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Old 11-09-2011, 08:46 AM   #1
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high mpg vehicle worth it?

Anyone know anything about the Mitsubishi Mirage? Just got offered one in trade, and I could use a good MPG car. This is a 1995. the website fueleconomy.gov says 35mpg highway. Owner claims he gets over 40mpg. Sure would be a nice change from my 15mpg in the jeep, consider I commute a little over 90 miles a day round trip and am spending $500 a month in fuel alone.

The trade value makes this car about a $700 investment for me.

Insuring it would be about $40 a month I'm guessing? I don't know what associated other costs would be involved with it per month... I would assume a quart of oil a month and an oil change maybe every 2 months.

I'd probably still drive my jeep on the weekends and snowy days. So I wouldn't be eliminating the full $500 a month I'm spending now. However, I would be significantly reducing the nearly 2500 miles per month I'm putting on the jeep now, and that depreciation has to count for something.

Anybody care to help figure out if this is a worthwhile cash saving endeavour?
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Old 11-09-2011, 08:54 AM   #2
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Re: high mpg vehicle worth it?

My brother has one. Seems to be a decent car.

He had some problems with the water pump and radiator but i fixed those easily for him, did the water pump in the middle of the night actually lol.

I am sure it has great MPG as it had no power at all lol.

I would say drive it around a little and make sure you wouldnt mind driving it every day, it is a little small and not the most comfy car to be in for a long time.
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Old 11-09-2011, 09:12 AM   #3
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Re: high mpg vehicle worth it?

Part of me is tempted to pick up a car for good fuel economy, but I can't justify having 3 vehicles. I'm thinking about picking up a bike though. I figure after a couple years the bike will pay for itself in fuel savings.
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Old 11-09-2011, 11:05 AM   #4
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Re: high mpg vehicle worth it?

Experience tells me a 15 year plus vehicle, regardless of consumer reports and other peoples experience, will have issues simply due to it's age. I have a 1996 Ford Escort for a beater and it works fine, but I would not take it on an extended trip without a significant amount of rehab.
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Old 11-09-2011, 11:45 AM   #5
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Re: high mpg vehicle worth it?

Get a Geo Metro 3 cylinder, you'll get all the gas mileage you want.
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Old 11-09-2011, 11:48 AM   #6
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Re: high mpg vehicle worth it?

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Insuring it would be about $40 a month I'm guessing?
Really? Full coverage on our '06 liberty is that much. If i were to add a junker like that with liability only my insurance would only go up around $5-10/month.
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Old 11-09-2011, 12:07 PM   #7
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Re: high mpg vehicle worth it?

I just bought a chevy cruze eco to replace my accord. My accord got about 28 and my cruze is getting around 40. That for my 80 mile round trip will save me about $50 a month in gas. The savings is nice, but it is hard to justify just going out and buying a car for the gas savings because it would have to be driven a long time for it to truly pay for itself. My friend has a 07 silverado that is diesel and it might be worth it for him because he is getting 18 mpg and driving the same mileage I am. If he got 40 mpg then he would be saving close to $230 a month which would make sense. Because you would be taking this car in on trade you have to figure out what you would value your trade at. I saw $700 listed up there. If you saved $50 a month in gas then it would take you 14 months for the car to pay for itself. That isn't bad but if it was $2,500 then it might not be worth it because you would just be breaking even. If it is in good shape and is reliable then I'd go for it if you want some gas savings. If you change your mind just about any car that runs is worth $700 so it shouldn't be hard to sell it.
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Old 11-09-2011, 12:12 PM   #8
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Re: high mpg vehicle worth it?

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Really? Full coverage on our '06 liberty is that much. If i were to add a junker like that with liability only my insurance would only go up around $5-10/month.
Michigan is a no fault state. Our rates are way higher than yours out there. Full coverage on my jeep is about $115 a month. Liability only is usually about 1/3rd or so
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Old 11-09-2011, 12:19 PM   #9
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Re: high mpg vehicle worth it?

