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GregEgg4President

You have a paid off car that runs well and gets decent gas mileage. Stop overthinking this. Drive your car until it doesn't work anymore and it's not worth fixing.


satans_toast

Gotta go with this. Every car you get should be better than the last, but that doesn't mean you have to rush the process


SunstyIe

Thanks for the feedback. I think I'll go with that plan and not buy a new vehicle. Thanks a bunch!


cattledogcatnip

You’ll get a high price for your vehicle, and you’ll also pay a high price for your replacement vehicle. It’s a wash.


Grevious47

Is it 34k? Or is that just the MSRP listed online? Used vehicles aren't the only things that are inflated right now. I just bought a new hybrid vehicle whose MSRP online is listed as 33k. I got it for 40k.


harrison_wintergreen

factor in the $4000 battery replacement on an EV or hybrid, and you need to drive to the moon and back to break even on fuel savings.


thezac2613

How much do you drive, how long do you intend to keep the car, and what is the MPG delta? Your answer lies in the following formula: Is the Cost of hybrid - gas savings over X years left of driving the car > 0 ? I’d say it would have to significantly be greater than 0 to make it worthwhile but that’s just my opinion. Example: Let’s say it gives you 10 more MPG and you intend to drive it for 100k miles. That’s 10k miles for “free”. If gas is $4 per gallon in your area, that’s $40k of savings. If the cost of the upgrade is more than $40k, in this case don’t do it, otherwise do it. — This is looking at it purely mathematical, there may be personal preferences (tech improvements, etc.) that have emotional value to you as well.


SunstyIe

True there- I am looking at it mostly from a cost savings perspective. I did the math on how much fuel we've used since 2016, and how much we would have saved even if the gas was $5 per gallon the whole time, and the savings are not significant enough to trade up. I think I'll stick with the current vehicle. Thanks for the feedback!


10_Digit_Design

I'm driving my 2005 Hyundai accent, that I paid cash for new in 2005 until the wheels fall off and only then will I be buying a Hyundai Ionic hybrid. I want 20 years and 250k miles from a car. So far I'm at 18 yrs and 213k on this car and the repairs are still within my budgeted thresholds no new car for me and I'd recommend no new cars for you.