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	<title>Comments on: How Much Extra Should You Pay for Fuel Efficiency?  Here&#8217;s How We&#8217;re Calculating It</title>
	<atom:link href="http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/</link>
	<description>Simple, applicable personal finance advice for the modern world</description>
	<lastBuildDate>Sat, 21 Nov 2009 19:22:21 -0800</lastBuildDate>
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		<title>By: Charles Cohn</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-793070</link>
		<dc:creator>Charles Cohn</dc:creator>
		<pubDate>Mon, 19 Oct 2009 10:38:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-793070</guid>
		<description>We had been driving a Chevy Express full-size van which we use as a camper.  One night we were driving along the Interstate when two cars on the other side collided.  One of them caromed across the median and hit our van broadside.

My wife ended up with some broken ribs, when all I had was a few bruises.  I&#039;m sure that if we had been driving a more politically-correct vehicle, we could have been seriously injured or killed.  So I went right ahead and bought another Chevy Express.

No amount of fuel savings is worth getting severely injured or killed.</description>
		<content:encoded><![CDATA[<p>We had been driving a Chevy Express full-size van which we use as a camper.  One night we were driving along the Interstate when two cars on the other side collided.  One of them caromed across the median and hit our van broadside.</p>
<p>My wife ended up with some broken ribs, when all I had was a few bruises.  I&#8217;m sure that if we had been driving a more politically-correct vehicle, we could have been seriously injured or killed.  So I went right ahead and bought another Chevy Express.</p>
<p>No amount of fuel savings is worth getting severely injured or killed.</p>
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		<title>By: Dan</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-395041</link>
		<dc:creator>Dan</dc:creator>
		<pubDate>Thu, 16 Oct 2008 14:03:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-395041</guid>
		<description>Excellent cost breakdown and comparison!  I know the basis of The Simple Dollar is to find ways to lower costs (and I value that principle very highly); however, don&#039;t forget about the environmental impact comparison.  While it may cost more for the hybrid, less harmful emissions are definitely worth considering.  Ultimately, Earth is the only planet we have and we haven&#039;t been doing a good job taking care of it...

On another note, www.fueleconomy.gov is a good source for fuel economy ratings too.</description>
		<content:encoded><![CDATA[<p>Excellent cost breakdown and comparison!  I know the basis of The Simple Dollar is to find ways to lower costs (and I value that principle very highly); however, don&#8217;t forget about the environmental impact comparison.  While it may cost more for the hybrid, less harmful emissions are definitely worth considering.  Ultimately, Earth is the only planet we have and we haven&#8217;t been doing a good job taking care of it&#8230;</p>
<p>On another note, <a href="http://www.fueleconomy.gov" rel="nofollow">http://www.fueleconomy.gov</a> is a good source for fuel economy ratings too.</p>
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		<title>By: Mitch</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-394716</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Wed, 15 Oct 2008 22:24:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-394716</guid>
		<description>@Grant

The Highlander is built on a car platform, not a truck platform.  It weighs 3900 lbs. (Camry weighs 3300).  Highlander pulls .76 Gs around skidpad (handling test, equal to Camry). Goes through slalom at 58 mph (handling test, Camry 61 mph).  60-0 brake test in 127 feet (Camry 134 feet).  It also seats 7 and carries 95 cubic feet of cargo (Camry seats 5 and carries 15 cubic feet).  The Camry would use about $500 less in gas per year based on the estimates Trent provided (assuming V6 Camry, which would be a good idea with the weight of 5 people and cargo).  Also, the safety ratings are very similar, and the standard antiskid system eliminates a huge percentage of rollovers.

