nitro-pilot
Posts: 383
Joined: 5/5/2004 From: Palm Bay,
FL, USA Status: offline
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I hope with gas rising to $4 a gallon, and $5 for diesel, running to dump your V8 van or pickup for a so called cross over vehicle (Ford Edge for example) isn't worth the payments and increase in auto insurance. Average driver drives 15,000 miles a year, average truck gets 15mpg, the Ford Edge gets maybe going downhill, 20 mpg city but EPA says only 17mpg, so 5 honest mpg improvement is just $83.33 a month, far less savings than your new financed car! The dealer will steal your V8 trade in too, and if that is still financed, you're carrying over thousands into the new loan. A friend of mine just did the wrong thing and ignored the EPA ratings and listened to the exaggerations of the car salesman, commission based income = lies to make a sale. So sad. His truck was paid for too, now he's into a 72 month loan at $300 a month to save $104 in gas a month, in his situation. DON'T DO IT!
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