Drive the fuel miser for one year or sell now and make immediate $$?
I just recently aquired a 98 civic lx auto w/ 154000 on the clock, with absolutely zero mechanical issues, and a clean body with no damage or rust. I bought it for only 1500, way, way below book. I could sell this car right now for closer to its actual book and make $1000-$2000 or, alternately….
I drive about 30000 miles a year right now because of how far away my school is. I have an 04 honda accord v6. Case in point, I’ve had the car a little less than two years since new and already have put 48,000 on it.
I’m thinking…..
The accord gets about 24/ 25 mpg on average, whereas the civic get more like 38 mpg. If I used the civic for this next year (then I graduate) I could save on gas and keep the miles off my accord?
I would need to pay for insuring the vehicle ($104 more per year, no biggie), install a cd player (AM/FM only + 1hr+ commute,yuk) I booked the car a year older and w/ 30000 more miles, I still make $ on it. ( a little less)
Sell now or use then sell ?
I have free garaged storage available for the 2004 accord.
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Filed under Gas Conservation FAQ by on Mar 12th, 2011. Comment. 
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Comments on Drive the fuel miser for one year or sell now and make immediate $$?
I can see no entry in your equation for the opportunity costs of either vehicle. I am assuming your accord has payments. If you sell at a profit on the econobox how much is gained by collecting interest on a good investment or in paying off the accord. This is what you are balancing against fuel savings as well as your repairs and insurance. your including depreciation of future value was a good inclusion in your estimate.