If it handles as well, brakes better, carries more people and stuff, and still manages decent gas mileage, the Highlander beats the Camry hands down in my book.</description>
		<content:encoded><![CDATA[<p>@Grant</p>
<p>The Highlander is built on a car platform, not a truck platform.  It weighs 3900 lbs. (Camry weighs 3300).  Highlander pulls .76 Gs around skidpad (handling test, equal to Camry). Goes through slalom at 58 mph (handling test, Camry 61 mph).  60-0 brake test in 127 feet (Camry 134 feet).  It also seats 7 and carries 95 cubic feet of cargo (Camry seats 5 and carries 15 cubic feet).  The Camry would use about $500 less in gas per year based on the estimates Trent provided (assuming V6 Camry, which would be a good idea with the weight of 5 people and cargo).  Also, the safety ratings are very similar, and the standard antiskid system eliminates a huge percentage of rollovers.</p>
<p>If it handles as well, brakes better, carries more people and stuff, and still manages decent gas mileage, the Highlander beats the Camry hands down in my book.</p>
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		<title>By: Grant</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-394693</link>
		<dc:creator>Grant</dc:creator>
		<pubDate>Wed, 15 Oct 2008 21:38:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-394693</guid>
		<description>Why would you even consider an SUV?  If you want a safe, reliable vehicle that gets good gas mileage and seats 5, get a Honda Accord or a Toyota Camry (with side airbags).  Compared to an SUV, these are safer, get as good or better gas mileage, and are as cheap or cheaper to purchase.  I&#039;m guessing they&#039;ll also hold their value more, especially if gasoline stays in the $3+/gallon range.

SUVs are more dangerous than cars for several reasons.  1) They are built on truck frames and are considered trucks, and are not subject to the same safety standards that passenger vehicles are.  2) Stopping and maneuvering a 6,000 pound truck is not nearly as good as for a car weighing half as much (avoiding collisions in the first place is a big part of safety).  3) The higher center of gravity of SUVs leads to more rollovers (at least twice as many), a situation which causes many more injuries/fatalities.  4) People take more risks when they think they are in a &quot;safer&quot; vehicle, like an SUV.  This is called risk homeostasis.  More risky maneuvers and/or speeding equals more collisions.  

When I see SUVs speeding along an icy highway in the winter, I think to myself &quot;the laws of physics still apply.&quot;  Just because you have 4-wheel drive or weigh more than most cars doesn&#039;t mean you can stop the vehicle any faster or will be safer driving into a jersey wall when you lose control.</description>
		<content:encoded><![CDATA[<p>Why would you even consider an SUV?  If you want a safe, reliable vehicle that gets good gas mileage and seats 5, get a Honda Accord or a Toyota Camry (with side airbags).  Compared to an SUV, these are safer, get as good or better gas mileage, and are as cheap or cheaper to purchase.  I&#8217;m guessing they&#8217;ll also hold their value more, especially if gasoline stays in the $3+/gallon range.</p>
<p>SUVs are more dangerous than cars for several reasons.  1) They are built on truck frames and are considered trucks, and are not subject to the same safety standards that passenger vehicles are.  2) Stopping and maneuvering a 6,000 pound truck is not nearly as good as for a car weighing half as much (avoiding collisions in the first place is a big part of safety).  3) The higher center of gravity of SUVs leads to more rollovers (at least twice as many), a situation which causes many more injuries/fatalities.  4) People take more risks when they think they are in a &#8220;safer&#8221; vehicle, like an SUV.  This is called risk homeostasis.  More risky maneuvers and/or speeding equals more collisions.  </p>
<p>When I see SUVs speeding along an icy highway in the winter, I think to myself &#8220;the laws of physics still apply.&#8221;  Just because you have 4-wheel drive or weigh more than most cars doesn&#8217;t mean you can stop the vehicle any faster or will be safer driving into a jersey wall when you lose control.</p>
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		<title>By: Mike</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-394554</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Wed, 15 Oct 2008 16:25:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-394554</guid>
		<description>There is a small but possibly significant error in the assumption that the average of 17 MPG and 23 MPG is 20 MPG. Although in the example the miles driven at each MPG are equal, the problem is that the common denominator for the two figures is gallons, not miles. 

If you knew ahead of time that you would burn an equal number of gallons at 17 and 23 MPG, then you could indeed average the two figures, but this does not hold true with an equal number of miles. You can average the two figures for equal mileage IF they are expressed in Gallons Per Mile (average the fractions 1/17 and 1/23). Or, just calculate the number of gallons used separately for each MPG. In the example, calculating it this way would show almost $750 additional gasoline expense over the 10-year period.

