Drive your ratwagon im keeping my truck
#11
04-30-2008, 09:29 AM
RE: Drive your ratwagon im keeping my truck
But if your Ratwagon is paid for. Then the numbers run different. I do 30 miles a day & gas is 3.63 here on Long Island NY. Using 365 days in a year. Cause I drive on the weekend too.
Even if you have payments they will end & you still have the Ratwagon.
Truck 1999 Ram 1500
@3.63$ a gallon
3.63*(30/10)=10.89
INSURANCE 1098.00 Half my full coverage
1098 / 365= 3.01
Truck cost per day 13.90
Alternate vehicle 2000 Hyundai Accent
MPG = 30
3.63 *(30/30) = 3.63
Monthly insurance 91.05
yearly cost
91.05*12= 1098.00
daily cost
1098/365 = 3.01
Daily cost $6.64
13.90 - 6.64 = 7.26 Difference per day
7.26 X 365 = $2649.90
7.26 = Lunchor 6 pack beer & change MMMM FREE BEER
Monthly savings 7.26 X 30 = 217.80Almost FreeRatwagon.
If you look longer term then Ratwagon does save big.
Jeff
#13
04-30-2008, 09:33 AM
#16
04-30-2008, 09:51 AM
RE: Drive your ratwagon im keeping my truck
ORIGINAL: jason.w
The treehuggers would never let us mine any more coal then we are now.
The treehuggers would never let us mine any more coal then we are now.
The greenies say we can't drill for more oil in Alaska because of the caribou. F--k the caribou, too. I'll make hamburgers out of 'em. MMMMMMM, tasty!
#17
04-30-2008, 09:54 AM
RE: Drive your ratwagon im keeping my truck
Six men today can mine more coal in a month that 100 men could mine in a year, back in the day.
That being said, why the hell is everyone always talking car payments? Doesn't anyone believe in paying cash?
I paid $200 for this bad boy, and another $1500 I'll have my daily driver at 28mpg.
http://www.thesamba.com/vw/forum/viewtopic.php?t=285611
That being said, why the hell is everyone always talking car payments? Doesn't anyone believe in paying cash?
I paid $200 for this bad boy, and another $1500 I'll have my daily driver at 28mpg.
http://www.thesamba.com/vw/forum/viewtopic.php?t=285611
#18
04-30-2008, 10:08 AM
RE: Drive your ratwagon im keeping my truck
ORIGINAL: wvjefo
But if your Ratwagon is paid for. Then the numbers run different. I do 30 miles a day & gas is 3.63 here on Long Island NY. Using 365 days in a year. Cause I drive on the weekend too.
Even if you have payments they will end & you still have the Ratwagon.
Truck 1999 Ram 1500
@3.63$ a gallon
3.63*(30/10)=10.89
INSURANCE 1098.00 Half my full coverage
1098 / 365= 3.01
Truck cost per day 13.90
Alternate vehicle 2000 Hyundai Accent
MPG = 30
3.63 *(30/30) = 3.63
Monthly insurance 91.05
yearly cost
91.05*12= 1098.00
daily cost
1098/365 = 3.01
Daily cost $6.64
13.90 - 6.64 = 7.26 Difference per day
7.26 X 365 = $2649.90
7.26 = Lunchor 6 pack beer & change MMMM FREE BEER
Monthly savings 7.26 X 30 = 217.80Almost FreeRatwagon.
If you look longer term then Ratwagon does save big.
Jeff
But if your Ratwagon is paid for. Then the numbers run different. I do 30 miles a day & gas is 3.63 here on Long Island NY. Using 365 days in a year. Cause I drive on the weekend too.
Even if you have payments they will end & you still have the Ratwagon.
Truck 1999 Ram 1500
@3.63$ a gallon
3.63*(30/10)=10.89
INSURANCE 1098.00 Half my full coverage
1098 / 365= 3.01
Truck cost per day 13.90
Alternate vehicle 2000 Hyundai Accent
MPG = 30
3.63 *(30/30) = 3.63
Monthly insurance 91.05
yearly cost
91.05*12= 1098.00
daily cost
1098/365 = 3.01
Daily cost $6.64
13.90 - 6.64 = 7.26 Difference per day
7.26 X 365 = $2649.90
7.26 = Lunchor 6 pack beer & change MMMM FREE BEER
Monthly savings 7.26 X 30 = 217.80Almost FreeRatwagon.
If you look longer term then Ratwagon does save big.
Jeff
1987 MitsubishiPickup $1900 obo - 32mpg(99k)
1997 Dodge Intrepid $1700 - 25-30mpg (125k)
2000 Chevy Cavalier LS $2500 - 25-30mpg (125k)
2003 Hyundai Accent $1800 - 28-35mpg (97k)
1993 Mazda Protege LX $2000 - 28-35mpg (107k)
These are 5 cars within 50 miles of your zipcode that are under $3000 and all of them are capable of more then double almost triple the gas mileage you have currently in your Ram.
More to the point, most of these shouldnt even cost you more then $50-75 to insure with full coverage...as I have a 91 Camry Wagon and it's like $42 full coverage...
