quote:
Originally posted by FowVay:
You actually need to figure your cost per mile, not the cost per gallon when looking at things like fuel price and fuel economy.
Example:
15 gallon of diesel @ 3.259= $48.89
15 gallon of gas @ 2.509= $37.64
diesel @ 50 MPG = 750 miles on 15 gallons
gas @ 30 MPG = 450 miles on 15 gallons
Which vehicle costs the least per mile with regard to fuel? The diesel of course.
This is a huge parity between diesel and gasoline prices but this is the exact situation I am in at my household. It's still less expensive for me to drive my TDI than it is for my wife to drive her gasser BMW with it's impressive 30 MPG.
Plus, the TDI Golf is a complete blast to drive.
Let's not stop there, which is cheaper to drive, a new VW TDI diesel, or my 1994 Geo Prizm I paid $2500 for two years ago.
Gotta figure total costs into the equation.
I've driven the Geo for over 30 months now, so I have lots of data.
Total cost/mile for buying, operating, repairing, maintaining, licensing and insuring this car is:
$0.138/mile
I've driven 65254 miles since 4/10/2003 and spent $9005.07
I'm not sure that the payments on a Jetta or Golf over 30 months are much less than that, let alone fuel, taxes, insurance, license, etc.
A $20K car over 60 months at 0% interest is 333.33/month, if you are paying any interest, your costs go up. If you made a big down payment, add that into your monthly costs.
You get the drill. Wanna save money on driving, start with the most expensive part, the vehicle.
T