Just doing some ‘math’ here:
Old truck you already own= 9 miles per gallon.
New 'Element= 23 miles per gallon (probably more like 20, but we’ll be generous).
Figure gas at $3/gallon just to make it easy.
15,000 miles/year at 9 miles per gallon = 1667 gallons of gas = about $5,000
15,000 miles/year at 23 miles per gallon = 652 gallons of gas= about $2000
Savings = $3000/year in gas (give or take a couple of hundred).
Cost of new Element is what, $20,000?
That means you could drive your ‘old’ truck for at least 6 or 7 years before you’d save even a dime, and that is if you use the old truck 15,000 miles a year. Longer if you don’t drive as mcuh. Much longer if you have to finance the Element, which would increase the actual ‘cost’ significantly. Subtract one whole year if you need to put and engine and tranny in it, but THAT would likely up the mileage and then you’d need to recalculate…
I don’t really know what the Element ‘costs’ but even it’s $12,000 you still have to drive it 15,000 miles a year for 4 years before you are ahead. Again, this assumes that you pay cash for it and don’t have to figure in finance charges.
Of course, older vehicles cost more in maintenance, but not THAT much more…
I’d stick with the old truck, realize that you are really SAVING money, and buy a new battery of pricey fly rods and reels to celebrate…
But, I can add and I don’t take into the account that whole ‘I got a new car’ thing that many folks find so appealing…
Just a different approach…
Buddy