You currently drive 288 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for $15,000 (after trade-in on your current car) that gets 48 miles per gallon. Insurance premiums for the new and old car are $800 and $600 per year, respectively. You anticipate spending $1000 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a

Question

You currently drive 288 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for $15,000 (after trade-in on your current car) that gets 48 miles per gallon. Insurance premiums for the new and old car are $800 and $600 per year, respectively. You anticipate spending $1000 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a
five-year period, is it less expensive to keep your old car or buy the new car? By how much?

jessica_777444 · Accepted Answer

bro we just gonna have to take this F because aint nobody giving us the answers