Should I Trade-in My Car
It's hard to know whether it makes sense to trade-in your current car for something more fuel-efficient. This tool can help you balance your financial and emotional tradeoffs to make a more informed decision.
Select from KBB's List of Fuel-Efficient Choices
Select a Car
smart fortwo
Toyota Yaris
MINI Cooper
Honda Fit
Scion xD
Kia Rio
Nissan Versa
Hyundai Accent
Chevrolet Aveo
Toyota Prius
Honda Civic Hybrid
Toyota Corolla
Honda Civic
Nissan Sentra
Hyundai Elantra
Ford Focus
Toyota Camry Hybrid
Nissan Altima Hybrid
Chevrolet Malibu Hybrid
Saturn Aura Hybrid
Nissan Altima
Chevrolet Malibu
Honda Accord
Saturn Aura
Toyota Camry
Hyundai Sonata
Kia Optima
Chrysler Sebring
Dodge Avenger
Ford Escape Hybrid
Saturn VUE Hybrid
Toyota Highlander Hybrid
Lexus RX 400h
Chevrolet Tahoe Hybrid
NEXT
BACK
How Much Extra Are You Willing to Pay to Drive a New Car and
Be More Green?
Extra Amount:
$
(per month)
OR
I'll sacrifice:
(select as many as apply)
1 Movie Night with Snacks:
$25/month
1 Premium Coffee Each Weekday:
$90/Month
1 Dinner Out with Drinks:
$70/Month
2 CDs or Book Purchases:
$35/Month
Step 2: Fuel Efficient Car
Your selected vehicle information will display here.
Financial Impact
Up Front Costs:
(To buy this new car using your current car as a trade-in)
$0.00
Monthly Fuel Savings:
(For your driving patterns, comparing the cars you chose)
$0.00
Time Until You Financially Break-Even:
(The time for your fuel cost savings to pay for this transaction)
-
Time Until You Emotionally Break-Even:
(Factors in the extra amount you're willing to pay for a new green car)
-
Not applicable (given the value and fuel economy of the cars you specified, break-even analysis does not apply).
Barrels of Oil Saved Per Year
Did you know?
1 barrel of oil produces 19.6 gallons of gas in the U.S.
Metric Tons of CO2 Saved Per Year
Did you know?
1 U.S. gallon of gasoline produces about 8.8 kilograms
of carbon dioxide when consumed (just less than 1% of a metric ton).
This tool provides a high-level view of the financial and emotional considerations of trading in an existing vehicle for a new, fuel-efficient vehicle. Car valuations are based on Kelley Blue Book® Trade-in Values and New Car Blue BookŪ Prices. MPG values are provided by the vehicle manufacturers. Monthly Fuel Savings calculations assume 55% highway driving and 45% city driving. The EPA changed its methods for calculating MPG in model year 2008. For cars prior to model year 2008, MPG figures are adjusted downward to reflect this new methodology. Several of the cars in "KBB's List of Fuel Efficient Choices" are eligible for federal income tax credits in 2008. If you select one of these vehicles, the tax credit amount shown in red will be factored into the Break Even calculations. It will not be factored into the Up Front Costs calculation. Please note that sales tax, DMV registration fee, and insurance costs are not taken into account in the calculation.