(Figures rounded)
6500 miles at 17 MPG uses 382.35 gallons 
6500 miles at 23 MPG uses 282.60 gallons
For a total of 664.95 gallons.

13000 miles at 20 MPG uses 650 gallons.
The difference of 14.95 gallons per year is 149.5 gallons over 10 years, or close to $750 at $5 per gallon.

The error is much smaller for the hybrid calculations. ($37 gasoline expense beyond that which was calculated). So the real difference between the gasoline costs of the two vehicles increases by just a touch over $711 to about $8211.</description>
		<content:encoded><![CDATA[<p>There is a small but possibly significant error in the assumption that the average of 17 MPG and 23 MPG is 20 MPG. Although in the example the miles driven at each MPG are equal, the problem is that the common denominator for the two figures is gallons, not miles. </p>
<p>If you knew ahead of time that you would burn an equal number of gallons at 17 and 23 MPG, then you could indeed average the two figures, but this does not hold true with an equal number of miles. You can average the two figures for equal mileage IF they are expressed in Gallons Per Mile (average the fractions 1/17 and 1/23). Or, just calculate the number of gallons used separately for each MPG. In the example, calculating it this way would show almost $750 additional gasoline expense over the 10-year period.</p>
<p>(Figures rounded)<br />
6500 miles at 17 MPG uses 382.35 gallons<br />
6500 miles at 23 MPG uses 282.60 gallons<br />
For a total of 664.95 gallons.</p>
<p>13000 miles at 20 MPG uses 650 gallons.<br />
The difference of 14.95 gallons per year is 149.5 gallons over 10 years, or close to $750 at $5 per gallon.</p>
<p>The error is much smaller for the hybrid calculations. ($37 gasoline expense beyond that which was calculated). So the real difference between the gasoline costs of the two vehicles increases by just a touch over $711 to about $8211.</p>
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		<title>By: Sharon</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-394275</link>
		<dc:creator>Sharon</dc:creator>
		<pubDate>Wed, 15 Oct 2008 05:50:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-394275</guid>
		<description>The assumption that you will drive the car into the ground after getting your 130,000 miles out of it is lovely, but if you end up with your expensive hybrid totaled early on, all that up front expense is now down the drain. 

Also, repairing a hybrid is a whole new ballgame, and readers who save money by doing their own work on a regular car will face potentially fatal risks with the hybrids. If you do choose to work on it at home, expensive protective equipment will also be needed to be purchased and it is ESSENTIAL to get the proper training in how to do it safely. http://www.asashop.org/autoinc/june2006/collision.htm

