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Old 02-13-2019, 06:15 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,968 posts, read 52,436,627 times
Reputation: 29828

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There are far more reasons to buy a particular vehicle than the gas mileage. That amount, $22.50/month is nickels and dimes. There is the sound, power, roominess, looks, reliability, safety. My 385 horsepower 5.0 V8 truck gets 15/21, while the same truck with the little 2.7 6 cylinder gets 20/26, not worth it for the difference.
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Old 02-13-2019, 06:20 PM
 
1,985 posts, read 716,344 times
Reputation: 3836
$270 a year might actually be $410 a year.
i have earn $4.10 to have $2.70 due to federal and state taxes.
still...$410 a year is not a "deal breaker" in my opinion.
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Old 02-13-2019, 07:18 PM
 
38,317 posts, read 39,583,497 times
Reputation: 15518
Quote:
Originally Posted by Quietude View Post
Can the Lexus use regular? Many cars can use either grade, with some performance/mileage variations.

I had supercharged Regal GS that used premium but ran fine with regular. The MPG difference negated nearly all the savings making it pointless.
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Old 02-13-2019, 07:22 PM
 
38,317 posts, read 39,583,497 times
Reputation: 15518
Quote:
Originally Posted by Hemlock140 View Post
$22.50/month is nickels and dimes.

Nickels and dimes add up to dollars. If you are considering things like this with all your purchases it can add up to a lot.
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Old 02-13-2019, 07:24 PM
 
Location: Columbia SC
8,447 posts, read 7,198,765 times
Reputation: 11378
Quote:
Originally Posted by Marchwagon View Post
I was looking at a 2004 ES Lexus with 20mpg for city and 2002 Corolla with 32mpg for city. I calculated (taking into account premium gas price for Lexus) for 10 miles per day or 300 miles per month and it turned out to be $22.50 difference per month. (Corolla being $22.50 per month and Lexus being $45.00 per month)

Is it worth driving a Lexus rather than Corolla for $22.50 more per month? '

Turns out to be $270 per year and $1080 per every 4 years.
$0.70 or 70 pennies a day. Is that difference meaningful in your life? If yes, thean look for a car cheaper than the Toyota.
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Old 02-13-2019, 08:27 PM
Status: "Love one another." (set 5 hours ago)
 
Location: Here and now.
11,913 posts, read 3,355,456 times
Reputation: 12791
Quote:
Originally Posted by Marchwagon View Post
Purchase price is $2700 for the Lexus and $1500 for Corolla. I've heard both have low maintenance costs. Not sure about insurance and registration.
Check the cost of insurance first. It's likely to matter more, in terms of money, if you drive as little as you claim to.
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Old 02-13-2019, 10:26 PM
 
Location: Alexander Archipelago
3,102 posts, read 1,681,785 times
Reputation: 3118
Quote:
Originally Posted by Marchwagon View Post
Is it worth driving a Lexus rather than Corolla for $22.50 more per month? '
No. Buy the cheaper car with better mileage for your short commute.
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Old 02-13-2019, 11:53 PM
 
13,938 posts, read 23,401,749 times
Reputation: 19144
Quote:
Originally Posted by Marchwagon View Post
I was looking at a 2004 ES Lexus with 20mpg for city and 2002 Corolla with 32mpg for city. I calculated (taking into account premium gas price for Lexus) for 10 miles per day or 300 miles per month and it turned out to be $22.50 difference per month. (Corolla being $22.50 per month and Lexus being $45.00 per month)

Is it worth driving a Lexus rather than Corolla for $22.50 more per month? '

Turns out to be $270 per year and $1080 per every 4 years.

I am a retired fleet manager and I have had Toyotas and Lexuses in the fleet over the years.

You are missing a lot of the costs. The gas is only one of them. Maintenance on Lexus products generally is more expensive as the parts cost more. In addition, most Toyotas are cheaper to insure than are Lexus.

Whichever vehicle you are going to purchase - vehicles that are 13-15 years old, you had better have a good INDEPENDENT mechanic check out the vehicles. Toyotas and Lexuses that have not been properly maintained over the years can be real money pits.
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Old 02-14-2019, 11:00 AM
 
Location: East Cobb, GA
938 posts, read 406,775 times
Reputation: 1399
Youíre better off just driving the Lexus into the ground, and when itís time to get a new car, buy something smaller then.
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Old 02-14-2019, 11:23 AM
 
Location: Eastern NC
18,912 posts, read 17,221,178 times
Reputation: 16648
Quote:
Originally Posted by Marchwagon View Post
Purchase price is $2700 for the Lexus and $1500 for Corolla. I've heard both have low maintenance costs. Not sure about insurance and registration.

Buy which ever car has been taken care of better. A Lexus not taken care of will cost much more than a Corolla not taken care of. Also you are talking about a difference of $1200 not just $22 as you previously mentioned.
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