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| Tuesday, August 08, 2006 |
| Little summer savings that add up |
This Reuters article: Little summer savings that add up, has some good advice. But I disagree with the "buy a big car (SUV?)" bullet point - it may be discounted now, but with gas prices seemingly only going up (pipelines can leak?!?) I would think whatever short-term discount you may get would be eaten up by the higher gas consumption. Also, what will the resale value of an SUV be as prices continue to escalate? Your depreciating asset may depreciate much faster than expected...-- Consider the gas guzzler. This is controversial advice, but if you're car shopping don't rule something out simply because it's not gas efficient. Some big cars are deeply discounted now, while you'll pay top dollar for the hybrid or tiny gas-miser. The difference in price could keep you in gas for a couple of years. I would think better advice would be to purchase a sedan or station wagon with good gas milage. |
| posted by Boston Gal @ 9:35 AM *
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A lot of people are handing in their leased SUV's. I think anyone who takes that piece of advice is kind of silly. The resale market for a gas guzzler is probably not going to improve much.
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A lot of people are handing in their leased SUV's. I think anyone who takes that piece of advice is kind of silly. The resale market for a gas guzzler is probably not going to improve much.