There is also significant risk to first responders on the scene of a severe collision. If those first responders have had the proper training and have the proper safety equipment, all is well. If, on the other hand, a well-meaning Good Samaritan on the scene tries to help, that could turn fatal to the Good Samaritan and/or the folks s/he is trying to help. http://editorial.autos.msn.com/article.aspx?cp-documentid=435450</description>
		<content:encoded><![CDATA[<p>The assumption that you will drive the car into the ground after getting your 130,000 miles out of it is lovely, but if you end up with your expensive hybrid totaled early on, all that up front expense is now down the drain. </p>
<p>Also, repairing a hybrid is a whole new ballgame, and readers who save money by doing their own work on a regular car will face potentially fatal risks with the hybrids. If you do choose to work on it at home, expensive protective equipment will also be needed to be purchased and it is ESSENTIAL to get the proper training in how to do it safely. <a href="http://www.asashop.org/autoinc/june2006/collision.htm" rel="nofollow">http://www.asashop.org/autoinc/june2006/collision.htm</a></p>
<p>There is also significant risk to first responders on the scene of a severe collision. If those first responders have had the proper training and have the proper safety equipment, all is well. If, on the other hand, a well-meaning Good Samaritan on the scene tries to help, that could turn fatal to the Good Samaritan and/or the folks s/he is trying to help. <a href="http://editorial.autos.msn.com/article.aspx?cp-documentid=435450" rel="nofollow">http://editorial.autos.msn.com/article.aspx?cp-documentid=435450</a></p>
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		<title>By: Josh</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393827</link>
		<dc:creator>Josh</dc:creator>
		<pubDate>Tue, 14 Oct 2008 16:15:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393827</guid>
		<description>I&#039;d be interested to see the comparison with an all electric car, as these are becoming more widely available.  The one I&#039;ve seen that seems the most practical is from Phoenix Motorcars.  They have two options a truck and an suv.  Both are priced around $45,000.  I&#039;d like to know how they stack up as you&#039;d have to buy either one new.</description>
		<content:encoded><![CDATA[<p>I&#8217;d be interested to see the comparison with an all electric car, as these are becoming more widely available.  The one I&#8217;ve seen that seems the most practical is from Phoenix Motorcars.  They have two options a truck and an suv.  Both are priced around $45,000.  I&#8217;d like to know how they stack up as you&#8217;d have to buy either one new.</p>
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		<title>By: just an opinion</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393819</link>
		<dc:creator>just an opinion</dc:creator>
		<pubDate>Tue, 14 Oct 2008 16:04:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393819</guid>
		<description>By the way, only tangentially relevant: Why don&#039;t we require ALL NEW CARS TO HAVE A GAUGE THAT SHOWS HOW MUCH MILEAGE YOU ARE CURRENTLY GETTING based on your driving (as hybrids do)??? This immediate feedback system tends to in and of itself make people drive in a more fuel efficient manner, as they are getting real time information about the cost of their driving habits.</description>
		<content:encoded><![CDATA[<p>By the way, only tangentially relevant: Why don&#8217;t we require ALL NEW CARS TO HAVE A GAUGE THAT SHOWS HOW MUCH MILEAGE YOU ARE CURRENTLY GETTING based on your driving (as hybrids do)??? This immediate feedback system tends to in and of itself make people drive in a more fuel efficient manner, as they are getting real time information about the cost of their driving habits.</p>
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		<title>By: Mitch</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393815</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Tue, 14 Oct 2008 15:59:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393815</guid>
		<description>Also, the Highlander Hybrid is unavailable in front drive, so you can&#039;t really compare the two.  

My point about driving habits is that if you were to use the same tactics in any vehicle, hybrid or otherwise, you would see an improvement in gas mileage.  This is true of even the largest SUVs--I can easily get 20 mpg+ out of my V8 Chevy Tahoe that is rated at 18 if I consciously change my driving habits.</description>
		<content:encoded><![CDATA[<p>Also, the Highlander Hybrid is unavailable in front drive, so you can&#8217;t really compare the two.  </p>
<p>My point about driving habits is that if you were to use the same tactics in any vehicle, hybrid or otherwise, you would see an improvement in gas mileage.  This is true of even the largest SUVs&#8211;I can easily get 20 mpg+ out of my V8 Chevy Tahoe that is rated at 18 if I consciously change my driving habits.</p>
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		<title>By: Mitch</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393812</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Tue, 14 Oct 2008 15:52:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393812</guid>
		<description>Those figures are for the front-drive model.  Trent has stated that he wants an all-wheel-drive vehicle, and 29/27 is correct for AWD.</description>
		<content:encoded><![CDATA[<p>Those figures are for the front-drive model.  Trent has stated that he wants an all-wheel-drive vehicle, and 29/27 is correct for AWD.</p>
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		<title>By: Karen M</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393808</link>
		<dc:creator>Karen M</dc:creator>
		<pubDate>Tue, 14 Oct 2008 15:40:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393808</guid>
		<description>Actually, Mitch, no.  But I was wrong, also.  According to the EPA (via New York Times auto review) the mileage is 34/30 city/hwy.  This is also the estimate on the Ford website.  Possibly your numbers are from an earlier model where the battery wasn&#039;t as strong.  And, actually, I have changed my driving habits because of this vehicle.  I consciously accelerate slower so the engine won&#039;t kick on until necessary.  The Escape also has a feature that shows the driver what their mpg is at any given moment.  It has become a personal challenge to get the best mpg possible.

