How to Combat High Gas Prices

Silex

Golden Member
Nov 24, 2001
1,829
0
0
2001 Honda Insight

Told myself that if I could find a hybrid under $5k, I'd pull the trigger on one so here we are. Red on "whatever interior you call the gray, cloth seats." It's a 2001 manual (with A/C) with 142500 on the clock. I'm the third owner. First guy had it until 132k and second owner only put on 10k miles. He had all paperwork that passed down in addition to his which was a plus! This proved that the battery pack was replaced 10k miles ago which was important since the manufactured date of 1/01 means it's now out of warranty. In my search, I ran into more Insights without HOV stickers than with which was hard to believe. This one had them though =D No emblems on the rear, but previous owner bought them and had them in the glovebox. The only thing I'm bitter about was he left me with an empty tank and registration to pay in April <grumble> <grumble>. Otherwise the body wasn't that bad except for the headlights were a bit hazy, front bumper clips were starting to disconnect, driver's side window had problems rolling up all the way, and the lower window trim paint has worn off. The following drive of 40 miles with mostly highway miles yielded 70+ mpg. I'm quickly adapting to a new driving style and loving every moment.



This car will (of course) be the daily driver, but it's been adding to the stable of other cars I do have like the Honda S2000 and Misubishi Evo 9. Yes, I love sports cars and being an engineer I can't get over the awesome styling with consideration of form following function of this spectacular vehicle! I even ran the calculations for the daily commute and at current gas prices I will save ~$818.33 per year and that doesn't even factor into account the 5,616 miles that will be kept off the other vehicles which is priceless to me.

My other babies:

By the way, Evo is for sale if anybody is interested.
 
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desy

Diamond Member
Jan 13, 2000
5,439
211
106
Nice
Now that summer is almost upon us I see a lot more motorcycle riding in my future
It used to take 10 tanks to offset the cost of insurance before it would start to pay off over driving my minivan or roughly 1500 miles.
Last summer was so crappy it didn't happen but when the price goes up the number of tanks goes down
 

zerocool84

Lifer
Nov 11, 2004
36,041
472
126
It seems like you have money to burn which is fine but for 99&#37; of drivers out there, buying a hybrid as another car doesn't make financial sense.
 

Silex

Golden Member
Nov 24, 2001
1,829
0
0
This hybrid cost under $5k. Anybody can afford that with a little financial discipline. Borrowing on credit for money we don't have now is something we need to change. Honda confirmed they were actually building these cars at a loss, but wouldn't say how much. Sure, it only has two seats which means it's more of a novelty, but it's still rated as the most fuel efficient vehicle ever produced:
http://www.fueleconomy.gov/feg/topten.jsp
For now... until the Chevy Volt, Nissan Leaf, and upcoming Mitsubishi i-Miev take off.
 
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Zap

Elite Member
Oct 13, 1999
22,377
2
81
I'm quickly adapting to a new driving style

This can increase gas mileage on any vehicle. Both my Mazdaspeed 6 and my wife's WRX can easily exceed EPA HWY ratings just by having the cruise control set to the speed limit. I've gotten 30.08MPG on mine, averaged over a 400 mile tank of gas. Not too shabby for an AWD vehicle with 270BHP. ()
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
I found recently a 2000 insight with under 100k and guy wanted over $11G for it, crazy crazy. $5k is much better!
 

thomsbrain

Lifer
Dec 4, 2001
18,148
1
0
...waaaait a minute... Your commute is 5600 miles a year and you use a separate daily driver? I mean, I use a DD partially to save mileage on my S2000, but I drive 40,000 miles a year in the DD. And the Insight doesn't offer any practical usefulness you don't have in the S2000, so... why? Even if you commute in it, the S will fall apart from age long before it falls apart from the miles.
 

JulesMaximus

No Lifer
Jul 3, 2003
74,472
867
126
Just curious, how much are you asking for the Evo?

Oh, and nice find! I'd love to have a car like that for my daily commute. Been toying with the idea of buying a new Ford Focus hatchback for my commute. 38mpg highway is pretty tempting. That new Lexus hybrid coming out this year will be up there on the list too but it remains to be seen how that car looks in person.
 

Eli

Super Moderator | Elite Member
Oct 9, 1999
50,422
8
81
Why would I be pissed? We didn't want a red one, first and foremost. We're still under $4,000 total cost of ownership on the mileage beast. I'll post an update here shortly.

