Does it make sense to buy an econobox car for the high gas prices, or will that cost more in the long run?
Last time gas prices reached an all time high under Biden in 22', I actually bought an economy for beater so I could still get around without breaking the bank. I ended up trading the car for a slightly newer, "better" economy car in 23', then i ended up selling that one outright in 24' because gas prices went back down and I didnt need the car anymore.
Well, now that prices continue to climb up to the $6 mark, I more and more kick myself for selling those compacts a few years ago. Should I buy another one now? Or is that financially stupid? Will i save more in the long run if I drop $800-1000 now on an eco-beater that gets 30mpg, or will it be cheaper to just keep paying $60-70 at the pump every week until the war is over? Thoughts?