So although my mileage is slightly better than what the EPA estimates, it is better than what you think the mileage is.</description>
		<content:encoded><![CDATA[<p>Actually, Mitch, no.  But I was wrong, also.  According to the EPA (via New York Times auto review) the mileage is 34/30 city/hwy.  This is also the estimate on the Ford website.  Possibly your numbers are from an earlier model where the battery wasn&#8217;t as strong.  And, actually, I have changed my driving habits because of this vehicle.  I consciously accelerate slower so the engine won&#8217;t kick on until necessary.  The Escape also has a feature that shows the driver what their mpg is at any given moment.  It has become a personal challenge to get the best mpg possible.</p>
<p>So although my mileage is slightly better than what the EPA estimates, it is better than what you think the mileage is.</p>
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		<title>By: Mitch</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393783</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Tue, 14 Oct 2008 14:58:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393783</guid>
		<description>@Karen M

The Escape Hybrid, according to Ford, is rated at 29/27, not 35/33.  If your mileage is that much better due to your driving habits, you would see the same increase in any vehicle, not just the one you happen to be driving currently.</description>
		<content:encoded><![CDATA[<p>@Karen M</p>
<p>The Escape Hybrid, according to Ford, is rated at 29/27, not 35/33.  If your mileage is that much better due to your driving habits, you would see the same increase in any vehicle, not just the one you happen to be driving currently.</p>
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		<title>By: Jen</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393728</link>
		<dc:creator>Jen</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:59:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393728</guid>
		<description>thank you! i have been trying to explain this to people for months! i&#039;ll be sending them the post :)</description>
		<content:encoded><![CDATA[<p>thank you! i have been trying to explain this to people for months! i&#8217;ll be sending them the post :)</p>
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		<title>By: docs money</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393708</link>
		<dc:creator>docs money</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:40:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393708</guid>
		<description>Wow well done for taking the time to work it out.  Whenever making a big money decision it is always worth looking into the long term costs, and if you can make money - make it or save.</description>
		<content:encoded><![CDATA[<p>Wow well done for taking the time to work it out.  Whenever making a big money decision it is always worth looking into the long term costs, and if you can make money &#8211; make it or save.</p>
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		<title>By: Jeff</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393707</link>
		<dc:creator>Jeff</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:39:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393707</guid>
		<description>Don&#039;t forget

a) property tax increase for more expensive car (not every state or locality has this)
b) opportunity cost of the use of the extra money

To judge the opportunity cost by potential economic reward, consider what the money could have earned with a conservative investment.

To judge the opportunity cost by energy cost savings, a comparison is needed with other energy-related investments.  For example, it is silly to spend so much extra for a hybrid if you still have a house full of incandescent lights or if you&#039;re heating your attic in the winter due to inadequate insulation.

Our common &quot;sense&quot; of energy and money needs to be developed far past the level of a simple gas-price/gas-mileage/miles-driven/sales-price equation.</description>
		<content:encoded><![CDATA[<p>Don&#8217;t forget</p>
<p>a) property tax increase for more expensive car (not every state or locality has this)<br />
b) opportunity cost of the use of the extra money</p>
<p>To judge the opportunity cost by potential economic reward, consider what the money could have earned with a conservative investment.</p>
<p>To judge the opportunity cost by energy cost savings, a comparison is needed with other energy-related investments.  For example, it is silly to spend so much extra for a hybrid if you still have a house full of incandescent lights or if you&#8217;re heating your attic in the winter due to inadequate insulation.</p>
<p>Our common &#8220;sense&#8221; of energy and money needs to be developed far past the level of a simple gas-price/gas-mileage/miles-driven/sales-price equation.</p>
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		<title>By: J</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393699</link>
		<dc:creator>J</dc:creator>
		<pubDate>Tue, 14 Oct 2008 12:29:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393699</guid>
		<description>One of my carpool buddies has three kids.  They have a minivan and a small 4-door sedan.  He uses the sedan for carpool duty and when he has to take one or two kids somewhere, and the minivan when he needs to move all three.

