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My car is only 8 months old and I already have +19,000 miles on it... 

To everyone who MIGHT be considering trading in or selling their MS3 because of inflating gas prices:
If you drive 15,000 miles a year, and average 25 mpg, you will use 600 gallons of gasoline.
If gas is $3 a gallon, you spend: $1800 a year.
If gas is $4 a gallon, you spend: $2400 a year.
If gas is $5 a gallon, you spend: $3000 a year.
For every $1 a gallon, you spend an extra $600 a year.
How much will you lose in resale of your vehicle in depreciation? How much might you lose if you're upside down on your car loan? Is it actually the "smart" financial choice to ditch the car?
Figure out if selling the car is the most economical approach to the problem.
To everyone who MIGHT be considering trading in or selling their MS3 because of inflating gas prices:
If you drive 15,000 miles a year, and average 25 mpg, you will use 600 gallons of gasoline.
If gas is $3 a gallon, you spend: $1800 a year.
If gas is $4 a gallon, you spend: $2400 a year.
If gas is $5 a gallon, you spend: $3000 a year.
For every $1 a gallon, you spend an extra $600 a year.
How much will you lose in resale of your vehicle in depreciation? How much might you lose if you're upside down on your car loan? Is it actually the "smart" financial choice to ditch the car?
It's not statistics, it's math. There is a linear relationship between how much gas you use and how much you spend. Figure out how much gas you use, on average, figure out how much you spend, on average, and then evaluate if it's worth the couple thousand in depreciation to fight the rise of gas prices by selling your car and getting another one. Note that I'm not saying it's not the right course for you to take, only that selling your car because of rising gas prices isn't necessarily going to be the best financial decision.That sir is 'statistical' data and it will remain just that, statistics.
my car is my daily driver, what if i go on road trip here or there and that 'statistic' is on a set amount of mileage..BUT screw mileage what if you go the track a couple times a month, or destroy that statistical 25mpg by doing some spirited driving once or twice a week?...huh? i can destroy a half of tank of gas in bumper to bumper traffic here in miami....if i lived in bumsville south dakota where traffic is non existent maybe your statistic might hold true but in the real world it wont. I live in south fla, if there is an accident on the turnpike or i-95 i will kill 1/2 a tank or less in 2-3hr bumper to bumper traffic, lets not even talk about when it rains down here. On a good week a 53 dollar fill up will last me until the weekend and from there if i decide to go hang out with the boys or something of the sort, thats another half a tank to full. i've gone from 30-33$ fillups to $52+. i average 80-100$ a week on gas month and that just city driving.
fyi, i've got an 08 with 13k miles and climing
To everyone who MIGHT be considering trading in or selling their MS3 because of inflating gas prices:
If you drive 15,000 miles a year, and average 25 mpg, you will use 600 gallons of gasoline.
If gas is $3 a gallon, you spend: $1800 a year.
If gas is $4 a gallon, you spend: $2400 a year.
If gas is $5 a gallon, you spend: $3000 a year.
For every $1 a gallon, you spend an extra $600 a year.
How much will you lose in resale of your vehicle in depreciation? How much might you lose if you're upside down on your car loan? Is it actually the "smart" financial choice to ditch the car?
no point in owning an MS3 if you're just going to putter around. Might as well get a regular 3. If you can afford the car, you should be able to afford the gas. Trading it in now would not be a good move.
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If you think gas prices are too high you might heed Kain's advice and change your life. Most of what I've been reading says we're going to $6.00 dollars on a bullet and if the govt step's in expect $10.00 a gallon sooner rather than later.