Ok after looking at the truck market going wild and saving our economy article I figured I would run some numbers based on the most fuel ineficient truck I could find for a resonable cost.

I picked this 2004 Ford Expedition. Why? Its relatively affordable and it is based on an actual truck.... Here is the link and asking price of 6900bux. 2k4 Expedition

So lets break this down.

1 - cost of vehicle 6900

2 - miles on vehicle? 98K

3 - MPG 12City 16Highway 13 combined. Link

4 - Cost to insure. 173bux a month with highest rates single vehicle with a new driver (wife) First online quote from progressive.

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5 - Projected miles per year. 6,000

6 - gasoline prices. $4.03/gallon

7 - projected repairs and maintenance $1000/year

Total cost to own this vehicle for 5 years, assuming vehicle has no resale value at all. = 31580

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Cost Break Downs.

Vehicle + maintenance = 11900

Insurance = 10380

Gasoline = 1860/year 9300/5years

Now lets compare this with a toyota prius v.

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Cost to purchase midrange model. = $28,325 - 6900 down payment = 384.98/month at 3%.

1 - Actual cost of vehicle (No taxes) 29998.8

2 - miles on vehicle? 0

3 - MPG 44City 40Highway as per toyota, ill average it as 42mpg.

4 - Cost to insure. 209.21 bux a month with highest rates single vehicle with a new driver (wife) First online quote from progressive.

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5 - Projected miles per year. 6,000

6 - gasoline prices. $4.03/gallon

7 - projected repairs and maintenance $500/year

Total cost to own this vehicle for 5 years, assuming 50% loss of value.

Vehicle + maintenance - 1/2 resale value = 17499.4

Insurance = 12552.6

Gasoline = 575.72/year 2878.57/5years

Actual out of pocket cost to have this prius for 5 years? 32930.57

The actual cost breakdown is not so different, however if you factor that most people already own the gass guzzler, and they want to switch to a more economical car because they have a gas guzler, in the end it will cost them more, significantly more, the prius you cannot do that because you have a bank loan, and the bank wants its investment protected you do not own until the final payment. I was generous with the prius, and harsh on the expedition. However I can say this, the expedition is a 10 year old truck based on a working class chassis and drivetrain that is known to withstand 300k under the harshest conditions, and the prius is not. And in either case it would take at least 6 years at a constant rate of ownership of the prius to break even with the expedition.

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What are your thoughts on the subject?