I&#039;ve actually found that it&#039;s a rarity when our whole family goes anywhere together now, so we are doing OK with a compact wagon and a minivan, ourselves.  I wouldn&#039;t hinge your new car purchase on having to fit all three children if you already have a vehicle that can do that.

Also, from personal experience having owned both, if you are looking for a family hauler, the minivan outshines the SUV in pretty much every category -- fuel mileage, comfort, purchase price, value, etc.  We bought the AWD Sienna since we occasionally have to deal with snowy roads, and it&#039;s even rated to tow 3500 lbs!</description>
		<content:encoded><![CDATA[<p>One of my carpool buddies has three kids.  They have a minivan and a small 4-door sedan.  He uses the sedan for carpool duty and when he has to take one or two kids somewhere, and the minivan when he needs to move all three.</p>
<p>I&#8217;ve actually found that it&#8217;s a rarity when our whole family goes anywhere together now, so we are doing OK with a compact wagon and a minivan, ourselves.  I wouldn&#8217;t hinge your new car purchase on having to fit all three children if you already have a vehicle that can do that.</p>
<p>Also, from personal experience having owned both, if you are looking for a family hauler, the minivan outshines the SUV in pretty much every category &#8212; fuel mileage, comfort, purchase price, value, etc.  We bought the AWD Sienna since we occasionally have to deal with snowy roads, and it&#8217;s even rated to tow 3500 lbs!</p>
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		<title>By: Karen</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393518</link>
		<dc:creator>Karen</dc:creator>
		<pubDate>Tue, 14 Oct 2008 07:50:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393518</guid>
		<description>Hi Trent

I&#039;m guessing that your situation regarding two vehicles is more complicated than you stated above.

I can&#039;t see that one child falling sick while your wife is at work justifies the expense of a second vehicle. I don&#039;t know your situation exactly but I&#039;m guessing that public transport is not accessible. Could you use taxis? Does this situation happen a lot? Thousands of dollars for piece of mind seems excessive.

Best Wishes
Karen</description>
		<content:encoded><![CDATA[<p>Hi Trent</p>
<p>I&#8217;m guessing that your situation regarding two vehicles is more complicated than you stated above.</p>
<p>I can&#8217;t see that one child falling sick while your wife is at work justifies the expense of a second vehicle. I don&#8217;t know your situation exactly but I&#8217;m guessing that public transport is not accessible. Could you use taxis? Does this situation happen a lot? Thousands of dollars for piece of mind seems excessive.</p>
<p>Best Wishes<br />
Karen</p>
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		<title>By: Laura</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393514</link>
		<dc:creator>Laura</dc:creator>
		<pubDate>Tue, 14 Oct 2008 07:26:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393514</guid>
		<description>Love your calculations. Went through a similar mental exercise in January after my 14yo Subaru wagon got the smackdown from an inattentive driver.

We chose the 2006 Pilot (wider backseat and 3rd row seating for the extra child seat), and had a fantastic experience purchasing a former rental vehicle through Enterprise rental return. I have always hated buying cars, not that I do it often, but knowing the price (we got a low-mileage vehicle in excellent shape with a clean vin report at $1000 under Bluebook). I&#039;ll buy the next car the same way I think (hopefully in 14 years).
thanks, Laura</description>
		<content:encoded><![CDATA[<p>Love your calculations. Went through a similar mental exercise in January after my 14yo Subaru wagon got the smackdown from an inattentive driver.</p>
<p>We chose the 2006 Pilot (wider backseat and 3rd row seating for the extra child seat), and had a fantastic experience purchasing a former rental vehicle through Enterprise rental return. I have always hated buying cars, not that I do it often, but knowing the price (we got a low-mileage vehicle in excellent shape with a clean vin report at $1000 under Bluebook). I&#8217;ll buy the next car the same way I think (hopefully in 14 years).<br />
thanks, Laura</p>
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		<title>By: SlaveToMyLenders</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393486</link>
		<dc:creator>SlaveToMyLenders</dc:creator>
		<pubDate>Tue, 14 Oct 2008 06:47:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393486</guid>
		<description>Hi Trent,

I see that you feel you need to have a car because of child-care issues, but as the Other Trent mentioned, are there taxis available? If you only need a car &#039;just in case&#039;, and can manage all the other types of trips (groceries and library) by waiting til your wife&#039;s car is available, then if there&#039;s a taxi option this might save a considerable amount of money. 

