Car of the Day

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Should You Trade in Your Gas Guzzler?

June 8th, 2008 · 4 Comments

Here is a great calculator to help you answer the question of “Should you trade in your gas guzzler?”

This calculator has been out for a little over a year but is worth revisiting as gas is creeping over $4.

The team at Political Calculations have put together a simple formula that will show you whether or not that shiny new hybrid will actually save you any money. 

People spend a lot of time thinking about how much money they spend on gas, with all the news about rising gas prices and every time that a person fills up they feel the pain at the pump.  They think a new economical car will save them money.  Well, it might save them money in gas, but not overall when you figure the total cost of the new car. 

This calculator helps the people make a better informed decision.

Tags: Cars · Gas prices

4 responses so far ↓

  • 1 Josh Maxwell // Jun 8, 2008 at 9:33 am

    Well said

  • 2 Dainon Haggard // Jun 9, 2008 at 8:26 pm

    You could also just learn to take advantage of the great volatility the crude oil markets are creating by trading!

  • 3 S10 // Jun 15, 2008 at 10:05 am

    Did the calculation and guess what…even with a $220 monthly pay increase, my new hybrid comes out cheaper on a yearly basis than my previous gas guzzler.

  • 4 garythepowers // Jun 16, 2008 at 7:25 am

    That’s awesome! You made the right decision. And you got a shiny new car!