Comments on: How High Do Gas Prices Have to go to Justify Getting a New Car?

By: Van Leasing

Van Leasing — Thu, 23 Jul 2009 06:00:25 +0000

What's the better prize: a quarter of a million dollars, or a stack of gasoline cards worth $2,600 every year for the rest of your life? !Van sales!

By: van sale

van sale — Fri, 19 Jun 2009 10:53:35 +0000

Great study. Thanks for putting in the effort

By: New vans girl

New vans girl — Tue, 03 Jul 2007 11:18:11 +0000

It is worth considering selling the truck and buying a used 2-3 year old car where someone else has taken the sting for owning it from new. That changes the outcome of the equation considerably.

By: Anonymous

Anonymous — Fri, 01 Jun 2007 15:15:26 +0000

Everything interesting happens in the margin. Economists talk about marginal demand, marginal supply, marginal propensity to save, etc. Basically, what they are talking about is the last dollar, or last unit of a resource dedicated to a particular use.

In the case of decisions on whether or not to replace a car with a more fuel efficient model, the issue is not going to be whether someone who bought a car 6 months ago is going to replace it. That’s going to be rare. The real question is how many people will decide to replace an older car earlier than they would have. Another question is what percentage of car buyers will replace their old cars with more fuel efficient models.

I was one of the people buying a more fuel efficient car last month. It was time to get rid of that 9-year-old minivan.

By: dave

dave — Thu, 31 May 2007 02:08:29 +0000

It isnt necessarily practical to go out and by a new car . I think a more cost effective approach is to make the one you own more fuel efficient. A good resource is http://www.sonomabuzz.com I iproved my gas mileage by 30% with the tip and tricks .

By: Roundup for week of 20 May 2007 at Mighty Bargain Hunter

Roundup for week of 20 May 2007 at Mighty Bargain Hunter — Sun, 27 May 2007 05:57:15 +0000

[...] All Financial Matters wonders how high gas prices have to go to justify getting a new car. [...]

By: mbhunter

mbhunter — Sun, 27 May 2007 05:22:26 +0000

A survey in the Washington Post said that the average American would change driving habits or buy a more fuel efficient car when gas gets to about $4.40 per gallon. Over $5 per gallon in the West.

By: Dan

Dan — Sun, 27 May 2007 05:10:39 +0000

I definitely agree that Global Warming has become much more of a political stance than a scientific one. But one thing that is usually universal is the price we pay for importing oil.

Some oil producing countries are hostile to the US and have caused the death of US servicemen.

Some of the oil we buy comes from these countries.

Some of that oil is used to make gas.

So in the end, every time I buy gas, some amount of money (perhaps a faction of a cent) makes it into the revenue stream of counties that use it to kill our troops.

I certainly don’t want some snippers ammo bought from my gas money… So to me, it ain’t about the environment, it’s about financing terrorism.

-Dan

By: JEFF

JEFF — Sun, 27 May 2007 04:32:40 +0000

buy a new Infiniti G37…..Honda Civics are for HS girls…

By: Personal Finance and Investing Blog » Blog Archive » Weekly Blog Roundup, Long Weekend Edition

Fri, 25 May 2007 20:31:24 +0000

[...] How High Do Gas Prices Have to Go to Justify Getting a New Car? AllFinancialMatters crunches the numbers as usual. In order to convince JLP to buy a Honda Civic, gas would have to reach $7.55 a gallon. Now the gasoline companies have a price target. [...]