Gas prices have some car buyers going old skool

May 21, 2008

Yesterday, Alison Cuddy stopped by my desk and we somehow ended up debating the merits of spending money on a newer car in order to get better mileage. Well, maybe you don't need to spend 15K on a car to save $700 a year on gas costs. Remember, the Geo Metro? This early 90's compact car is making a comeback on the used market because it gets 46 miles to the gallon! The 'lil 1 liter engine squeezes as much mileage out of a gallon of gas as a hybrid Toyota Prius. This keeps the Geo a hot ticket among used cars and commands an asking price of around $7,000. As Mike Puente reports, Chicagoans are already crossing state lines for cheaper gas. Will we also start hopping into a 16-year-old Geo to save money? Um...that might take $5 a gallon.
Categories