Posted on 08/13/2005 2:07:09 PM PDT by Uncle Joe Cannon
Gas prices affect SUV values Updated: 8/12/2005 9:28:06 PM By: Adam Shub, News 14 Carolina
CHARLOTTE, N.C. -- Gas prices have reached another record high in North Carolina.
The average price is now $2.34 a gallon.
“The days of cheap gas are over,” said Sarah Davis of AAA Carolinas.
So is it time to trade in that gas-guzzling, sport utility vehicle for a gas-electric hybrid like the Toyota Prius?
When compared with the Ford Expedition, a popular SUV, the Prius would save more than $1,450 in gas costs per year. And that is for 15,000 miles at a cost of $2.34 a gallon. It could be even more.
Some people are trading in their SUV for a hybrid -- but not as many as you might think. Some people are trading in their SUV for a hybrid -- but not as many as you might think. Buddy Flesch, a car salesman at Town and Country Ford in Charlotte, sees some people trading in their SUV for a hybrid -- but not as many as you might think.
He said that’s because of a Catch-22. Soaring fuel costs are hurting the resale value of the SUVs.
So are the new employee pricing plans.
"With the prices going down on the new, they're also going to down on the used,” Flesch said Friday.
Gas prices have reached another record high in North Carolina. The average price is now $2.34 a gallon. Gas prices have reached another record high in North Carolina. The average price is now $2.34 a gallon. However, a trade-in might be a smart move if you owe little to nothing on your SUV.
"Consider how much you still owe on the vehicle that you want to trade in,” Davis said. “Consider what that trade-in value would be for you, and then consider how much you actually drive."
AAA says gas prices are nowhere close to topping off. In California, the average cost is $2.72 a gallon.
South Carolina enjoys the cheapest prices in the country. Its average is $2.25.
I completely agree, and these numbers you post are better economy than the hybrids.
The Rabbit diesel VW is the only viable small diesel engine in the world, and only diesel is truly serious alternative.
It's true. It's always calculated risks. SUVs are a smart buy, imo, despite high gas prices, especialy if you put it through its paces.
A SUV is much more efficient at carrying large amounts of loads from one place to the other as you do not have to make another trip. This is why the Boeing747 is still the most efficient airplane on the planet, no matter the technology out there. Bigger is better if you can employ it practicaly.
It's all numerators and denominators.
However the zero tolerance f@g police along with stupid marketing will recklessly forbid an owner's own risk calculations.
Amen to that. It isn't worth driving a pop can to save $1500 a year. I know three people who are in constant pain from accidents decades ago. They'd gladly go back and pay $1500 a year to get rid of the scars and pain.
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