To receive your free “maybe it’s not time to trade in my ride after all,” current fuel cost vs. vehicle purchase analysis, please fill out the required fields below. Please note: to calculate the results, we use extremely conservative numbers. We will increase gas prices at a rate of 7%/year rather than the current ten year average which has been a steady 15%/year.
As people rush to trade in SUVs and gas-guzzling vehicles for something that promises better fuel economy, Car Pal is dedicated to analyzing whether or not that is a sensible financial decision. Our goal is to show you how much it currently and likely will cost you to drive your current vehicle 5-7 years down the road.
You may be amazed at how many years it takes to make up the cost differential of taking on a new or longer-term payment. On the other hand, you may find that the savings are good enough and a new purchase would indeed be costwise. Maybe you just want a new car and you are looking to justify the purchase — at least a little…. Our aim is to help you make an educated decision.
If your current vehicle is very old and needs (or may soon need) expensive repairs, please make a note in the section at the very bottom of this form.