Hybrid, Plug-in Hybrid, or Fully Electric Car - Which Should You Get?
This Kia Sorento plug-in hybrid is a great alternative to an all-electric car Gas prices are going up. But don’t just rush into getting a new car if you already have a car with a loan. If you have negative equity in your current car, keeping it might be the better financial decision. The longer you keep your current car, the less it will cost you in the long run versus trading it in. Also, if you own your current car outright, keeping it might save money in the long run. Too often, motorists look at short-term gains or just want to rid themselves of the emotional baggage of paying high gas prices. Like most commodities, gas prices fluctuate based on many local, seasonal, and global factors. Getting a new car with a loan means you will be paying $600 or more each month, every month for 3 - 5 years. Add the cost of that up and then compare it with your monthly gasoline expense. By the way, if you're considering a new car and the payment is around $1,000 per month or more...