ok, the "new-ness" of my MS3 expired quickly.

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?


+1 DATA FTW!!!!
 
People on here have been averaging above 25 mpg by not driving like a looney in their car. I'm averaging 22.5 and I'm rough on it.

Change it to 20 mpg, though, and the numbers don't change much (by 20%). $750 dollars a year for each $1 of gas assuming 15,000 miles of use.

Figure out if selling the car is the most economical approach to the problem.
 
Those of you who have the option to take public transportation to commute, do it. I stopped driving the 8-mile roundtrip to work and back and take the train/walk. I get exercise, my work compensates me $110/month for train fare (of which I only use $85), I fill up on gas once a month, I don't put the wear 'n tear and mileage on the car... win all around. (rockon)

Gas prices... what gas prices?
 
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?

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 to 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 a month and that just city driving.

There are too many REAL WORLD variables that will tear apart that example.

fyi, i've got an 08 with 13k miles and climing.

edit:

quickest way to render his post irrelevant. Has anyone on this forums bought a speed and not ever went WOT??? maybe im wrong and he's right
 
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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
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.

It depends on how much you drive, how you drive, how much you owe on the car, how much you can get for the car, how long gas prices are going to stay elevated as they are, if you can save money by using public transit or biking or walking (this is what I do) etc etc etc.

There are a lot of people who own $40,000 and $50,000 SUVs right now who are going to sell their vehicles at a serious loss to buy a smaller car to save maybe $1000 a year in gas.

Again, just as a demonstration, assuming 15,000 miles a year, at 25 mpg it's 600 gallons of fuel. At 35 mpg, it's ~430 gallons of fuel. At $4 a gallon, that's $2400 for gas versus $1720 a year. $680 dollars difference a year, versus probably %15 - 20 vehicle depreciation. Double it to 30,000 miles, it's $1360 dollars. Sounds like a lot! But still might be less than you lose on the sale of the vehicle.
 
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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?

Let's take that one step further. Let's say you were thinking of dumping the MS3 for, say, a Prius. Let's assume that the Prius gets about 50 MPG, or double the MS3. At 15k miles per year, you save $1200. Between the hit you'll take on the MS3 and the price inflation of high gas mileage cars, you are looking at many years to break even, like I said in post #3.
 
I have a buddy who is in a Jeep Liberty he wants to ditch because of gas prices and repair issues, and he is screwed. He's bought it at stealership prices used, wants similar return on the sale, has relatively high kilometers on the car, and insists he'll be able to sell it nooooo problem. I tell him he's asking too much, and the price he'll be able to move the vehicle at will represent such a big loss to him that it might not be worth getting rid of it. I really don't know what to tell him.
 
It's tough. I was lucky enough to get out of my Wrangler for near what I paid for it and sensible enough to buy a car well before gas hit the roof. I didn't even see it coming. Now, I am getting twice the gas mileage, plus my car payment is lower!! (mj) I see a topless wrangler and I don't even have remorse.
 
Abbr. Meaning
**** QFT Quantum Field Theory
*** QFT Quoted For Truth (website; slang)
*** QFT Quantitative Feedback Theory
*** QFT Quantum Fourier Transform
** QFT Qualified Funeral Trust
** QFT Quantitative Fluorescence Technique
* QFT Quest For Tech, Inc.
* QFT Quit Freaking Talking (polite form)
* QFT Quite Freaking True (polite form)
* QFT Quality Face Time
 
Abbr. Meaning
**** QFT Quantum Field Theory
*** QFT Quoted For Truth (website; slang)
*** QFT Quantitative Feedback Theory
*** QFT Quantum Fourier Transform
** QFT Qualified Funeral Trust
** QFT Quantitative Fluorescence Technique
* QFT Quest For Tech, Inc.
* QFT Quit Freaking Talking (polite form)
* QFT Quite Freaking True (polite form)
* QFT Quality Face Time

I looked it up too, and found that same list. I guess "Quoted For Truth" is the correct answer, although as an acronym it sucks.

You kids and your crazy interweb jargon.
 
I fall in love with my car everyday. The 24-26 mpg I am getting with the Speed3 is way better than the 18-20 mpg I was getting with my 03 Evo.
 
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.

My friend a notorious liar owns a Priass. Claims he gets 45mpg...@ $6.00 per gallon, he is spending $2,000 every 15,000 miles and I'm spending $3,600 so for the same miles, he's a $140 a month richer.

Would I trade for a 140 bucks a month? No, every time I'm in his car I feel like the guy who fell into a barrel of tits and came out sucking his thumb. I don't get the joy of watching the stupid blinking dash in the slow lane.

BTW his wife claims she gets 32 miles per gallon which comes to $65.00 difference per a month.

I bought the ms3 because it's an angel at the pump and wicked on the road.

Mike
 
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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.

Most of what you are reading is wrong. No chance we see $10 a gallon in the next decade. Even $6 per gallon is far fetched. We are nearing the top of gas prices. Look for the oil bubble to burst by the end of the summer, and oil to drop to about $90 per barrel, right where it should be now without all of the speculation.

$10 per gallon, good one. (lol2)
 
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