As the price of gasoline continues to rise, the question often arises as to whether it makes financial sense to trade-in a 'gas guzzler' for a more fuel-efficient vehicle. Several factors will impact that decision, including the cost of the new vehicle, the number of miles you drive and the cost of fuel. You can calculate your monthly fuel savings based on your current miles per gallon, miles driven per month and cost of fuel. Then you can estimate how much you will save by purchasing a more fuel efficient vehicle and when you will breakeven on the fuel efficient vehicle purchase.
Gas Mileage Savings with a Fuel Efficient Vehicle
Gas Mileage Savings with a Fuel Efficient Vehicle
Fuel Efficient Vehicle |
Gas Guzzling Vehicle |
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Fuel Efficient Vehicle | Gas Guzzling Vehicle | |
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Monthly Gas Cost |
This calculator is intended for informational purposes only and is considered an estimate. The accuracy of this calculator is not guaranteed by General Electric Credit Union (GECU). The calculator and its results do not constitute the advice of, or reflect actual products, services, rates, and/or terms available. Nothing contained in the calculator shall constitute an offer or solicitation of a product or service by GECU. This calculator is not intended to offer any tax, legal, financial, or investment advice. Please consult with qualified advisors to discuss your specific needs.