Green79Scottsdale
Full Access Member
- Joined
- Aug 8, 2010
- Posts
- 2,834
- Reaction score
- 7,487
- Location
- G.R. - MI
- First Name
- Bob
- Truck Year
- 1979
- Truck Model
- K20
- Engine Size
- 400
Basically, it's like this. On average, I drive 150 miles a week. Currently, gas is 2.15 per gallon; so, $34.4 to fill 16 gallons. This translates to needing to spend almost $27 per week to meet the 150 miles I drive. So on average, I'm spending about $1400 per year on gas or about $116 per month. Now, if I were to get a car which gets 30 miles per gallon, the costs drop a ton. That $1400 per year drops to $559 or $46 per month. After looking at the savings, the thought of a car payment doesn't feel so bad. However, I have yet to see a compact car which I like. The Mini Cooper Clubs look neat, The Fiesta is a no go (I had one for a while) and I wouldn't even touch a Chevy Sonic or a Fiat.
Personally, I'd like to stick with an older vehicle. I've always wanted a classic VW Bug. But, I doubt I'd fit too well.
If you have to make a car payment the whole plan goes out the window. You can't find a car for $70 a month. And even if you could, you would just be breaking even in the monthly budget. If you can sell your truck and buy something with cash, then your plan makes sense. But to sell your truck (which I am assuming has no payments?) and buy a car and take on payments, doesn't make sense in the grand scheme of things, IMO.