Gas Mileage Savings with a Fuel Efficient Vehicle

Fuel Efficient Vehicle
$
%
$
Gas Guzzler Trade-In
$
$
Miles and Gas
$
Printer-friendly version
Monthly Gas Cost Comparison
Monthly Gas Cost Comparison
Fuel Efficient Vehicle Gas Guzzling Vehicle
Monthly Gas Cost
As the price of gasoline continues to rise, the question often arises as to whether it makes financial sense to trade-in a "gas guzzler" for a more fuel-efficient vehicle. Several factors will impact that decision, including the cost of the new vehicle, the number of miles you drive and the cost of fuel. You can calculate your monthly fuel savings based on your current miles per gallon, miles driven per month and cost of fuel. Then you can estimate how much you will save by purchasing a more fuel efficient vehicle and when you will breakeven on the fuel efficient vehicle purchase.

The information provided by Fintactix's Tools and Content is for illustrative and educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results or recommendations made by Fintactix content or calculations. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product that may be available at the Licensee website where you use them.