Could today's gas prices justify buying a separate greener and more efficient car? We've seen some people save enough to justify owning two cars - for nearly the same price as their guzzler alone! Could you really save that much?? You may be shocked by the answer. I know most of you have a Honda, so you don't need to worry much, but you may want to send your suffering, gas-guzzling friends this handy tool to show them how much they could really save if they got another car.
With gas prices rising to over $4.00 a gallon, we are all looking for ways to save money. Although a new vehicle is a big investment, it might just save you thousands in gas.
Fueleconomy.gov, the U.S. Department of Energy’s website, offers a great calculator to figure out exactly how much you could save on gas by comparing vehicles with different MPGs (miles per gallon). Find out how much you could save by entering the cost of gas, your car’s MPG, approximately how many miles you drive annually, and how long you plan to own the vehicle.
For example, if your current car gets about 21 MPG with gas at $3.89 a gallon and you drive 15,000 miles a year, your annual fuel cost is $2,779. Maybe you have been considering getting into a more fuel efficient car, like the 2012 Honda Civic Hybrid that gets 44 MPG. With the Civic Hybrid, you would be spending $1,326 a year, $1,453 less than your current vehicle! Over the five years you plan to own the vehicle, you would save $7,262 in gas. Not a bad deal.
So maybe getting a new car is a better investment than you thought. To figure out how much you could save by purchasing a new car, click the big green button above or go to http://www.fueleconomy.gov/feg/savemoney.shtml
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