Is it worth trading in your gas guzzler?

Gas Guzzler for Gas Sipper

You would like to save money on gas so you're considering trading in your gas guzzler for a more fuel efficient car. This calculator shows how long will it take before you pay off the balance of a vehicle purchase and really begin saving money.

Select the new or used fuel-efficient vehicle you would like to purchase. Edmunds will provide the True Market Value^® price and MPG for the vehicle you select. Manufacturer incentives are not included.

Specify:	New Used
Model Year:
Vehicle Make:
Vehicle Model:

Style:

Zip Code:
Fuel-Efficient Vehicle Sales Price (includes typical options):	+

Select your vehicle as a trade-in. Edmunds will provide the True Market Value price and MPG for your vehicle.

Model Year:
Vehicle Make:
Vehicle Model:

Style:

My Trade-In Value (includes typical options):	-
Cost of Fuel-Efficient Car Minus Trade-In:
MPG of Fuel-Efficient Vehicle:
MPG of My Trade-In:
Number of Miles Driven per Month:
Price of Gas:
Amount Saved on Gas (per month):
Number of months to breakeven and begin saving money on gas:

Note: Based on the EPA's MPG data and assuming 45% highway driving and 55% city driving. MPG data for model years 2007 and prior have been adjusted downward to reflect the EPA's new testing methodology adopted for 2008 model year vehicles.

If you have selected a vehicle and entered your ZIP Code, we pre-populate each variable field in the Financial Calculators with our estimates. These amounts are based on Edmunds.com True Market Value® prices and standard industry data, but the values that apply to your purchase or lease are likely to vary. When available, you should use the information provided to you by your dealer or lender.