Driving 50,000 miles a year....... - EquinoxForum.net: Chevy Equinox Forum
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post #1 of 14 (permalink) Old 09-15-2010, 07:14 PM Thread Starter
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Driving 50,000 miles a year.......

So I am a salesman for J&J and put on about 50,000 a year. The company does not provide us with a car so I have to use my own. We need to haul around a fair amount of surgical instruments/implants that we use during the surgeries. I am currently driving a 2007 Yukon Denali. I like the vehicle but it now has 110,000 miles on it. The dilemma I am having is what to do every few years when my vehicle hits 100,000. Should I keep it for another 100 or trade? The problem with trading is that every 3 years I will take at least a $10,000 hit from getting a new vehicle. The downside to keeping a vehicle for a longtime would be the potential of breaking down and possible costly repairs. I am currently looking at a Terrain as a replacement but am looking for advice as to what makes the most financial sense. Please post your experiences and opinions……..

Thanks,
Donny
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post #2 of 14 (permalink) Old 09-15-2010, 08:10 PM
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Re: Driving 50,000 miles a year.......

Only a $10,000 dollar hit..with those kinda miles? Are you serious?
I sure hope that J&J is paying you a very substancial yearly income...
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post #3 of 14 (permalink) Old 09-16-2010, 05:51 AM
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Re: Driving 50,000 miles a year.......

If you get a fixed allocation for gaz I would go with the I4. That will sure be a big change compare to a Yukon Denali! I also read somewhere that a Denali version of the Terrain is in the prep.

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post #4 of 14 (permalink) Old 09-16-2010, 08:56 AM
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Re: Driving 50,000 miles a year.......

Highway miles are SUPER easy on a vehicle. Im betting you could get up to 300k miles on that Yukon before you needed to do anything to it.

However, without knowing if you get to write off the miles and get paid a stipend for fuel, I cant really suggest anything.

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post #5 of 14 (permalink) Old 09-16-2010, 01:24 PM Thread Starter
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Re: Driving 50,000 miles a year.......

Get to write off the mileage but do not get reimbursed for fuel. So technically whether I get 5 or 50 MPG I get to deduct the same amount when you take the Standard mileage reimbursement rate set by the IRS. Very true that highway miles are easier on a vehicle however, i have had quite a few problems with the Denali.
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post #6 of 14 (permalink) Old 09-16-2010, 03:13 PM
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Re: Driving 50,000 miles a year.......

From what I remember of this scenario, you can take the standard mileage deduction or you can keep track of actual cost incurred whichever is more to your advantage. If you were being reimbursed for travel expenses from your company you could not legally claim mileage or actual cost as that would be considered double dipping.

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post #7 of 14 (permalink) Old 09-16-2010, 05:42 PM
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Re: Driving 50,000 miles a year.......

Hmmm, Ill ask my wife about this. She is a tax preparer and IIRC, it really does depend on the miles you drive which is better for you.

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post #8 of 14 (permalink) Old 09-16-2010, 05:59 PM
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Re: Driving 50,000 miles a year.......

With proper care and maintenance there is no reason at all to not get X00,000 miles on a new car. The MPG on the Nox/Terrain will def leave you with some more money in your pocket each year and if you are using it to commute just like I am the I4 is a no brainer. My personal opinion is there is no reason to have the V6 unless you need the extra GVWR. There is not one second I regret having the I4 AWD or ever wished I had the V6 and I drive alot (38-40k a year). ECO mode bogs you down slightly but there is no issues passing people on the highway and thats at speeds around 70-85mph, not 15-20 mph. If you need proof of that come see me going to work on the parkway and Ill put all doubts of the I4 behind you haha.

To sum it up in my point of view when compared to the Yukon:
I4 - best for long commutes, less $$ compared to a equally equipped V6
V6 - better for long commutes, best for hauling, more money then I4

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post #9 of 14 (permalink) Old 09-17-2010, 11:29 AM
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Re: Driving 50,000 miles a year.......

For that much driving at your expense (I understand you take the depreciation hit, you just write off the mileage) I would never drive a new vehicle.
Get something used and cheap, possibly a diesel to save on gas and maintenance... Also some parameters should be what major service involves i.e. timing belt, water pump,etc.. (at that rate in 2-3 years you have the mileage)

Any car with good maintenance will easily see 350k before any work.. I would seriously look at a lease return or rental return and drive it until the wheels come off.


Best luck in your selection, post pictures when you get the car (whatever that is!)

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post #10 of 14 (permalink) Old 09-19-2010, 06:11 PM
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Re: Driving 50,000 miles a year.......

Have you considered a diesel? I just bought a new Volkswagen Jetta diesel and I am loving it. I am getting an honest 43 mpg (90% highway, 10% city) and I expect that to go up 3-4 mpg as it breaks in. They also make a wagon... that would give you some room for your supplies.
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