Originally Posted by Sonic04Edge
Okay so I did some more math to figure out how long it would take me to start truly saving money with this car after the purchase.
This is if I drove one of my other vehicles
3000k miles a month avg
200gal of gas a month
= $600 a month in gas. In 3 months I spent what I paid for the bmw.
Now comparing the bmw.
3000k miles a month avg
= $300 a month in gas
Cuts the gas bill in half. It would take me roughly 5.5 months to recoup what I paid for the bmw. Anything after that it will save me $300 a month in gas. Which is a savings of $1,800 in the first year. Now if my commuting did happen to stay the same say for another year. That would save me $5,400 in the first 2 years of owning the car. Now given some of that savings will have to go to normal upkeep and what not, but that's still a decent chunk of change that would remain in my pocket. On top of that it will allow me to keep miles primarily off the ranger as it was my primary transportation until I got the bmw. So that saves me 36,000 miles on it. Which if I did drive it would put the ranger over 100k miles in a year. It is currently at 70k right now. Which saves me from potential costly repairs on it.
Which another reason I bring up why a 30mpg will allow me to earn more money when I go back to dominos doing delivery. When I was working there last. We were getting $1.16 a delivery in gas reimbursement. One delivery could be anywhere from 1-2 miles or up to an 18 mile round trip depending on where we went and at close to $3.00 a gallon. It doesn't take much math to figure up the savings.
However we will do a little more math.
at 15mpg that is 6.6gal of gas
I would end up having to pay money driving the ranger at work.
at 30mpg its 3.3gal of gas
I would roughly break even. Which means I dont pay out of pocket. However there are plenty of nights where I do more or less in miles. However driving the bmw I dont lose anything. Driving the ranger it starts effecting my income. Now I have had nights where I have only taken 10 deliveries and driven like 40 miles. So you see why if you really want to make money in deliver you drive something that gets good gas mileage.
If I did this exact avg 5 nights a week. In one month I would save $176 by driving the bmw vs the ranger.
Now I know some are probably thinking. Why bother doing delivery? Well I will put it this way. Doing delivery in my area you make minimum wage+tips. I can literally make 2-3 times what I would working at minimum wage job or one that makes $9-10 an hour. Which without a college education around here. Your going to be stuck with maybe at most a $9 an hour job. Anyway that concludes this math lesson lol.
my asessment: Mike, i consider you a friend, which is why i feel confident that you wont get upset when i say this/ask these next few questions.. In no way do i say this offensively.
Perhaps it may be wise to get rid of a vehicle, or 2. When it comes to the point that you have to buy ANOTHER car to get good gas mileage when you already own so many, its probably time to throw in the towel with at least one.
Point # 2, you said "when i go back to work as a pizza delivery guy". I'm sure that i'm not the only one here wondering why you would put that much work into the economical workings of delivering pizzas? Since you're out of work, wouldnt it be time to beef up the 'ol resume in hopes of aspiring to a full time job? I'm fairly confident that dominoe's wont even come close to covering the insurance on all off your vehicles, let alone the payments/food/bills/whatever else you have on your plate.
Again, in no way was this intended to be an attack on you. Simply suggestions/questions that were on my mind.