I've seen that car. Nice deal, by the way. Hmm.. Come to think of it, this post seems really familiar. Oh shit. lol.

Hey man. I thought Uhtrinity was the only other person on AT!
 
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alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
This hybrid cost under $5k. Anybody can afford that with a little financial discipline. Borrowing on credit for money we don't have now is something we need to change. Honda confirmed they were actually building these cars at a loss, but wouldn't say how much. Sure, it only has two seats which means it's more of a novelty, but it's still rated as the most fuel efficient vehicle ever produced:
http://www.fueleconomy.gov/feg/topten.jsp
For now... until the Chevy Volt, Nissan Leaf, and upcoming Mitsubishi i-Miev take off.

What he was saying is buy adding a $5k second car you will have a long road to save that much in gas difference.
 

alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
How are you getting $800 in gas savings on a 5600 mile commute per year?

Are you assuming city mileage for the current car and peaking 70mpg on the Insight?

The S2000 should hit 25mpg in highway driving....the Insight you should be getting 65mpg on the same scale.

I'd say closer to $500. So a ten year return and personally I'd rather be driving my favorite cars each day.
 

ballmode

Lifer
Aug 17, 2005
10,246
2
0
you could factor in insurance too as price savings, as the sport vehicles could be just seasonal drivers...

you drive the hybrid/gas saver everyday and insurance it according
 

saratoga172

Golden Member
Nov 10, 2009
1,564
1
81
you could factor in insurance too as price savings, as the sport vehicles could be just seasonal drivers...

you drive the hybrid/gas saver everyday and insurance it according

Except that he's keeping his current car so insurance is actually going up.

Would really only be worth it if you are replacing a current vehicle and driving a fair amount. And can keep stuff from breaking too much.
 

Eli

Super Moderator | Elite Member
Oct 9, 1999
50,422
8
81
Let's see.. I drove just over 8500 miles in 2010 and averaged 57MPG. Gas averaged 2.931/gallon, meaning I spent $436 on gas in 2010.

If I had been driving a car that averaged 25MPG, it would have cost me just over $1000, for a savings of $563.

Gasoline is not only more expensive now, but more expensive all of the time California. His savings could add up quicker, though he is driving less miles than I am.

I'm on track to drive over 10,000 miles this year. Though we're probably going to take Insight #2 on vacation this year. I want to see how she does on the highway in the hands of a skilled driver.
 
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desy

Diamond Member
Jan 13, 2000
5,439
211
106
If I drove that little <50 a month to drive something I'd enjoy or an insight?
 

JulesMaximus

No Lifer
Jul 3, 2003
74,472
867
126
Except that he's keeping his current car so insurance is actually going up.

Would really only be worth it if you are replacing a current vehicle and driving a fair amount. And can keep stuff from breaking too much.

No, he has an EVO and an S2000 now and he's getting rid of the EVO. Insurance will definitely go down...and premium gas is around $4.30 a gallon in SoCal right now which both the EVO and the S2000 require.
 

alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
Let's see.. I drove just over 8500 miles in 2010 and averaged 57MPG. Gas averaged 2.931/gallon, meaning I spent $436 on gas in 2010.

If I had been driving a car that averaged 25MPG, it would have cost me just over $1000, for a savings of $563.

Gasoline is not only more expensive now, but more expensive all of the time California. His savings could add up quicker, though he is driving less miles than I am.

I'm on track to drive over 10,000 miles this year. Though we're probably going to take Insight #2 on vacation this year. I want to see how she does on the highway in the hands of a skilled driver.

He drives only 5600 miles though and when gas goes up the savings usually stays about the same in relation. Low octane is on average $3.699 I believe...so that would be another $114 a year at your 8500 miles. About $10 a month. A $5000 investment to save money on gas on a below average mileage per year is not smart.

If the guy was covering 1000 miles per week, it would pay itself off in the first year.
 

Eli

Super Moderator | Elite Member
Oct 9, 1999
50,422
8
81
Yeah, I agree. But it's his money. Plus, he's driving an awesome car.
 

Silex

Golden Member
Nov 24, 2001
1,829
0
0
I guess I'm too easily influenced, but the main reason I contemplated buying one for the longest time is that my good friend has one and I've rode in it at least a hundred times over the past several years. Now that I own one, I no longer need to wonder why he always offered to pick me up

Just curious, how much are you asking for the Evo?

Oh, and nice find! I'd love to have a car like that for my daily commute. Been toying with the idea of buying a new Ford Focus hatchback for my commute. 38mpg highway is pretty tempting. That new Lexus hybrid coming out this year will be up there on the list too but it remains to be seen how that car looks in person.
$26k with about $4k in random parts.

