Should We Switch to a More Fuel-Efficient Vehicle?

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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4 Responses

  1. LM says:

    We were able to save a ton due to DW commute being 30 miles round trip everyday and moving from a gas guzzler suv (18mpg) to a pre-loved Prius (46mpg).

    They were 7 and 8 years old respectively and we made an even trade so no acquisition costs for us. Which made the savings even more compelling.

    On a recent long range trip we averaged 56mpg!!!

  2. Great analysis. Sometimes the analysis is over before it even starts. We still drive a gas guzzler – don’t ask how we got it 😉 – but since we drive only very few miles (5-6K miles/year) it’s not really worth it to switch. We plan to drive our current car for a few more years and if more reasons accumulate (repairs and maintenance of an older car, gas prices, etc.) we will reconsider.

    • Hi! How did you end up with a gas guzzler!?! Just kidding, no judgment here. Overall, we drive very little as well. Sometimes I even forget that there’s a gas tank to fill. I’m okay with handling some repairs at this point. The biggest expense this year was replacing the alternator. We’re hoping to retire before our car so that we don’t have to spend on major repairs. Thanks for stopping by!

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