| rocketman |
Hi,
With gas prices skyrocketing and not coming down, I wanted to ask a question and ask for your thoughts/opinions.
Question: Should I buy a new 2nd car that is fuel efficient, such as a Honda Civic or Toyota Corolla (not interested in a hybrid because of the cost premium), or just keep driving the MDX?
FACTS:
1) Family of four
2) One driver in family
3) Currently only 1 vehicle (07 MDX) and is used only on weekends
4) MDX is paid off
5) Will keep the MDX
6) Take public transit to work Monday thru Friday
7) Estimated annual mileage is 12,000
Thanks in advance for your thoughts and opinons. |
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| G. COLTON |
For anyone to answer this question you need to provide your complete financial base. How much do you earn. What are your deductions from each check. What other financial obligations do you have? Housing, food, clothing, etc. How much does this come to each month.
G |
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| midnightMDX |
| Being you are the only driver and X is only used on weekends, I say just keep driving it. Add up the cost of another car, insurance, fuel, maintenence,etc. Having 2 cars and one driver is a bit much. |
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| LionSpeed |
| Gas is more less VERY close to $5/gal where we reside. $9/gal is a target predicted to hit in the next 3 yrs. At this time, I will definitely look into an alternative (Civic or equivalent). As of now, just go easy on the V-tec. ;) |
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| phins2rt |
| Don't do it! Run the numbers (including tax and insurance) and you will see it really isn't feasible. Buy a USED car if you do anything. Since you have the MDX paid for, just drive it. |
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| hammermdx |
| Completely agree with all the posts prior to mine! |
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| gmc74 |
There is a really simple equation here.
Here is what you need to know
Total cost of new car, on a monthly basis
Monthly payment + monthly ins + (annual taxes, registration and maintenance / 12)
subtract from that the amount you will save per month in gas (based on 1000 miles a month, at best you are saving $200-300 in gas). If the number is positive, then it is a bad idea, if it is negative, then it is a good idea.
I can tell you, based on 12,000 miles a year, that number is positive and you will be laying out more money then you are saving.
Sure, you will have second car, so there will be some equity there, but you are better off investing that money, it will have a better rate of return. |
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| 94560mdx |
| Jave you thought of an older volvo the 240 series. 4 cylinder. with out turbo. I had one that had 350k it was 1982 and it had no problems unitl I crash it. Are your trips in town if so buy one on those tin can toyota nissan or honda.I suggest looking for a 4 cylinder or 5 cylinder like volvos. think of what you want to pay? |
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| bronxblaza117 |
much of the price of oil is driven by speculation... read this article from The Wall Street Journal
WSJ |
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| Fabvsix |
| If you must indulge buy nothing LESS than a Civic SI NAVI/Leather Blk/Blk.........Then remove all the SI Dohc stickers so the ricers don't notice it.....:p |
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| midnightMDX |
quote:
Originally posted by Fabvsix
If you must indulge buy nothing LESS than a Civic SI NAVI/Leather Blk/Blk.........Then remove all the SI Dohc stickers so the ricers don't notice it.....:p
Ooh, Fab showing a little style. ;) SI is nice. |
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| carguy1234 |
quote:
Originally posted by midnightMDX
Ooh, Fab showing a little style. ;) SI is nice.
SI is high on my list for my 3rd slot in the garage...but a little too boy racer I think.
335xi maybe. |
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| LionSpeed |
quote:
Originally posted by carguy1234
SI is high on my list for my 3rd slot in the garage...but a little too boy racer I think.
335xi maybe.
Clearly you are a honda fan. :o |
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