John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash. Sherry estimated the following costs for the two cars:

Trail BlazerGrand Cherokee

Acquisition cost $25,000 $6,000

Repairs $ 6,000

Annual operating costs

(Gas, maintenance, insurance) $ 2,280 $2,100

What should John do? What are his savings in the first year?