I have a 2005 Toyota Tundra basic worktruck. 4wd. Bought it used 7 years ago because I had to haul my snowblower to our apartment building to clear the driveway. We've since sold the building and so I really don't need this anymore. I'm thinking that the Mustachian thing to do would be dump this gas hog and get something else. But...
1) The truck has only 68,000 miles on it. It's in great shape and a Toyota -- it will last for many more years with presumably minor maintenance;
2) Since I use public transportation for commuting, I only put about 5,000 miles a year on this. So the gas issue isn't as big a deal;
3) The trade-in value of the truck is relatively low -- about $5K (although I can probably get more on Craigslist). I'm looking at Mustachian type vehicles (Scion XB, Toyota Matrix, Honda Fit) that will still give me some cargo capacity, but better mileage, but most seem to be in the $10K range. So I'm out at least $5K.
4)Yes, I could go cheaper, with an even older, higher-mileage vehicle. But I put some value on reliability and I don't want a vehicle that's going to spend a lot of time in the shop.
Should I switch? For what it's worth, I don't mind driving the truck (it's nice to be up high and 4wd has its moments here in Maine) and it is certainly convenient when I have to haul bulky items like brush and lumber.