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Ford Explorer
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Here are some more information for Ford Explorer:
You've seen the headlines: SUVs and trucks collecting dust on dealer lots; sales of small cars hitting the big time. Even if gas prices aren't as bad as they seem, there's something about feeling the pain on a weekly basis that's causing panic -- and a consequent surge in trading down to more sensible cars.
But if there's a guzzler in your driveway now, is swapping rides financially wise? Based on a specific example we set up, the answer could very well be Yes.
Let's say you own the hottest SUV of five years ago, a 2003 Ford Explorer. If you drive 12,000 miles annually and gas stays at $4, feeding this 16 MPG Ford for five more years would ring up a whopping $15,000 bill. Let's suppose it also racks up $1,000 in repairs (hey, it's old), and that in the end, you sell it for its eventual bluebook value of $5,200. That brings its total five-year cost to $10,800.
Now let's see what happens if you instead upgrade to a brand new Ford Focus. Your first move: dumping your old Explorer for its present-day value of $9,300. Then you go out and buy the Focus for $16,000 -- partly using the $9,300 cash you just got, then financing the remaining $6,700 at 7% over 3 years, which amounts to $747 in interest. This fuel bill for this miserly 28 MPG Focus would come to a modest $8,571 over five years, after which you'd sell it for $6,700. All in all, the total five-year cost comes to $9,318.
Option A: Keep Explorer (Expenses)
- Gas ($15,000)
- Repairs ($1,000)
- Resell Price (-$5,200)
- Total ($10,800)
Option B: Buy New Focus (Expenses)
- Explorer Sale (-$9,300)
- Purchase ($16,000)
- Interest ($747)
- Gas ($8,571)
- Resell Price (-$6,700)
- Total $9,318
Admittedly, many of these numbers were derived from estimates and assumptions. Changing even one variable can make a profound difference, i.e. financing the entire purchase price of the Focus (over four years) would jack up interest payments from $747 to $2,390. Still, our scenario sure illustrates how the cost of fuel can now account for a lion's share of expenses -- enough, in this case, to turn the tide in the Focus's favor.
Even if the numbers were in a dead heat, ask yourself: would you rather sentence yourself to a slow-witted truck on its last legs, or drive off in a shiny new set of wheels backed by a full warranty?
I'm a writer for vLane.com, so I write a lot about cars and other vehicles. You can see the original source for this blog and my other stories at http://vlane.com/blogs_article/80/ditch-your-guzzler-for-compact-car
Ford Explorer Problems - Learn About Ford Explorer Problems
The Ford Explorer is a great vehicle, but like any automobile, it does have its problems. Read this article to learn more about Ford Explorer Problems. If you already drive a Ford Explorer or are looking to buy or lease one, you should consider getting a Ford Explorer Extended Warranty. It only takes seconds to request a free quote and it you could save thousands of dollars in the future.
Click Here to Receive a FREE Ford Explorer Extended Warranty Quote Online
Many people may wonder: I have not had any problems with my Ford Explorer so far. Do I really need an Extended Warranty? The answer is simple - Yes. Every Ford vehicle on the road is open to the possibility of having a mechanical failure. The older your Ford Explorer gets and the more miles that are put on it, the more likely it is that problems occur. Unfortunately, Ford's warranty is only there to protect you for a limited amount of time. Components such as computer-related items may fail regardless of your driving habits and with the complexity of vehicles today one major repair often costs more than an extended warranty itself. An extended warranty will be there for you when you need it the most once the manufacturer is no longer there to protect you from high repair costs. If you drive a Ford Explorer, you owe it to yourself to look at purchasing an extended warranty from the link below:
** Click Here to Get A FREE Quote for a Ford Explorer Extended Warranty **
The Ford Explorer has an above average safety record and is quite reliable. However, most vehicles will run into problems with either the engine, transmission, brakes, steering or electronics. Don't be faced with hair repair costs - get a free extended warranty quote for a Ford Explorer now!
Click Here to Receive a FREE Ford Explorer Extended Warranty Quote Online
About the Author
With the engine running My Ford Explorer will no longer accelerate. What could the problem be?
2004 Ford Explorer with V6. This truck has no accelerator cable. It is electronic. The accelerator stopped working while driving. The engine stayed idling after pulling off the road. When i turned the engine off it would not start.
soundfs like computer problems
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