Originally posted by: gvayl
Originally posted by: klingsor
Not true. I've owned a hybrid for 5 years now and have kept pretty detailed records. With the tax break (for buying this technology), the fuel savings (60-70mpg), effortless emissions certifications, and a clear conscience (priceless); the hybrid has been a good decision on many fronts. Not to mention that when I first got it, hybrids were so rare that it got a good amount of attention, saving me lots of money on drinks
Originally posted by: gvayl
You still won't make up the savings in gass for the $$$ that the Hybrid costs over the regular.
Ok klingsor.
Lets do the math.
Lets take your basic Honda Accord. The cheapest regular model is the DX for $16,295. The cheapest hybrid is: $30,140. Ok, to be fair lets take the average gas accord model and compare that one to the hybrid: 23,950 for the LX V-6. So the difference is 6190. Now lets say you will drive the card for 5 years. That means per year you will need to save 1238, or $103/month just to break even. Now about tax breaks...first of all I live in Indiana and I don't think we have tax breaks for hybrids. I may be wrong. Also I don't know how much you can get for a tax break. Lets assume you get $2000 cash back. Still you will have to save $69/month on gas.
Hybirds do what...about twice as much as the regular ones? So if a car has 25mpg hybrid does 50mpg? Anyhow I spend about $70/month on my elantra which claims 30mpg. If I get a hybrid that is twice as efficient I will save at most $35/month which is half as much as what I should be saving to break even on my hybrid in 5 years.
I will have to drive this car for 10 years before I begin saving money on gas!
Anyhow I got all honda prices from the website honda.com. When I was buying my car I did the same thing with a toyota prius I think just to see if I can REALY save money on gas or not. It turned out I could not. Anyhow if I'm wrong in something here please let me know. Cuz I'm all about saving energy and I really want a hybrid[well actually a fuel cell vehicle would be even better ;-)] I just can't justify spending so much more for it.
cheers