Gas Crises? If You Have One of These Cars, Sell Now!

February 28th, 2012

Though our friends in England, Germany and Australia won’t take pity, word has it that gas prices in Los Angeles are quickly approaching $5 per gallon. That may not have put a dent in many celebs’ plans to drive their supercars to the Academy Awards last weekend, but that price is a huge budget-killer for most of us. (And a reason for some companies to ramp up their free gas campaigns!)

With no immediate signs of a retreat in prices through summer, it’s probably time to re-think your decision to buy that Suburban you thought was a good idea in 2009. Yes, that’s the last time gas dropped below $2 per gallon. If you took the bait and bought a new car back then thinking we were safe from high fuel prices, guess again. You should consider placing your fuel-chugging ride in the CarGurus used listings and sell before prices really explode. Especially if you drive one of these:

Chevrolet Suburban

At $5 per gallon, it’ll cost $150, every 400 miles or so, to fill up this family-hauling beast.

Jeep Grand Cherokee

A popular choice amongst the crowd that can’t afford Range Rovers, the Grand Cherokee’s value¬†proposition¬†drops considerably when the V8′s 13 miles per gallon gets factored into the monthly budget.

Jeep Wrangler Unlimited

Sorry, Jeep. I don’t mean to pick on a single brand, but the 4-door Wrangler gets beat in the MPG-department by the Hummer H3. Ouch.

BMW M5

Or M3. It really doesn’t matter. If you splurged for an M machine of any kind when lured by the tempting seductress of cheap gas, it’s time to part ways. Or just park your beauty in the garage for the summer. Looking at her doesn’t cost anything.

If gas hits $5 per gallon in your city, will you change the car you drive?

-tgriffith

Find Used Cars in Your Area at CarGurus

Used Chevrolet Suburban
Used Jeep Grand Cherokee
Used Land Rover Range Rover
Used Jeep Wrangler
Used Hummer H3
Used BMW M5
Used BMW M3

Be Sociable, Share!

  1. Randy
    | #1

    I’ve been looking at more fuel efficient vehicles to replace one of my paid-off gas hogs, and I’ve come to the conclusion that I can drive either of my little hoggies for less than it costs to buy one of these new cars even if gas hits $10 a gallon.

  1. No trackbacks yet.
You must be logged in to post a comment.