Grumpy...Nice... I like those, and I like the 5.3. Lots of power, easy to work on.
I did a rough estimate based on $4 fuel and my 330 mile commute. I am going to figure the cost of liability insurance for a $2000 beater (approx what I can afford cash and approx the level at which a reasonably reliable vehicle can be purchased) and license to be $580 for a year. We will assume that the car and the Jeep cost the same to maintain. I HAVE to keep the Jeep, I need it for farm work/wood cutting/survival so I am not figuring for its license and insurance costs.
I've seen as low as 12 mpg in the winter, and as high as 17mpg highway in the summer so average mpg is 14.5 lets say 15mpg is what I get now.
330 miles per week fuel (at) $4
12mpg 27 haf 110 per week $5720 yr
13mpg 25 gal 100 per week $5200 yr
14mpg 23 haf $94 per week $4888 yr
15mpg 22 gal $88 per week $4576 yr
16mpg 21 gal $84 per week $4368 yr
17mpg 19 gal $76 per week $3952 yr
18mpg 18 gal $72 per week $3744 yr
19mpg 17 gal $68 per week $3536 yr
20mpg 16 haf $66 per week $3432 yr
22mpg 15 gal $60 per week $3120 yr
24mpg 14 gal $56 per week $2912 yr
26mpg 13 gal $52 per week $2704 yr
28mpg 12 gal $48 per week $2496 yr
30mpg 11 gal $44 per week $2288 yr
35mpg 9 haf $38 per week $1976 yr
40mpg 8 qtr $33 per week $1716 yr
So if i get a sensible 30 mpg car, as opposed to my 15mpg jeep, the car's yearly fuel savings is $2288 minus $580 for license and insurance. The savings is STILL $1708 per year (or a weekly net savings of $32.85 per week) over driving the Jeep. But, if I have to purchase the car, it will take 61 weeks before that $2000 car pays for itself and begins to be profitable.
BUT the closer I get to 20 mpg with the Jeep... The less sense a second car makes. If the Jeep started getting 20mpg after "repairs," and the beater car still only did 30 mpg, a $2000 beater car would only save 1144 a year, minus license and insurance which is $564, or a savings of $10.84 a week. It would take 184 weeks to break even in that scenario.
So, given that analysis, it may still make sense to drive the Jeep, believe it or not, as I begin splitting maintenance pennies between two vehicles one is bound to get neglected (the poor stinkin Jeep), so its likely better to focus on one...
The better the Jeep can do fuel mileage wise of course, the better.