moawdtsi wrote:I should have been prepared for the bikes comment. Yes, I have bikes, I am biking to work tomorrow. I work at a coal fired power plant that is 4 miles away. But, there are days when riding to work is improbable due to icy, butt cold conditions. So, its not going to happen unless I am forced into it (shortages, etc.).
The reason I brought that up first is because even on a site like this, where the readers are aware of what is going to happen in the future and why, I estimate fewer than 1% would give serious consideration to moving close to their work and ride a bicycle. Let alone actually doing it! I have high praise for you moawdtsi; you are way ahead of the curve!
As far as trading one car in for a more "fuel efficient” one, I have some thoughts on that also having made decisions on car ownership based on that alone for about the last 30 years.
Your Honda Accord is only 2 years old, and gets 20mpg in the city. Is it paid off? How many miles do you drive a year, or could cut yourself down to? A general rule I have always found true, unless is car is a true lemon (and I’ve had one of those), it is always cheaper to keep it running than to go out and buy a new car. Honda’s are very reliable vehicles having owned a 79 Civic for 12 years. What’s the worse that could happen to it? The transmission crap out? (Maybe $1500). The engine blow (maybe $3000 to plug in a remanufactured engine). And I am assuming your not doing the work yourself.
Yeh it only gets 20mpg compared to the Prius’s high 40’s (what my friends at work tell me, nobody backs up the claim of 60mpg). The price I ‘ve seen here in Southern California is in the $20,000+ range. There is high demand. There are no discounts. I'm sure you will find the same where you live. Plus there are much increased registration and insurance costs to be added in.
I don’t how much gas is going for in your area, but I can still buy a lot of it for $20,000! Even if it gets up to $10 an American gallon as it currently is in Scotland. If you kept this vehicle 10 years it would not make up the difference in fuel savings compared to the Honda you now own. And how long do you think it will be before the SHTF with the oil supply? With what I know now, I would not bet 10 years (would be pleasantly surprised if it was!).
My best advice? Keep your Honda and ride your bike as much as possible.