Aug 02, 2008
NYT: Ditch the Gas Guzzler? Well, Maybe Not Yet
02 Aug 2008
Posted by VAR
For you REALTOR-types who own the requisite gas-guzzling land yacht (suitable for schlepping customers hither and thither), here’s some advice from today’s YOUR MONEY column in the NYT:
Your neighbors may turn up their noses, but keeping your gas-guzzling sport utility vehicle, or buying one coming off a lease, may be a smart move….
….Given the plummeting demand for big vehicles and the rise in gas prices that is responsible for the market turmoil, it is probably tempting to ditch your own large vehicle and trade down to something smaller.
But many experts suggest sitting tight, for a variety of reasons.
Here are some questions to consider if you are tempted to get rid of your gas guzzler, and some tips for figuring out whether it may be more financially sensible to hang onto it for a little longer….
Complete story here.