Skip to comments.Savings come slowly for hybrid, electric car owners
Posted on 04/05/2012 5:57:20 PM PDT by Lmo56
If you're thinking about buying a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle as a way to save money over time, do your homework or be prepared to wait.
Buyers who choose Nissan's all-electric Leaf ($28,421) over its approximate gas-powered equivalent, Nissan's Versa ($18,640), will likely wait nearly 9 years until they break even, according to a new report by The New York Times that examines the cost of fuel efficiency.
For drivers of the Chevrolet Volt ($31,767), the wait is even longer 26.6 years.
(Excerpt) Read more at bizjournals.com ...
BTW: I like to do my own maintenance - I wonder if Home Depot is gonna mind me dropping off an 800-lb battery at their rechargeable recycle bin ...
Is the rate of savings calculated before or after the car catches fire from spontaneous combustion?
It gets 51 mph and fill up with medium grade premium brand for under 40 dollars a tank. It get 550 miles per tank.
Very good deal.
Heresy! This is being reported to FightTheSmears, FAG @ WhiteCrib.gov and the Al Gore Center for the Environmentally Insane!
Most people will not own their car long enough to realize much savings, if any. Presumably the hybrid will have a better trade in value than a comparable gasoline engine only car. But you’re saving the earth, so you can feel good about yourself.
Sent to a guy I know who bought a Volt. Every time I gig him about it he tells me it’s his contribution to technological evolution. I tell him it’s (still, barely) a free country and he can spend his money however he pleases.
The one car that pays for itself quickly is the diesel Jetta. ...and those are good for 250,000 miles and you can work on them yourself.
Most of these people got subsidies to buy these cars, the savings were immediate.
One of our 3 cars is a 6 yr old Prius with almost 140,000 miles. We bought it because as “Conservatives” we like to be conservative with our money. No major problems and has more than paid for itself in gas savings and apparently still has resale value. We have had everything from Mercedes to Ford pickups and I would get another Prius in a heartbeat. Actually very roomy and comfortable.
No, it you pay $50K and get $10K back it's a 40K car... still a lot more than it's $20K eco small gas engine brother...:^)
A Prius, at about a $6000 premium over a similar Corolla, will definitely not pay for itself in gas savings in 140,000 miles.
I sold my 2008 F150 once I bought my Prius. I was hooked when I pumped a full tank of gas under 35 dollars.
As the delta in price increases, the miles to break even goes up. As the cost of gas goes up, the miles to break even goes down. For me, a hybrid doesn't make sense. That is from a terrain, weather, and financial standpoint.
I traded it in last month for a ‘12 Honda Civic EX. (rated for 40 to 45 mpg with the ECON feature) and it will NOT see those kind of miles, my ‘03 Sable w/72K on it (work car) will for the next year or so.
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