Trading my RX-8 for a MazdaSpeed6
#26
Pining for the Fjords
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Originally Posted by VikingDJ
All too true. If you try and get out of this lease for a MS6, you're gonna lose out big time, and you will be reversing your attempt to cut costs. If you wanna spend more, then by all means do it.
I was even further into the lease than you on an old car of mine and they wouldn't let me out... 28mos into a 36mo lease on a Ford Focus, I wanted to get into a Mustang GT and tried this scheme. Talked to FoMoCo credit and everything, pointing out I wanted to spend more money with them for a longer period of time and all they had to do was let me out of my lease for a purchase of a newer car... And they said "go ahead", but the terms of buying out the lease were outrageous. My attempts at being reasonable, pointing out that I wanted to give up my lease on a $15k car to get a $25k+ car, were fruitless.
Well, in the end they got their monthly payments when I just kept the car for those last 8mos... And they got a car with over a thousand $$$ worth of body damage that it didn't have when I tried to get out of the lease 8mos prior (up to $2k allowed by the Red Carpet Lease program), and I didn't go back and get another Ford. I guess I showed THEM, huh?
#27
The lease part is the killer. As for the gas I figured if I got 3mpg better over the life of the car 10 years I would be saving in the range of $9000. That was assuming gas prices a little over $3, they will go high and so will this number. Work it out on a spreadsheet, if your looking to keep the car long term it might make sense.
#28
Well, the gas mileage savings depend on how much you drive. Let's assume you drive 12k miles per year.
With the 8 we'll say you average 18 mpg. So in 1 year you'll buy 667 gallons of gas. That's $2000 if gas costs $3 a gallon.
With the MS6, let's say you average 24mpg. You'll buy 509 gallons of gas and spend $1527.
So for a year of gas savings, you've saved $472, or about 1 car payment.
And the more you drive, the more you save. I'm doing about 20k miles per year, so my yearly savings would be around $830.
With the 8 we'll say you average 18 mpg. So in 1 year you'll buy 667 gallons of gas. That's $2000 if gas costs $3 a gallon.
With the MS6, let's say you average 24mpg. You'll buy 509 gallons of gas and spend $1527.
So for a year of gas savings, you've saved $472, or about 1 car payment.
And the more you drive, the more you save. I'm doing about 20k miles per year, so my yearly savings would be around $830.
#29
Pining for the Fjords
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You might want to check your spreadsheet, or you're using numbers I simply can't comprehend.
I quickly ran the numbers for a car driven 20,000mi/yr, with a mileage difference of 3mpg (19 vs. 22), and gas a $3.50/gal... And came up with a difference of only $5000 over ten years. Even if you assume $5/gal, the difference is just over $7000. Of course, if gasoline keeps rising in price like it is, $5/gal is not that far away. *yeccch* If that happens, and I have to drive more than I currently do, it's time to get a Civic.
In any case, I find it highly doubtful that anyone would keep a car like an RX-8 or a MS6 for ten years... or at least not keep it for ten years rolling up 20k miles/yr.
I quickly ran the numbers for a car driven 20,000mi/yr, with a mileage difference of 3mpg (19 vs. 22), and gas a $3.50/gal... And came up with a difference of only $5000 over ten years. Even if you assume $5/gal, the difference is just over $7000. Of course, if gasoline keeps rising in price like it is, $5/gal is not that far away. *yeccch* If that happens, and I have to drive more than I currently do, it's time to get a Civic.
In any case, I find it highly doubtful that anyone would keep a car like an RX-8 or a MS6 for ten years... or at least not keep it for ten years rolling up 20k miles/yr.
#30
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Originally Posted by Asmoran
With the MS6, let's say you average 24mpg. You'll buy 509 gallons of gas and spend $1527.
#31
FULL FRONTAL ...downforce
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Originally Posted by DrDiaboloco
You might want to check your spreadsheet, or you're using numbers I simply can't comprehend.
I quickly ran the numbers for a car driven 20,000mi/yr, with a mileage difference of 3mpg (19 vs. 22), and gas a $3.50/gal... And came up with a difference of only $5000 over ten years. Even if you assume $5/gal, the difference is just over $7000. Of course, if gasoline keeps rising in price like it is, $5/gal is not that far away. *yeccch* If that happens, and I have to drive more than I currently do, it's time to get a Civic.
In any case, I find it highly doubtful that anyone would keep a car like an RX-8 or a MS6 for ten years... or at least not keep it for ten years rolling up 20k miles/yr.
I quickly ran the numbers for a car driven 20,000mi/yr, with a mileage difference of 3mpg (19 vs. 22), and gas a $3.50/gal... And came up with a difference of only $5000 over ten years. Even if you assume $5/gal, the difference is just over $7000. Of course, if gasoline keeps rising in price like it is, $5/gal is not that far away. *yeccch* If that happens, and I have to drive more than I currently do, it's time to get a Civic.
In any case, I find it highly doubtful that anyone would keep a car like an RX-8 or a MS6 for ten years... or at least not keep it for ten years rolling up 20k miles/yr.
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