I am interviewing for a new job next week that will require me to have a 75 mile commute each way. The driving doesn’t bother me as I average over 60K miles driving each year for my current job. Trying to figure out the best option for commuting. In my eyes I have 3 options. I keep going back and forth on which one would be best please give me some feedback!
Option #1
Buy a 2-4 year old Chevy Colorado Diesel
$30,000. 40K miles odometer 30mpg.
One vehicle to maintain/insure and use for commuting and recreation (towing camper and boat)
Option #2
Buy a 2-6 year old Hybrid Prius or Hyundai
$16-$22k 50-100 miles odometer 50mpg
Plus get a truck for recreation
$10-12k
Two vehicles to maintain/Insure
Option #3
Buy a beater with a heater late 90’s Corolla
$3-8K
30-35 mpg
Plus buy a pickup for recreation
$10-$12k
Two vehicles to maintain/Insure
We currently have no debt other than our mortgage and the mortgage for our rental. I have $10-12k cash to use towards this.
Option #1
Buy a 2-4 year old Chevy Colorado Diesel
$30,000. 40K miles odometer 30mpg.
One vehicle to maintain/insure and use for commuting and recreation (towing camper and boat)
Option #2
Buy a 2-6 year old Hybrid Prius or Hyundai
$16-$22k 50-100 miles odometer 50mpg
Plus get a truck for recreation
$10-12k
Two vehicles to maintain/Insure
Option #3
Buy a beater with a heater late 90’s Corolla
$3-8K
30-35 mpg
Plus buy a pickup for recreation
$10-$12k
Two vehicles to maintain/Insure
We currently have no debt other than our mortgage and the mortgage for our rental. I have $10-12k cash to use towards this.