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You Might Be Very Surprised A few days back I posted a You Tube presentation about two professors from Duke University who came up with a different, and in their minds, more accurate way to determine the efficiency of the engine in your vehicle. It’s nice to know how many miles per gallon (MPG), or as the profs say, gallons per mile (GPM) your vehicle will get, but there’s more, much more to that equation. First of all, you’re paying a premium for regular gasoline, $4 maybe in excess of $5 a gallon, and you decide to fill it up. Sticker shock will settle in quickly, but how about this, how many hours will you have to work in order to pay for that fuel ? CNN has posted a super simple calculator to help you determine how long you’ll have to work in order to fill the gas tank on your car. The link is below, along with another link that ties into the overall cost of owning a car, and a chart to see how your vehicle stacks up against the least expensive cars to own, and they aren’t hybrids. How Much is Your Vehicle Costing You Each Day? Face it, whether moving constantly or sitting in the garage for days on end, your vehicle is costing you money. Here are the considerations: Depreciation (your vehicle loses value every day) Financing Insurance Taxes & Fees Maintenance Repairs The Edmunds Company has posted a great “True Cost to Own” (TCO) page that helps determine what your vehicle is costing you over a five-year period, based on being ...
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You Might Be Very Surprised A few days back I posted a You Tube presentation about two professors from Duke University who came up with a different, and in their minds, more accurate way to determine the efficiency of the engine in your vehicle. It’s nice to know how many miles per gallon (MPG), or as the profs say, gallons per mile (GPM) your vehicle will get, but there’s more, much more to that equation. First of all, you’re paying a premium for regular gasoline, $4 maybe in excess of $5 a gallon, and you decide to fill it up. Sticker shock will settle in quickly, but how about this, how many hours will you have to work in order to pay for that fuel ? CNN has posted a super simple calculator to help you determine how long you’ll have to work in order to fill the gas tank on your car. The link is below, along with another link that ties into the overall cost of owning a car, and a chart to see how your vehicle stacks up against the least expensive cars to own, and they aren’t hybrids. How Much is Your Vehicle Costing You Each Day? Face it, whether moving constantly or sitting in the garage for days on end, your vehicle is costing you money. Here are the considerations: Depreciation (your vehicle loses value every day) Financing Insurance Taxes & Fees Maintenance Repairs The Edmunds Company has posted a great “True Cost to Own” (TCO) page that helps determine what your vehicle is costing you over a five-year period, based on being ...