Comments on: To Hybrid Or Not To Hybrid? http://www.bankaholic.com/to-hybrid-or-not-to-hybrid/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Tue, 16 Mar 2010 16:42:19 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Mike M http://www.bankaholic.com/to-hybrid-or-not-to-hybrid/comment-page-1/#comment-176291 Mike M Thu, 03 Dec 2009 17:54:30 +0000 http://www.bankaholic.com/?p=5240#comment-176291 Sorry, but Edmonds is FAR from authoritative here. They've grossly underestimated the price premium for the Camry hybrid and grossly overestimated the premium for the Fusion hybrid. The result is that their analysis is useless. Sorry, but Edmonds is FAR from authoritative here. They’ve grossly underestimated the price premium for the Camry hybrid and grossly overestimated the premium for the Fusion hybrid. The result is that their analysis is useless.

]]> By: crankysaver http://www.bankaholic.com/to-hybrid-or-not-to-hybrid/comment-page-1/#comment-176288 crankysaver Thu, 03 Dec 2009 17:09:13 +0000 http://www.bankaholic.com/?p=5240#comment-176288 Edmonds.com is a pretty authoritative source of data on stuff like car prices. Here's a link to the original story that offers payback times for a wide range of models, plus diesels: http://www.autoobserver.com/2009/07/diesels-paying-back-quicker-than-hybrids-edmundscom-reports.html This is a link to a followup story that deals mostly with revising Toyota payback times: http://www.autoobserver.com/2009/08/updated-data-revises-some-hybrid-payback-times.html And here’s a post from Edmunds Green Car Advisor that lists every hybrid and diesel model (as of last July) and its price, fuel economy and “premium” over a conventional counterpart: http://blogs.edmunds.com/greencaradvisor/2009/07/still-shopping-with-big-rebates-hybrids-and-diesels-can-be-attractive.html Edmonds.com is a pretty authoritative source of data on stuff like car prices. Here’s a link to the original story that offers payback times for a wide range of models, plus diesels:

http://www.autoobserver.com/2009/07/diesels-paying-back-quicker-than-hybrids-edmundscom-reports.html

This is a link to a followup story that deals mostly with revising Toyota payback times:

http://www.autoobserver.com/2009/08/updated-data-revises-some-hybrid-payback-times.html

And here’s a post from Edmunds Green Car Advisor that lists every hybrid and diesel model (as of last July) and its price, fuel economy and “premium” over a conventional counterpart:

http://blogs.edmunds.com/greencaradvisor/2009/07/still-shopping-with-big-rebates-hybrids-and-diesels-can-be-attractive.html

]]> By: Mike M http://www.bankaholic.com/to-hybrid-or-not-to-hybrid/comment-page-1/#comment-176252 Mike M Wed, 02 Dec 2009 18:57:08 +0000 http://www.bankaholic.com/?p=5240#comment-176252 I'm not sure how they come up with under two years. There isn't even a link to find this story. According to owner data at fueleconomy.gov, Camry hybrid owners are averaging 36.7 mpg and I4 owners are getting 26.1. Comparably equipped, a Camry LE will cost $3922 less (invoice) than the hybrid. At 15,000 miles per year, that's 409 gallons for the hybrid and 575 gallons for the non-hybrid. At $2.53 per gallon, that's $1034 for the hybrid and $1454 for the non-hybrid. So you're paying $3922 to save $420 per year in gas. At 2% interest, that's over 10 years to pay that extra back, NOT "under 2". By comparison, the Ford Fusion comes in at 40.2 mpg (hybrid) and 28.9 mpg (nonhybrid). Unfortunately, the Fusion hybrid only comes with high trim lines.... but then the Fusion hybrid is only $1009 more than a comparably equipped SEL. The hybrid doesn't have leather, so tack on $1000 for that difference in equipment. So that's $2009 difference. At 15k miles per year and 2% interest, it pays back in just under 6 years.... a FAR better rate of return than the Camry hybrid. I’m not sure how they come up with under two years. There isn’t even a link to find this story.

According to owner data at fueleconomy.gov, Camry hybrid owners are averaging 36.7 mpg and I4 owners are getting 26.1. Comparably equipped, a Camry LE will cost $3922 less (invoice) than the hybrid.

At 15,000 miles per year, that’s 409 gallons for the hybrid and 575
gallons for the non-hybrid. At $2.53 per gallon, that’s $1034 for the hybrid and $1454 for the non-hybrid.

So you’re paying $3922 to save $420 per year in gas. At 2% interest, that’s over 10 years to pay that extra back, NOT “under 2″.

By comparison, the Ford Fusion comes in at 40.2 mpg (hybrid) and 28.9 mpg (nonhybrid). Unfortunately, the Fusion hybrid only comes with high trim lines…. but then the Fusion hybrid is only $1009 more than a comparably equipped SEL. The hybrid doesn’t have leather, so tack on $1000 for that difference in equipment. So that’s $2009 difference. At 15k miles per year and 2% interest, it pays back in just under 6 years…. a FAR better rate of return than the Camry hybrid.

]]> By: basicmoneytips http://www.bankaholic.com/to-hybrid-or-not-to-hybrid/comment-page-1/#comment-176089 basicmoneytips Thu, 26 Nov 2009 13:28:58 +0000 http://www.bankaholic.com/?p=5240#comment-176089 Good post - you have to do a lot of in town driving to make a hybrid pay for itself. However, if you look at the bigger picture for what you are doing for the environment as well as the money you are saving in gas, I say go for it. If you are only looking at the savings in gas, you can probably beat it with a 4 cylinder small car of some type. Good post – you have to do a lot of in town driving to make a hybrid pay for itself.

However, if you look at the bigger picture for what you are doing for the environment as well as the money you are saving in gas, I say go for it.

If you are only looking at the savings in gas, you can probably beat it with a 4 cylinder small car of some type.

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