FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
I'm amazed they're even still that high. The hybrid trucks and SUVs that still only see 25-28 mpg on average aren't going to help much, I would think.
Hey, if a 4WD Tahoe could get 28 mpg, the sales would be through the roof..........
Big trucks and SUV's have become a rolling joke and the people driving them viewed as fools who never saw the writing on the wall until it was too late $4 a gallon baby,fill her up
Well, at least she understands the numbers.Debbie Gilmartin has a major dilemma with the huge Hummer H2 parked in her driveway.
She can't afford to drive it, with a lengthy commute from central Phoenix to Chandler every day, as well as shuttling people around in her sideline real-estate business.
But she can't afford the more-than $10,000 loss if she trades it in.
And nobody wants to buy a vehicle that averages less than 10 miles per gallon.
"I'm between a rock and a hard place," Gilmartin said. "Financially, it's killing me with gas prices and everything. I can't sell it. I can't trade it in. I don't know what I'm going to do with it."
She owes more than $40,000 on the 2-year-old vehicle, but dealers are only offering her $30,000 in trade.
"It would be like $10,000 negative equity," she said.
I just bought a motorcycle to save money on gas.
Yeah, right.......
Just like there are on gas-guzzling Boeing 707s, and other turbojet dinosaurs.Gotta be some great bargains right now
You are so right! Waiting is only going to make the situation worse, as her monstrosity ages and gasoline costs continue to increase.Why not take the $10,000 loss and get out? $30,000 is a GIFT from that dealer
I just bought a motorcycle to save money on gas.
Yeah, right.......
Meanwhile, in March 2008, Toyota announced their sales had increased 9.8% over the previous year's numbers, and net earnings rose 4.5%. . . and that was a "disappointment."
If you figure mpg as mpg/per person, two or more people in an SUV that gets 17 mpg is more energy-efficient than one person in a smaller car that gets 30.
By extension, two or more people in a smaller car is more efficient still. And, if you regularily load balance across vehicle choices based on passenger volume, then you are very much in the minority... although I do applaud the effort!