That said, I did without a car for years when my husband worked away Mon-Fri and we only had one car. It&#039;s sooo nice now that he&#039;s working locally (bicycles to work) and since I work from home, the car just sits in the driveway. It is nice to have a car there if we need it. But if it started costing a lot more to keep, we would consider going car-free and renting a car as needed or just taking taxis. I realize that you might not be able to get taxis where you live, and that even a little shop to buy milk might not be within walking distance, though, which makes it tough to be without a car for 9-10 hours a day.</description>
		<content:encoded><![CDATA[<p>Hi Trent,</p>
<p>I see that you feel you need to have a car because of child-care issues, but as the Other Trent mentioned, are there taxis available? If you only need a car &#8216;just in case&#8217;, and can manage all the other types of trips (groceries and library) by waiting til your wife&#8217;s car is available, then if there&#8217;s a taxi option this might save a considerable amount of money. </p>
<p>That said, I did without a car for years when my husband worked away Mon-Fri and we only had one car. It&#8217;s sooo nice now that he&#8217;s working locally (bicycles to work) and since I work from home, the car just sits in the driveway. It is nice to have a car there if we need it. But if it started costing a lot more to keep, we would consider going car-free and renting a car as needed or just taking taxis. I realize that you might not be able to get taxis where you live, and that even a little shop to buy milk might not be within walking distance, though, which makes it tough to be without a car for 9-10 hours a day.</p>
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		<title>By: PJ</title>
		<link>http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/comment-page-1/#comment-393356</link>
		<dc:creator>PJ</dc:creator>
		<pubDate>Tue, 14 Oct 2008 03:00:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.thesimpledollar.com/2008/10/13/how-much-extra-should-you-pay-for-fuel-efficiency-heres-how-were-calculating-it/#comment-393356</guid>
		<description>Factors you didn&#039;t take into account:

1) Differing maintenance costs - battery packs are very expensive to replace if they go bad, though their reliability seems to be somewhat environmentally related: extreme climates kill batteries.

2) &quot;Voting with your money&quot; - This matters less since you&#039;re not buying new, but I think it&#039;s important to use the leverage of one&#039;s pocketbook to try and point producers in the right direction.  Buying a hybrid or other fuel efficient car says to them &quot;More of this please&quot;.

3) Resale value - You say you&#039;ll drive it into the ground, so maybe this doesn&#039;t matter, but it might if you end up needing to sell it or trade it in at a later date.

4) Insurance - Don&#039;t overlook the difference in insurance premiums for car-based vs truck-based vehicles and especially for some hybrids and small cars that get classed as &quot;sports cars&quot; for some odd reason.  This can be many, many thousands of dollars of your &quot;ownership lifetime&quot; of the vehicle.</description>
		<content:encoded><![CDATA[<p>Factors you didn&#8217;t take into account:</p>
<p>1) Differing maintenance costs &#8211; battery packs are very expensive to replace if they go bad, though their reliability seems to be somewhat environmentally related: extreme climates kill batteries.</p>
<p>2) &#8220;Voting with your money&#8221; &#8211; This matters less since you&#8217;re not buying new, but I think it&#8217;s important to use the leverage of one&#8217;s pocketbook to try and point producers in the right direction.  Buying a hybrid or other fuel efficient car says to them &#8220;More of this please&#8221;.</p>
<p>3) Resale value &#8211; You say you&#8217;ll drive it into the ground, so maybe this doesn&#8217;t matter, but it might if you end up needing to sell it or trade it in at a later date.</p>
<p>4) Insurance &#8211; Don&#8217;t overlook the difference in insurance premiums for car-based vs truck-based vehicles and especially for some hybrids and small cars that get classed as &#8220;sports cars&#8221; for some odd reason.  This can be many, many thousands of dollars of your &#8220;ownership lifetime&#8221; of the vehicle.</p>
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