I currently own a 2011 Chevy Silverado Z71. Truck has 49k miles on it and is in great condition. Current job has me not maximizing the trucks abilities (I don't off road anymore and no hauling)

My question is, do I keep the truck and continue to burn money with gas, or trade it in for a car/hybrid SUV? I want to keep the truck, but not sure it is the smartest financial decision at the moment. Just an FYI, I own the truck out right.

Thanks for the help and any recommendations on a vehicle to transition too.

This post was edited on 2/11/14 at 10:19 pm

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Posted by hendersonshands

Univ. of Louisiana Ragin Cajuns

Member since Oct 2007

160105 posts

Posted on 2/11/14 at 10:18 pm to zbeaux13

I went from a truck to a car. Keep the truck.

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Posted by Spankum

Miss-sippi

Member since Jan 2007

56074 posts

Posted on 2/11/14 at 10:20 pm to zbeaux13

well, a couple of questions come into play...

how much money would you save in gas annually?

what do you like to do in your spare time...i.e. do you needd a truck or would you miss your truck if you get rid of it?....

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Posted by shutterspeed

MS Gulf Coast

Member since May 2007

63424 posts

Posted on 2/11/14 at 10:21 pm to zbeaux13

I will buy your truck for free.

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Posted by zbeaux13

Margaritaville

Member since Feb 2014

21 posts

Posted on 2/11/14 at 10:23 pm to Spankum

quote:
well, a couple of questions come into play...

how much money would you save in gas annually?

what do you like to do in your spare time...i.e. do you needd a truck or would you miss your truck if you get rid of it?....

Well I project I will spend close to $3,800 a year on gas with my commute. Depending on the car I choose, will determine the amount of savings. I would absolutely miss my truck, but I don't need it.

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Posted by bossflossjr

The Great State of Louisiana

Member since Sep 2005

12262 posts

Posted on 2/11/14 at 10:27 pm to zbeaux13

Sell truck and buy a small compact/effecient car, save the money...add a little to it with the savings each month.

When you get ready to buy a truck, or another efficient vehicle, you will have the cash....keep that "vehicle fund" rolling your entire life, and you will never have a note - never have to sweat paying for repairs - never be in a situation where the vehicle has you concerned about whether you should own it or not.

do the same with your residence. you will live a very happy, content life....

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Posted by Spankum

Miss-sippi

Member since Jan 2007

56074 posts

Posted on 2/11/14 at 10:28 pm to zbeaux13

when gas was bumping on $4 per gallon, a few of my friends with long commutes actually bought small cars in addition to their trucks...believe it or not, the cars paid for themselves in fuel savings...they actually ended up better off having two vehicles than they were with a single truck...

fwiw, my philosophy is that if you own a house, you need a truck unless you pay someone to do pretty much everything outside (i.e. mowing the lawn, etc.)....

This post was edited on 2/11/14 at 10:32 pm

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Posted by tigerman03