[V8] Gas hog V8s

[Greg Furstenwerth]

I have to speak on the insurance matter the V8 has a lower insurance 
overall compared to the 84 4000s that I owned.

DieMarthaDie at aol.com wrote:

> 
>you left off a couple of things Mike:
> 
>Insurance on the V8 may be higher than some cars (but with airbags and  ABS 
>you get a discount) but I bet insurance (full coverage required with a car  
>loan) on an Aveo is a lot higher!  I wonder how an Aveo fares in real  snow, or 
>rain, or... an accident.
> 
>oh, and even if the payments, insurance and other actuarial tables went in  
>it's favor... at the end of the day you'd be driving an Aveo.
> 
>John
> 
>PS - My adventure is in the driveway with a seized caliper and I'd still  
>take it over an Aveo.
> 
>______________________________________________________
>With fuel approaching $3.00 per gallon, just out of curiosity, I ran  
>some interesting numbers.
>
>Starting premises -
>
>1)V8Q gets about  16mpg.
>
>2) CNN/Money had a list of cars you can buy with payments of under  
>$200/mo (sometimes just under), real exciting stuff like Cavalier, 
>Neon,  Aveo, etc, mostly stripped, and you couldn't get A/C in one of 
>them if you  wanted to stay under $200/mo, and I'm guessing the fuel 
>economy of these  cars is going to be 35 mpg? Which may be generous . . .
>
>Anyway  -
>
>Fuel costs for V8Q - 16 mpg with $3.00 gas is a bit under 20 cents a  
>mile, fuel costs for 35 mpg is abut 8.5 cents a mile.
>
>V8Q, 1,000  miles, $200 in fuel, 2,000 miles, $400 in fuel, 3,000 
>miles, $600 in fuel,  4,000 miles, $800 in fuel.
>Aveo (etc.),  1,000 miles, $85 in fuel, 2,000  miles, $170 in fuel, 
>3,000 miles, $255 in fuel, 4,000 miles, $340 in  fuel.
>
>Now we add the payment of $200 a month vs the Audi, which is free  and clear.
>
>Audi cost - 1,000 miles = $200, 2,000 miles = $400, 3,000  miles = 
>$600, 4,000 miles = $800.
>Aveo cost - 1,000 miles = $285, 2,000  miles = $370, 3,000 miles = 
>$455, 4,000 miles = $540.
>
>The break-even  point in mileage is therefore about 1,800 miles a 
>month, which is about  21,600 miles a year, at which point the 
>strictly fuel plus payment costs are  about even.
>
>But there is *much* more than that - there is capital cost  and 
>opportunity cost on the Aveo, there is depreciation (which Audi  
>owners are VERY familiar with - but OUR cars are already just about  
>fully depreciated), and then there are the intangibles - safety, 
>ride,  performance, comfort, support from THIS group, and so forth.
>
>Basically,  I'll want to see a lot more than numbers like the above 
>before I get rid of  my V8Q. Personally, I drive about 1,000 miles a 
>month, so why the heck  should I pay more money to drive a 
>significantly lesser car? Besides, I HATE  car payments, and I don't 
>ever want to have one again, as long as I live.  That alone is worth 
>something, and if part of the price of that is crawling  under the car 
>and getting dirty, hot and sweaty once in a while, well, I can  take a 
>shower for a lot less than $200.
>
>Now, if we want to buy a NICE  car, I've seen leases offered on entry 
>level WMBs (ugh) for $400 a month  (after cap cost fees, tag, tax, 
>title, blah, blah blah) and after 36 months  you have to give it back 
>- this is essentially just a long-term rental, and  you still have to 
>buy fuel. No thanks, I'm keeping my V8.
>
>Best  Regards,
>
>Mike Arman
>90 V8, not just a car, an  ADVENTURE!
>
>
>
>
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