Apr 29 2008, 02:58 PM
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#1
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![]() Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
So I was reading on some site the other day, some dude had done some calculations for himself and figured out that his break even point for parking his current vehicle and getting a high mpg car for daily driving was at around $5.00/gallon. Made me curious, I calculated it for myself, then figured I could just make an easy to use equation for everyone else. So I broke out the rusty old algebra and came up with this. Someone can correct me if I'm wrong as it was a few lines worth of solving to make it simpler:
P = GX(1/Y - 1/Z) where: X = number of miles per month you drive Y = mpg of current vehicle Z = mpg of proposed vehicle G = gas price in $ per gallon P = monthly payment for new vehicle (don't forget insurance So you can plug in numbers wherever you want and figure it out for yourself. Also keep in mind this assumes either that your current vehicle is paid off, or that you will keep the vehicle and its current payments (effectively cancelling each other out). So to figure out my own gas price break even point (assuming $300/mo for a 35mpg honda civic): G = P/X(1/Y - 1/Z) G = 300 / 2100(1/17 - 1/35) = $4.722/gallon or say at the current gas prices, what payment on a new 35mpg vehicle would break me even? P = GX(1/Y - 1/Z) P = 3.50 2100 (1/17 - 1/35) = $222/month So I guess I'll be keepin the gas hog a while longer |
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Apr 29 2008, 03:28 PM
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#2
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![]() Oh baby bring me down Group: Agents Posts: 4,115 Joined: 23-February 06 From: Way out yonder Member No.: 68 |
I got an 02 civic ex for 76000 last year. What that stupid formula doesn't account is the total cost of vehicle over its lifetime. Stupid formulas like this is how dogmeat says an H3 is cheaper than a prius.
-------------------- Southern Rock, beer and bears!
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impala454 Gas mileage formula Apr 29 2008, 02:58 PM
impala454 Chuck, your vehicle costs money to maintain/repair... Apr 29 2008, 03:29 PM
Dogmeat Or you could use the same spreadsheet I made 8 fuc... Apr 29 2008, 08:25 PM
Jessica I found this a while back on the Orlando Sentinel ... Apr 29 2008, 09:51 PM
impala454 That spreadsheet is very admirable, but I'd se... Apr 29 2008, 09:52 PM
Dogmeat QUOTE (impala454 @ Apr 29 2008, 09:52 PM)... Apr 29 2008, 09:58 PM
impala454 Yeah true, some people really don't take care ... Apr 29 2008, 10:38 PM
chook QUOTE (impala454 @ Apr 29 2008, 11:38 PM)... Apr 30 2008, 11:56 PM
impala454 QUOTE (chook @ May 1 2008, 12:56 AM) You ... May 1 2008, 09:29 AM![]() ![]() |
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