Would you consider getting rid of your car?

Question

I have a 2001 4x4 ford ranger, 4.0 engine. it's a gas guzzler extraordinaire, and I bought the dang thing almost a year ago to the day, when gas was still around $3.20/gallon. obviously, I would be upside down if I tried to trade it in now, especially with very little for a downpayment. if you are in a similar situation, would you trade in the gas guzzler, take a hit on the new car in order to pay less for gas? BTW, I'm not going to, I'm just wondering who would....

Answer 1

i guess u didn't need a 4x4 pickup? i have a 4x4 s 10 and would never sell it..i carry hay,gravel,lawn mowers,firewood.....i get 20 hyway and 15/16 town...you...hmmm got any down payment? and trade for what... a 25 mpg car...30mpg?...35?   .if your making a huge mileage jump 20 to 35/40 it will still take 4/6 yrs to break even...that said  i say trade...for your mental health..lol..sounds like ur going nuts over it...lol..i do same thing...good luk

Answer 2

I have considered it. I drive to work 90 miles away once a week. I race ATV's and seems like I always need a truck for something. But here lately, I thought about selling and getting a car. My parents have a truck that I could use for things around the farm, and I could always get a hitch on the car to pull a small trailer.

Answer 3

I have a big 4x4 that is paid for. It would cost $20,000+ to trade it just to save maybe $5000 in gas. We have deep snow here sometimes and I can go anywhere I want.

Answer 4

I bought a 95 honda vx (eggshaped hatchback) that gets 44+ mpg last year. My '94 F250 sits in the driveway. It's on minimal insurance and if I need to take it on the road i have to call in first and have it upgraded, and call off after im back.

It's hardly worth selling. I won't get what it's worth. It's handier to have it around and use it for hauling whenever necessary than to have to rent one.  The truck has about 60k original miles on it. The honda had 50k when I bought it. It will have paid for itself in gas savings in under 4 years. We had originally planned to buy a new Honda Fit but it just didn't have what we felt was good enough mpg's in this current fuel cost environment. We decided to get the old honda with better mpg's (and way cheaper) and wait for the next generation of cars/ hybrids etc for a vehicle that will get 80-100 mpg. We figured we're good for at least 5 years with the honda.

Answer 5

I would keep the truck and just buy a cheap economy beater for most of my driving.  For example, you could buy a used Neon or Cavalier with a 5 speed stick shift very cheaply, and those cars with a stick shift can easily get 40MPG or better.  The money you'd save in gas would eventually pay for the car in the long run, and you'd still have the truck for doing stuff that trucks do best.

Answer 6

If you're going to drive a 7 year old car anyway, save your money and pay cash for the next one.  You should not be making payments on an old car.