With gas prices near $4 per gallon, it’s a rare motorist who isn't asking themselves 'should I upgrade to a more fuel efficient vehicle?' But before you can actually make the move, you'll need to look at the cost of your prospective new car, the trade-in value (or amount you still need to pay off) on your current car and the prospective gas savings from old car to new.
Autobytel's new calculator helps answer the "Should I Upgrade to a More Fuel Efficient Vehicle" question. The calculator takes your net out-of-pocket costs to upgrade to the new vehicle, divided by the total gas savings per year, to show you how many months it takes to break even.