Traded in my truck for better gas mileage

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05-11-2010, 08:16 PM

#21

Randy_S

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Quote:

Originally Posted by LS1x2

I made some assumptions, but I would probably be correct if I had the numbers to do the math. I'm assuming somebody who gets upside down that much on a 4 yr old vehicle with 4 yrs left on payments, and then buys a brand new car which will depreciate just maybe is not making the best decision on this stuff from a financial perspective.

Ok, my truck had a high interest rate since I had bad credit when I got it. My credit has since improved so I got this car at more than 10% LESS than the interest I was paying on the truck. Yea I had to take a slight hit to accrue the negative of the truck but like Ross said, my truck already had 100k and I drive about 100 miles a day to work and back. The payments on the car are actually a little less than what I paid on the truck and my insurance is the same. So far I am averaging 10 mpg more than I did in the truck so my family and I are content with it.

Thanks for caring so much.

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05-11-2010, 08:22 PM

#22

brian_rs/ss

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Quote:

Originally Posted by Randy_S

Thats funny, I recall recently seeing your car at Kemah and commenting on liking the blue bowtie. I am going to refrain from making the comment that I want to, besides my family likes it and that is all I am concerned about.

Besides, I still have a toy in the garage just as clean as yours and more than likely makes a little more power than yours....

omg dude this is the internet...lighten up it was a obviously a joke.

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05-11-2010, 08:49 PM

#23

94TRANS

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those malibu LTZ's are nice. my mom had one and id drive it when i could. there nice, comfy and have some get up and go to them

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05-14-2010, 11:14 PM

#24

XPTBSS

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Congrats on the new purchase Randy....Those Malibu LTZ's are pretty nice and do get great gas mileage. I seen some guys tuning them and running decent times.