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Question of the Day: Which is the most hair-raising South African mountain pass you've driven?
Getting a smaller vehicle
- Thread starter solantis
- Start date
Pho3nix
The Legend
Is the current car paid off ?
EL'Diablo
Executive Member
What car is costing you so much?
5k On fuel per month? What car and how far are you driving? That's madness.
WAslayer
Honorary Master
If your petrol heavy vehicle is capable of something critical that you are absolutely dependent on, that small car can't do, then it wouldn't be a wise decision..
The financial situation is again another factor.. if you are still paying off the petrol heavy vehicle and the settlement amount on it is so much, that even if you did sell, you have to load the remaining onto the smaller car finance, you might end up still paying the same amount every month, even though the smaller car uses less fuel..
Question though, the petrol price just decreased, have you calculated what your new monthly fuel bill will be based on the new price..?
The financial situation is again another factor.. if you are still paying off the petrol heavy vehicle and the settlement amount on it is so much, that even if you did sell, you have to load the remaining onto the smaller car finance, you might end up still paying the same amount every month, even though the smaller car uses less fuel..
Question though, the petrol price just decreased, have you calculated what your new monthly fuel bill will be based on the new price..?
RonSwanson
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Jean Claude Vaaldamme
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Only way it could make sense is your heavy on fuel vehicle is something that you going to keep forever and probably a bit older and paid off already.
Otherwise you will just sit with 2 vehicles that is depreciating in value every month, two insurance premiums to be paid and the smaller vehicle will still cost fuel every month and probably a extra monthly instalment. Oh and two vehicles needing services and licenses and maintenance.
Otherwise you will just sit with 2 vehicles that is depreciating in value every month, two insurance premiums to be paid and the smaller vehicle will still cost fuel every month and probably a extra monthly instalment. Oh and two vehicles needing services and licenses and maintenance.
That's a fine pimp mobile indeed. Does it come with hydraulics installed?
FiestaST
Honorary Master
Which Haval?
this then you will also need to factor in insurance and services etc many considerations to take into acc
The_MAC
Honorary Master
You need a spreadsheet bro, difficult to answer your question with no info on hand
Cost of ownership of both vehicles i.e. outstanding finance, insurance, petrol, maintenance
Cost of ownership of both vehicles i.e. outstanding finance, insurance, petrol, maintenance
SauRoNZA
Honorary Master
Current Car : Cost of Ownership + Insurance + Maintenance + Petrol = X R/km
New Car : Cost of Ownership + Insurance + Maintenance + Petrol = X R/km
Which one is more and which one is less? Well there's your answer.
New Car : Cost of Ownership + Insurance + Maintenance + Petrol = X R/km
Which one is more and which one is less? Well there's your answer.
SauRoNZA
Honorary Master
Doesn't seem all that crazy to me going on average?
My wife drives a Kia Picanto one of the lightest things on the planet for a pretty short distance and it's an easy R2500-R3000 a month.
I would assume anyone in a normal car with average distance is doing R4000-R5000 a month on fuel these days.
8L/100 = 12.5km per liter.
50km round trip to work = 4 litres
4 litres x 21 days = 22.95 x 4 x 21 = R1927
That's just to work and back without weekend travel. Adjust for a heavier car or likely much more distance to the average person and R5000 really isn't what I would call madness.
Well it is madness, but that's the current state of affairs.
Hemi300c
Honorary Master
I had this issue.
I drove from Pta to Jhb daily in my 2.4 petrol Nissan Hardbody paid for.
Petrol was about R4800 per month
Bought a Suzuki Swift whilst keeping the Hardbody
Paying for itself almost
Payment R3700 (fixed interest rate)
Insurance R375
Petrol R1500 +-
So yes cost a bit more but I don't have maintenance costs on a DC with the tires costing R2800+ etc but now I have a cheap daily runner for little extra cost
I drove from Pta to Jhb daily in my 2.4 petrol Nissan Hardbody paid for.
Petrol was about R4800 per month
Bought a Suzuki Swift whilst keeping the Hardbody
Paying for itself almost
Payment R3700 (fixed interest rate)
Insurance R375
Petrol R1500 +-
So yes cost a bit more but I don't have maintenance costs on a DC with the tires costing R2800+ etc but now I have a cheap daily runner for little extra cost
I used to travel 100km round trip to work. Never again. Now I WFH perm and the wife works 3km away - so 6km round trip.
SauRoNZA
Honorary Master
For sure, that’s us living the life.
But I reckon a 50-100km round trip is pretty standard for most folks and no getting away from it easily.
Its a Toyota Fortuner 2014 still have one year left to pay.
So that's what I'm thinking.. I might be paying a little extra every month (less than R1000) but getting another vehicle which I can eventually sell it if I need to at a later stage.
Good suggestion by @SauRoNZA and @The_MAC regarding an excel sheet to work things out
The_MAC
Honorary Master
Ok, so I did the opposite.
Sold my smaller car, and bought a Fortuner
The only reason I did it was because I now work from home and also needed an off-road capable car.
Our 2nd car is much more fuel efficient and is used 90% of the time.
Agreed, the Tuna eats diesel
EL'Diablo
Executive Member
2.7 petrol?
LandyMan
Honorary Master
To add some more "perspective"
VW up, 84km round trip
4.8l/100km = 20km/l
Round trip 4.2l
4.2 X 21 X 22.95 = R2024
Distance is a killer