The last 3 cars are on the smaller size, but that Mitsu pickup might be a good steal for you. My parents have Datsun (Nissan) pickup, and it gets like 35mpg and they drive it alot. Still has the bed in it for sleeping, and gets triple what you get in your Ram as far as mpg.
It's also RWD.
#19
04-30-2008, 10:49 AM
Grand Champion
RE: Drive your ratwagon im keeping my truck
I debated buying a gas sipper for a long time, and it never really made much financial sense until gas hit about $3/gal. Then, based on all my calculations, it still only made financial sense if:
1) I paid cash for it and paid less then $2500.
2) Went with liability only insurance.
3) Drove it as many days as possible in a 365/day period.
So now I drive my Swift which gets in the low 40's for gas mileage. I paid $1500 for it. At current gas prices ($3.36 last time I filled up), I save $220 a month just by driving it and parking the truck, and thats after paying insurance (liability only) and gas for it. If gas goes to $4/gal, which seems very likely, i'll be saving around $265 per month. This means that with the money I will save on gas, I will make back what it cost to buy the Swift in only 6 months time. After that, any savings goes right in my pocket to the tune of around $2700-$3000 per year depending on gas prices at the time and how much I have to intermitently drive the truck.
So it definetly was worth it for me. The problem most people make is they look at buying a $15000 car that gets in the low 30's for mpg. They can't afford it, so they have to make payments on it which means they have to also pay for full coverage insurance too. Then they wonder why they didn't come out ahead. They would have been better off taking that same amount of money and just using it to buy gas for their truck.
1) I paid cash for it and paid less then $2500.
2) Went with liability only insurance.
3) Drove it as many days as possible in a 365/day period.
So now I drive my Swift which gets in the low 40's for gas mileage. I paid $1500 for it. At current gas prices ($3.36 last time I filled up), I save $220 a month just by driving it and parking the truck, and thats after paying insurance (liability only) and gas for it. If gas goes to $4/gal, which seems very likely, i'll be saving around $265 per month. This means that with the money I will save on gas, I will make back what it cost to buy the Swift in only 6 months time. After that, any savings goes right in my pocket to the tune of around $2700-$3000 per year depending on gas prices at the time and how much I have to intermitently drive the truck.
So it definetly was worth it for me. The problem most people make is they look at buying a $15000 car that gets in the low 30's for mpg. They can't afford it, so they have to make payments on it which means they have to also pay for full coverage insurance too. Then they wonder why they didn't come out ahead. They would have been better off taking that same amount of money and just using it to buy gas for their truck.
#20
04-30-2008, 10:59 AM
RE: Drive your ratwagon im keeping my truck
ORIGINAL: Silver_Dodge
I debated buying a gas sipper for a long time, and it never really made much financial sense until gas hit about $3/gal. Then, based on all my calculations, it still only made financial sense if:
1) I paid cash for it and paid less then $2500.
2) Went with liability only insurance.
3) Drove it as many days as possible in a 365/day period.
So now I drive my Swift which gets in the low 40's for gas mileage. I paid $1500 for it. At current gas prices ($3.36 last time I filled up), I save $220 a month just by driving it and parking the truck, and thats after paying insurance (liability only) and gas for it. If gas goes to $4/gal, which seems very likely, i'll be saving around $265 per month. This means that with the money I will save on gas, I will make back what it cost to buy the Swift in only 6 months time. After that, any savings goes right in my pocket to the tune of around $2700-$3000 per year depending on gas prices at the time and how much I have to intermitently drive the truck.
So it definetly was worth it for me. The problem most people make is they look at buying a $15000 car that gets in the low 30's for mpg. They can't afford it, so they have to make payments on it which means they have to also pay for full coverage insurance too. Then they wonder why they didn't come out ahead. They would have been better off taking that same amount of money and just using it to buy gas for their truck.
I debated buying a gas sipper for a long time, and it never really made much financial sense until gas hit about $3/gal. Then, based on all my calculations, it still only made financial sense if:
1) I paid cash for it and paid less then $2500.
2) Went with liability only insurance.
3) Drove it as many days as possible in a 365/day period.
So now I drive my Swift which gets in the low 40's for gas mileage. I paid $1500 for it. At current gas prices ($3.36 last time I filled up), I save $220 a month just by driving it and parking the truck, and thats after paying insurance (liability only) and gas for it. If gas goes to $4/gal, which seems very likely, i'll be saving around $265 per month. This means that with the money I will save on gas, I will make back what it cost to buy the Swift in only 6 months time. After that, any savings goes right in my pocket to the tune of around $2700-$3000 per year depending on gas prices at the time and how much I have to intermitently drive the truck.
So it definetly was worth it for me. The problem most people make is they look at buying a $15000 car that gets in the low 30's for mpg. They can't afford it, so they have to make payments on it which means they have to also pay for full coverage insurance too. Then they wonder why they didn't come out ahead. They would have been better off taking that same amount of money and just using it to buy gas for their truck.
But the problem is that as gas prices go up, those cheap used econoboxes aren't so cheap anymore, because everyone wants one.