[V8] Gas hog V8s
DieMarthaDie at aol.com
Wed Aug 31 21:33:42 EDT 2005
you left off a couple of things Mike:
Insurance on the V8 may be higher than some cars (but with airbags and ABS
you get a discount) but I bet insurance (full coverage required with a car
loan) on an Aveo is a lot higher! I wonder how an Aveo fares in real snow, or
rain, or... an accident.
oh, and even if the payments, insurance and other actuarial tables went in
it's favor... at the end of the day you'd be driving an Aveo.
PS - My adventure is in the driveway with a seized caliper and I'd still
take it over an Aveo.
With fuel approaching $3.00 per gallon, just out of curiosity, I ran
some interesting numbers.
Starting premises -
1)V8Q gets about 16mpg.
2) CNN/Money had a list of cars you can buy with payments of under
$200/mo (sometimes just under), real exciting stuff like Cavalier,
Neon, Aveo, etc, mostly stripped, and you couldn't get A/C in one of
them if you wanted to stay under $200/mo, and I'm guessing the fuel
economy of these cars is going to be 35 mpg? Which may be generous . . .
Fuel costs for V8Q - 16 mpg with $3.00 gas is a bit under 20 cents a
mile, fuel costs for 35 mpg is abut 8.5 cents a mile.
V8Q, 1,000 miles, $200 in fuel, 2,000 miles, $400 in fuel, 3,000
miles, $600 in fuel, 4,000 miles, $800 in fuel.
Aveo (etc.), 1,000 miles, $85 in fuel, 2,000 miles, $170 in fuel,
3,000 miles, $255 in fuel, 4,000 miles, $340 in fuel.
Now we add the payment of $200 a month vs the Audi, which is free and clear.
Audi cost - 1,000 miles = $200, 2,000 miles = $400, 3,000 miles =
$600, 4,000 miles = $800.
Aveo cost - 1,000 miles = $285, 2,000 miles = $370, 3,000 miles =
$455, 4,000 miles = $540.
The break-even point in mileage is therefore about 1,800 miles a
month, which is about 21,600 miles a year, at which point the
strictly fuel plus payment costs are about even.
But there is *much* more than that - there is capital cost and
opportunity cost on the Aveo, there is depreciation (which Audi
owners are VERY familiar with - but OUR cars are already just about
fully depreciated), and then there are the intangibles - safety,
ride, performance, comfort, support from THIS group, and so forth.
Basically, I'll want to see a lot more than numbers like the above
before I get rid of my V8Q. Personally, I drive about 1,000 miles a
month, so why the heck should I pay more money to drive a
significantly lesser car? Besides, I HATE car payments, and I don't
ever want to have one again, as long as I live. That alone is worth
something, and if part of the price of that is crawling under the car
and getting dirty, hot and sweaty once in a while, well, I can take a
shower for a lot less than $200.
Now, if we want to buy a NICE car, I've seen leases offered on entry
level WMBs (ugh) for $400 a month (after cap cost fees, tag, tax,
title, blah, blah blah) and after 36 months you have to give it back
- this is essentially just a long-term rental, and you still have to
buy fuel. No thanks, I'm keeping my V8.
90 V8, not just a car, an ADVENTURE!
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