Fox Business wants you to keep your trucks
Finding yourself stuck in a truck? Gas guzzling got you down? You are certainly not alone. Though the most obvious thing to do would be to ditch the fuel-inefficient vehicle for a cheaper to run model, Fox Business has other ideas. Keep in mind that the current value of pickups, especially full-sizers, has dropped nearly as dramatically as the fuel prices have risen, so you're not likely to get what you owe, assuming you are still making payments. That's why getting out from under your purchase could end up costing you more than its worth.
If you're stuck with a gas-hog, what are your money-saving options? Umm... drive less. No, seriously. Consider public transportation and carpooling if possible. Ride your bike when its practical and even *gasp* walk. Of course, it's not always possible to walk or ride a bike to get where we need to go. Fox ends by suggesting a scooter as a second vehicle. It's worked out for lots of people already, but be sure to count that cost too before making any rash decisions. We're cycle fans who recognize the fun and low-costs associated with scooters, but safety and practicality cannot be ignored. Whatever you do, get used to it, 'cause gas isn't likely to begin dropping back down any time soon.
[Source: Fox Business]
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