The high cost of gas has many trading in their gas guzzling SUV’s and trucks for more fuel efficient vehicles. I stumbled across a “Gas Guzzler Trade in calculator” on Edmunds.com that can help you decide if the new car you’re looking at will really save you money.
I’ve already made the plunge… I sold my 98 Jeep Wrangler and bought an 07 Honda CRV last year. According to the calculator, I save about $70 a month on gas, but it will still take me something like 270 months to break even for the money I had to shell out for a new car. That’s okay. The Jeep was great for 8 years, but I was ready for a car with a real roof!