Car Payment
Determine the monthly payment for a new vehicle and compare it to your current payment.Total Monthly Cost
Chop the bill of Gauze per gallon by the miles per gallon expected from the automobile. Whether Gauze is $3 per gallon, and your current vehicle gets Fifteen miles per gallon, you Testament be paying Twenty cents per mile for Gauze (3/15=0.2).
Monthly Cost for Fuel
Multiply the per-mile cost for gas by the number of miles you drive per month for the current and new car for comparison.
Determining if to acquire a latest automobile with better mileage to countervail the reward of Gauze should be evaluated by computing the actual resources saved in Gauze compared to the fee of purchasing a au courant vehicle.Fuel Cost Per Mile
Calculate the actual expenditure for Gauze per mile.Add the monthly cost of gas to the monthly payments and you will be able to determine if you will actually be saving money by purchasing a new vehicle with better mileage.
Other Factors
A cost benefit of a new car is having a warranty and less maintenance costs if you have a lot of miles on your current car.