...waaaait a minute... Your commute is 5600 miles a year and you use a separate daily driver? I mean, I use a DD partially to save mileage on my S2000, but I drive 40,000 miles a year in the DD. And the Insight doesn't offer any practical usefulness you don't have in the S2000, so... why? Even if you commute in it, the S will fall apart from age long before it falls apart from the miles.
Sure, it might take me more miles to make up the difference, but the priceless point I was trying to make is that it takes needless miles off the other cars. And I disagree with the last comment. Who says a car will fall apart due to age before I have a chance to drive it into the ground? Having multiple vehicles about having freedom to choose what I drive. I don't want to be "forced" to pick the S or Evo just because it's my only car. you have a DD so you must understand. I DD'ed the S for 2 years now and it was time for a change especially since I've been wanting to put on a Comptech supercharger and definitely don't want to DD it after that.

I found recently a 2000 insight with under 100k and guy wanted over $11G for it, crazy crazy. $5k is much better!
Agreed! Prices are all over the map for these cars. The most important thing is to find one with a recent IMA battery pack replacement since they fail anywhere from the teen miles to 100+ miles; even more so on the manual cars since the CPU doesn't have a TMU like the CVT does to properly regulate the power.
 
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Silex

Golden Member
Nov 24, 2001
1,829
0
0
Why would I be pissed? We didn't want a red one, first and foremost. We're still under $4,000 total cost of ownership on the mileage beast. I'll post an update here shortly.

I've seen that car. Nice deal, by the way. Hmm.. Come to think of it, this post seems really familiar. Oh shit. lol.

Hey man. I thought Uhtrinity was the only other person on AT!
Where have you seen it before? Are you on www.insightcentral.net as well? I posted an almost identical OP the day after I bought it almost 3 weeks ago. Great deal you got on one too!

How are you getting $800 in gas savings on a 5600 mile commute per year?

Are you assuming city mileage for the current car and peaking 70mpg on the Insight?

The S2000 should hit 25mpg in highway driving....the Insight you should be getting 65mpg on the same scale.

I'd say closer to $500. So a ten year return and personally I'd rather be driving my favorite cars each day.
Gas, insurance, and maintenance factor in as others have pointed out. But the number adds up quicker since the Insight only needs 87 octane whereas the other cars require at least 91 octane. I have contemplated converting to E85 if I decided to keep the Evo, but for the sake of this argument the price will be roughly the same as 91 since even though the price differential is 20&#37; less, it also gets 20% less mpg.

No, he has an EVO and an S2000 now and he's getting rid of the EVO. Insurance will definitely go down...and premium gas is around $4.30 a gallon in SoCal right now which both the EVO and the S2000 require.
What he said
 
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Silex

Golden Member
Nov 24, 2001
1,829
0
0
He drives only 5600 miles though and when gas goes up the savings usually stays about the same in relation. Low octane is on average $3.699 I believe...so that would be another $114 a year at your 8500 miles. About $10 a month. A $5000 investment to save money on gas on a below average mileage per year is not smart.

If the guy was covering 1000 miles per week, it would pay itself off in the first year.
When I said that "when hybrids are under $5k I'd buy one," what I didn't specify was that I actually paid $4500 for it. I left that tidbit out since I didn't want this thread to be interpreted as gloating or that I was only posting to say I got a hot deal. I just wanted to share my solution to curbing high gas prices. I'm sure there are better and worse ways to save money and I'm glad to open that up for discussion.

Yeah, I agree. But it's his money. Plus, he's driving an awesome car.
Truth! This car is very awesome! I appreciate the R&D that Honda put into it and the all aluminum body was built at the same factory as the NSX and S2000. Just too bad the S got steel body panels instead.

And the freedom! I used to be a stupid crazy homebody person. Now when friends ask me out I am willing to go and drive anywhere without fear or wasting gas or being pulled over in my other cars for all the crazy mods. It feels like a heavy burden has been lifted off of me. The excellent mpg is just icing on the cake
 
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alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
And the freedom! I used to be a stupid crazy homebody person. Now when friends ask me out I am willing to go and drive anywhere without fear or wasting gas or being pulled over in my other cars for all the crazy mods. It feels like a heavy burden has been lifted off of me. The excellent mpg is just icing on the cake

You bought two performance cars and are afraid to drive them?!?
 
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