I'm thinking you'll need to own your brand new hybrid vehicle for some time before seeing a profit on it. Starting at $20,950, the Toyota Prius is hot on gas savings but high on price. If you're looking at buying one and expect to finance it, you'd look at a payment of maybe $350-$400 assuming you have a small down payment. Plus on top of that you need to buy $3.00/gallon gas.
If you buy a small non-hybrid vehicle like the Corolla with great gas mileage plus a lower price (starting at $14,405) and start feeding it gas I'm thinking you'll see an immediate return on investment with a lower monthly payment and less gas consumption.
This is by no means a scientific analysis of hybrid vs. small car but simply a view of the surface.
Wednesday, November 07, 2007
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