# Don't buy a new car to get better gas mileage **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [January 11, 2008, 9:32am UTC](https://forums.speedlife.net/t/dont-buy-a-new-car-to-get-better-gas-mileage/41637 "2008-01-11T09:32:09Z")\ **Posts on this page:** 1\ **Showing post:** 44
**Author:** ![Dlucas](https://avatars.discourse-cdn.com/v4/letter/d/c77e96/32.png) [@Dlucas](https://forums.speedlife.net/u/Dlucas)\ **Post date:** [January 11, 2008, 1:12pm UTC](https://forums.speedlife.net/t/dont-buy-a-new-car-to-get-better-gas-mileage/41637/44 "2008-01-11T13:12:09Z")
> [@Joe](#): > > :picard: 0 equity \> negative equity, which is what you usually end up with if you buy a new car and are looking for lease type payments. > For example, my truck stickered for 41k. I put 0 down, leased for 3 years @ $330 a month. At the end of my lease, I will have spent a total of $11880 on payments, minus the interest income I have on that money chilling in my bank account at 5%, instead of being long gone. Say 11,000 to be very conservative. It’s actually a good deal lower than that. > At the end, instead of trying to go to 800 different places to haggle on trade in values and still getting shafted, I drop it off and negotiate from scratch. Any interest paid on a car note notwithstanding, show me where I’d be able to get 30k on trade for my truck in 3 years and I’d be damn impressed. > > For that matter, show me ANY $40,000 car, new or used, that I could drive around for 3 years without coming up with any money up front, for less than $11,000, and how. I dare you. > > I’ll save my equity for appreciating assets, thanks. Thank you for basically suming everything I’ve said in this thread in one post. :tup: If you finance a car over $40,000, you’re a fucking idiot. (assuming you put little to nothing down) --- _[View the full topic](https://forums.speedlife.net/t/dont-buy-a-new-car-to-get-better-gas-mileage/41637)._