Edmunds.com has an interesting Gas-Guzzler Trade-in Calculator on its Web site. If you’re trying to decide whether it makes sense to keep your old SUV or trade it in, you can get your answer here. This is the site’s description:
Many people these days are thinking of trading in their SUV and buying a fuel-efficient car to cut fuel costs. Sure, they would save what seems like a bundle at the pump. But when you look at the big picture — total cash out of pocket — a very different situation is often revealed.
To bring this financial transition into sharper focus, Edmunds.com has created the Gas-Guzzler Trade-in Calculator. The calculator clearly reveals that there are many related costs whenever you switch from one car to another. And these costs take a long time to pay back even with the money saved on gas.