697 (Jul 09, 2008 7:37 am) I think China market is set to go over 15 million new vehicules a year by 2014. India, Russia, south America are following up. >How could there possibly be an answer to this? There aren't any easy answers but it it possible to do something. An inevitable mix of mass transit and oil free technologies. If we don't do this quickly, just driving a car will become a very dear luxury.
|
|
You are here:
Forums
Automotive News & Views Are gas prices fueling your pain?
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
