I commute 26,000 miles annually, driving 2 days a week with a 250-mile round trip each time. My current vehicle, a 2001 suv, gets 19 miles per gallon on the highway. Gas prices in my area are currently at $5.50 per gallon, with a low of $4.10 over the past two years.
At the current gas price of $5.50 per gallon, my monthly gas expenses for commuting total approximately $630. I've been pre-approved through Capital One for an EV, with monthly payments of $500 over 48 months for a $20,000 model and around $630 for a $30,000 model.
Interestingly, the car payment for the EV is less than what I currently spend on gas. Additionally, my workplace provides free charging for electric vehicles, so I wouldn't have any electricity costs for charging the EV.
Regarding the bonus question, Carvana offered to pay approximately 60% of the selling price for the EVs (around $12,000 for the $20,000 EV and $18,000 for the $30,000 EV), and about 75% of the selling price for Civics (around $15,000 for a $20,000 Civic). Should I consider this when purchasing a used car?
Submitted April 21, 2024 at 01:13AM by Aeig https://ift.tt/OkTgteC
