Am I crazy?
JK Junkie
Joined: Mar 2011
Posts: 2,145
Likes: 4
From: Israel
..... If you're getting 12mpg right now, and you're going up to 18mpg with a new 3.6, and gas is $3.70/gallon...
Let's assume the total transaction cost is $8,000 to swap Jeeps, yours for a new 2013 or 2014.
$3700 in gas for a year of driving, 12,000 miles, 12mpg average
$2466 in gas for a year of driving, 12,000 miles, 18mpg average
Savings of $1234/year, more or less depending on how much you drive.
Transaction cost $8,000 / $1234 annual gas savings = 6.5 years to break even. This is when swapping the vehicle for better gas mileage becomes "worth" it.
Let's assume the total transaction cost is $8,000 to swap Jeeps, yours for a new 2013 or 2014.
$3700 in gas for a year of driving, 12,000 miles, 12mpg average
$2466 in gas for a year of driving, 12,000 miles, 18mpg average
Savings of $1234/year, more or less depending on how much you drive.
Transaction cost $8,000 / $1234 annual gas savings = 6.5 years to break even. This is when swapping the vehicle for better gas mileage becomes "worth" it.
That's 7,000 miles per year and not 12,000.
It'll take more than 10 years to break even (and that's without counting interest on the initial payment), but there's still some saving.
... 285hp Pentastar ... no rattling ... new Jeep ... I'd go for it
Last edited by GJeep; Jul 13, 2013 at 01:56 AM.
