Maybe you figured this in and I just missed it, but ya need to allow for the fact that every mile you put on that cheap little car is one less mile that gets put on the most likely much more expensive truck, so along with saving on fuel, you're also saving wear and tear and keeping from racking up mileage on the truck which might help at trade-in time if you trade often.
I think on this though, most everyone's situation is a little different. Myself, my "truck" is a 1-ton crewcab deisel dually 4x4. Has 4.10 gears and is lucky to make 16mpg unloaded on a flat highway. Takes 6 tires when it gets new ones...most other wear items like brakes, etc. are more expensive than say a 1/2 ton too, so cost per mile is pretty high, other than the fact that it has almost 150k on it already so trade-in value's pretty much not a concern anymore.
As for a little car, in my own situation, I've put in lots of years as a professional mechanic, and I see lots of little 4-cyl cars I could pick up for less than $500 bucks and with a little work make 'em very road-worthy, even have a few like that sitting around here already.....just need time to do it! So in my case, the difference would be quite a bit more than someone who parked a 1/2ton 2wd and spent a few thousand on a little car.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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