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I just bought a chevy cruze eco to replace my accord. My accord got about 28 and my cruze is getting around 40. That for my 80 mile round trip will save me about $50 a month in gas. The savings is nice, but it is hard to justify just going out and buying a car for the gas savings because it would have to be driven a long time for it to truly pay for itself. My friend has a 07 silverado that is diesel and it might be worth it for him because he is getting 18 mpg and driving the same mileage I am. If he got 40 mpg then he would be saving close to $230 a month which would make sense. Because you would be taking this car in on trade you have to figure out what you would value your trade at. I saw $700 listed up there. If you saved $50 a month in gas then it would take you 14 months for the car to pay for itself. That isn't bad but if it was $2,500 then it might not be worth it because you would just be breaking even. If it is in good shape and is reliable then I'd go for it if you want some gas savings. If you change your mind just about any car that runs is worth $700 so it shouldn't be hard to sell it.
yeah, my trade to him would be worth about $700. The drop in gas expenditure (using 35mpg as a baseline) would be about $12 per work day. Assuming 21.67 work days per month (52 weeks x 5 days / 12 months) the savings come to $260 per month. Add back in insurance and maintenance, and figuring there's holidays during the year that will change the number of days I'm at work and it's around $200 savings per month.

Now subtract off the depreciation on my jeep that's no longer happening (at roughly 2000 miles per month counting work days only) and the savings go back up, though I am not sure to where. Anyone know how to figure this?

So the car should pay for itself in 3-4 months. After that, it's recovering $ for me.

Sound right?
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Old 11-09-2011, 12:37 PM   #10
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Re: high mpg vehicle worth it?

If it will really save you that much money and you don't mind driving the car I'd do it in a heartbeat, but that just might be me.
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Old 11-09-2011, 12:59 PM   #11
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Re: high mpg vehicle worth it?

I bought a 97 civic in May for better fuel economy, ended up selling it by July.



LOVED the car, just couldn't get used to driving such a small vehicle. I've been driving my truck since '04 and just couldn't adjust.
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Old 11-09-2011, 01:11 PM   #12
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Re: high mpg vehicle worth it?

I had a 1990 Dodge Colt (rebadged Mirage), and my parents have a 2001 Mirage. Both are underpowered ****boxes. Keep in mind that merging into traffic is dangerous as the Mirage has no power whatsoever. Neither one got over 30mpg. My bigger Olds Alero has almost twice the power and gets 32-33mpg. They don't call them $hitsubishis for nothing.
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Old 11-09-2011, 01:22 PM   #13
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Re: high mpg vehicle worth it?

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Get a Geo Metro 3 cylinder, you'll get all the gas mileage you want.
the problem is theyre expensive! around here at least (and for what they are). My dad has one though, and they actually run well enough. Hes having trouble getting his to do the mileage its supposed to though. Hew working on tuning it up right now.
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Old 11-09-2011, 02:33 PM   #14
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Re: high mpg vehicle worth it?

There's a reason Mitsubishi is struggling. The Mirage is one of the ultimate "disposable cars". I'm guessing finding parts for an older one is a bitch, they're definitely not very safe, and from the reviews on here, fuel mileage for such a small/powerless car isn't very good.
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Old 11-09-2011, 07:47 PM   #15
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Re: high mpg vehicle worth it?

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There's a reason Mitsubishi is struggling. The Mirage is one of the ultimate "disposable cars". I'm guessing finding parts for an older one is a bitch, they're definitely not very safe, and from the reviews on here, fuel mileage for such a small/powerless car isn't very good.
My work had a 2011 Galant I had to move last week and I couldnt believe ANYONE would still build let along buy such a POS in this day!, horrible in every way but for all I know- super reliable?

I bought my Civic for similar reasons, paid 1,200 for it 4 years ago, all it's cost me is 2 tires and an altnator. I go from 18MPG in the GTO to 41 on a recent trip and never any short of 33 city.

I do alot of miles, park on a campus, and lots of traffic. For the winters I park the GTO and my fuel bill gets cut 50%!

I like it, but when it's time to trade up I'll probably buy a small truck. Needs have changed.
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