Originally Posted by Idontcare
If you run the numbers on the cost of a vehicle the number one cost is depreciation, buying new versus used.
If you are buying new and thinking you are saving money because you bought a new hybrid or a new all-electric then you haven't computed the accounting correctly.
Anyone who buys new but makes gas mileage a decision point in their purchase is getting their cart before the horse, you threw away far more money in deciding to buy new than you were ever going to save by getting a car with 40mpg instead of one with 25mpg.
A few of those folks likely have the cart lined up exactly where it should be.
That placement is going to be dependent on annual miles driven and the price of gas and possibly the ability to buy under invoice by seeking out a loss leader.
For someone driving 20k miles a year, a used car at 25mpg vs a new car at 40mpg is >8k in favor of the new car alone when run over 5 years if fuel averages 4.5 a gallon. If you factor in savings in maintenance of going new you can easily be looking at a 10k favor over 5 years for going new vs used. If you consider the 5 year average cost of fuel at a possible $6 a gallon then the fuel savings alone are approaching 12k.
Getting a used, fuel efficient, cheap to maintain car is the ultimate finance victory, but MPG value is dependent for each driver and the price of gas.
The Chevy Cruze Eco is the car that comes to mind for providing exceptional value as a new car at ~20k vs a used offering at 10-12k.