High gas prices make people do stupid things

[guy n. cognito]

http://www.cnn.com/2008/LIVING/wayoflife/05/20/geo.metro/index.html

Willing to pay 5 times the value of a car to save money on gas? This woman is! Do the math, using the following assumptions:

This woman drives 30000 miles per year (her 100 mile commute +)
She purchased the metro at 5 times it's value
Gas will cost an average of $4.50 per gallon.
Her current car gets 28 mph
Her new metro gets 40.

Check my math here, but I figure that it will take her over 3.5 years before her gas savings equals the amount she overpaid for the car.

Guess you gotta spend money to save money.

 

[wazzel]

Based on what I figure she will save about $1450/yr in gas. In 5 years the car will have paid for itself with the $7500 she paid for it. That is at $4.50 a gal. If gas hits $6/gal she will save $2k/year and the car will pay for itself in 3.8 years

 

[tplyons]

Yeah, which is the same reason I can't justify a new car yet. My 20 mpg is plenty, but with the few miles I drive, it'll take YEARS for the price of another car to make a difference.

I'm paying for the Harley anyway. I figure with the gas savings, $180 a month for a toy has really become about $120 a month after saved gas money.

 

[Mon Rominee]

Wow.
Super dumb.

Enjoy yer overpriced old age 3 cylinder.

 

[megadan]

Meh, makes sense to me. Instant savings in gas, which is what effects most people (constant steady drains on the wallet as opposed to one large one one time only).

 

[guy n. cognito]

Meh, makes sense to me. Instant savings in gas, which is what effects most people (constant steady drains on the wallet as opposed to one large one one time only).

So you're willing to pay 5 times the value of a 12 year old car?

 

[tplyons]

So you're willing to pay 5 times the value of a 12 year old car?

It seems that market price will be going up in the near future, or already has due to gas prices.

KBB is not always a great indicator of market value, because OBVIOUSLY someone was willing to pay that much for a car like she did.

 

[megadan]

So you're willing to pay 5 times the value of a 12 year old car?

That has nothing to do with anything.

 

[MakiSupaStar]

Sweet. That means my 2001 Honda Civic is appreciating.

 

[budman]

If she's making payments on the Honda Element and plans on selling it she'll come out ahead a lot quicker, assuming she paid cash for the Metro.

 

[kserg]

Uh, and lets not forget how unsafe that peace of garbage is...


HP and lb/ft = safety

http://www.cnn.com/2008/LIVING/wayoflife/05/20/geo.metro/index.html

Willing to pay 5 times the value of a car to save money on gas? This woman is! Do the math, using the following assumptions:

This woman drives 30000 miles per year (her 100 mile commute +)
She purchased the metro at 5 times it's value
Gas will cost an average of $4.50 per gallon.
Her current car gets 28 mph
Her new metro gets 40.

Check my math here, but I figure that it will take her over 3.5 years before her gas savings equals the amount she overpaid for the car.

Guess you gotta spend money to save money.

 

[Bad Brains]

Gas prices make people do stupid things, like wait in line at a gas station that has gas 4 cents cheaper then the place down the road with no line.

 

[iamlowsound]

There is a reason that I bought a motorcycle. 45 mpg and way more fun to drive.

lowsound

 

[JonathanD]

If I drove more than 20 miles a month I would think about it.
A little too much of a price tag IMO. Just wait a month and buy another one for $2000.

Jonathan

 

[iamlowsound]

I have actually been thinking of buying a metro to drive when it is too cold for my bike.

lowsound

 

[MoD_Scotty]

The car in my sig gets 25mpg city and will outrun 95% of the cars on the road.

HOWEVER, I have a little Mirage Turbo hatchback (many people confuse it with a Geo Metro) that I was in the process of building for power. I'm seriously thinking of making it insanely fuel efficient.

As far as the OP, that fool should have just bought a new Yaris. Almost the mpg of the Geo, but more power, more safety, more conveniences, and awesome resale value.

 

[whoatherechunk]

time to syphon some gas haha

 

[wazzel]

I stopped by carmax today on my way home and the small cars are way over priced. 20k for a used civic? Come on. I am better of to keep my 18mpg family sedan since it is just about paid.

 

[peaveyuser]

Idiot, she'll be kicking herself when she can't keep up with cars on the highway.


Seriously I read consumer reports and it said you had to push the little car at highways speeds.

 

[The Mock Turtle Regulator]

check out how much electric cars are going for on ebay-
eg. Toyota Rav4 EV-
http://cgi.ebay.com/ebaymotors/ws/e...ADME:B:SS:US:1123&viewitem=&item=230254014549

"Who killed the electric car" is on youtube-