I bought a 2000 Toyota 4Runner with a 3.4L V6 last June that I really like. The mileage varies quite a bit depending on what type of driving I do. I can get anywhere from 14 in the city to 22 on the highway.
I have thought many times of dumping it in lieu of something sporty and small, like a Mazda3. I like having the ability to load a bunch of gear in the back though whether it is for a camping trip, moving, or going to trial and taking the boatload of documents and equipment required.
Do you all think it would be cheaper in the long run to dump the 4Runner and get the small car, plus rent an SUV when I need the extra room? That really is the dilemma. Also, I get reimbursed at the IRS rate at work and tend to consolidate business and personal errands whenever possible.
I am in the same boat as you. I have a 2001 4Runner. I almost sold it for a Mazda 3 but I only drive 10,000 miles a year so it would take many years to make up for the loss of trading or selling the 4Runner in gas savings if I went for the Mazda3.
Now if you drove 15,000-20,000 miles a year and could sell your 4Runner for the same price as you purchased it for, you might save some on gas. But dont forget the $1500 or so you have to pay in taxes on that new Mazda3.
I looked at the numbers this morning on April's gas purchases and discovered the following:
1.) I spent $126 in gas for the truck
2.) I was reimbursed by the firm $119 for a trip to Carthage, Branson and Ozark
3.) I basically took a free trip to Kansas City last weekend!
4.) I should just be grateful I have an excellent vehicle that runs well and I work for a firm that promptly reimburses out of town mileage!