Is the added cost really $7500? That sounds rather high.
Break Even Miles to pay off that new Hybrid vehicle
by Fatfreek 27 Replies latest social current
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Robert7
A 2008 Prius is $23,000. The equivalent standard car, a 2008 Corolla is about $16,000. So the difference is $7,000.
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John Doe
Hmmm, interesting.
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M.J.
Hmm. I see. Well they're definitely beyond what I would want to pay in any case.
Best solution? Move closer to your job. Or work closer to your home. Not always practical, I know, but I just can't fathom how people can live doing over an hour commute each way every day.
According to the following article the next-gen of hybrids should come down to an added cost of $2000, starting with a low-cost Honda hybrid in 09.
http://news.yahoo.com/s/nm/20080521/bs_nm/honda_dc -
wings
Interesting....although I bought my prius in 2005, and paid something like 24K....nice car for that money. I put a large down and have a small loan that is low interest, one more year. I get 55 to 60 on the highway and at $4 per gallon.....I can't see how that is not economically feasible.
wings
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sammielee24
I saw a few guys on television a while back complaining about the cost of their hybrids. They had paid thousands upon thousands for new or refurbished batteries - apparently the new hybrids coming out will be improved. All that being said - we got 41 mpg in our hyundai last week and we average 32 mpg in our taurus if we drive wisely, so I'm not sure that a hybrid for the cost would be any more efficient than the hyundai.
This was from a forum about hybrid costs..sammieswife.
Well I hate to rain on your parade, but I just got a quote on a battery replacement for a 2003 Honda Insight with 150,000 miles.
Try $6312.70 !!!!!!!
The battery (refurbished) replaced and 2 control modules plus labor.
I do not see where hybrids are cost effective and I own 3 of them. For That kinda of money I can buy 1500 gallons of gasoline at $4 a gallon. I am really miffed because I was told around $1500 to replace the battery when I bought it. Who wants to invest that kind of money when the car is 5 to 10 years old. I was once a hybrid man but they are a scam....
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SnakesInTheTower
thanks for the reality check...I was thinking about replacing my 6 yr old (paid off) Civic for a hybrid...after playing with the numbers..... not so much now..
and on the highway I still get 40+ MPG in my used but paid for car........recent trip was 42MPG ....even in town it is 30mpg.... when I am driving for work (which means leaving the car idle all day) I still get 24mpg... (idle rather than turn the car off and on 50+ times a day)
Driving a car with 176,000 miles and paid off...priceless...
Snakes ()
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PEC
If you replacing an SUV with a Prius the pay back is less than 50,000 miles.
The Prius battery is covered under a 10 year 100,000 mile warranty and with as many Prius' as have been built, I am sure I will have many options when the battery goes. I will probable convert it to a plug in hybrid and virtually stop buying gas it all together.
We rented a Corolla in Dallas and there is no comparison between the two, the Prius is a much nicer car, hybrid premium is much lower than $7500, if you compare cars with the same options.
Philip
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Witness 007
Anyone seen Documentary :"Who killed the electric car?" {Los Angeles 1990} Knows that they had an Electric car that was super efficent even Mel Gibson and Tom Hanks leased one....power stations popped up......then the oil companies bought the rights....and had the cars literally destroyed and shelved the batteries forever....very shady dealings....Australian fuel today is a record $1:60 a Litre...the large Ford's are cheap as chips as people down size cars.
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Indo_Dude
The cost of the hybrid system IS NOT $7,500. As both Toyota and Honda have said many times, the current cost is around $4,000 to $4,200 more for the hybrid technology. Both Honda and Toyota have publically stated that the next generation hybrid due out in 2009 as both a Prius and a new model Honda will be around $1,900 more as they have refined the costs and technology. The new 09 Prius will get around 50 mpg vs. current 45 mpg, while making the car slightly larger, with 8% to 10% more total horsepower.
Comparing one car to a completely different car, with differing levels of options and equipment is not an apples to apples comparision. It's like comparing a Audi A4 to a VW Jetta. Both are made by the same manufacturer but far from being close to each other. The Audi runs $35,000 the VW runs more along the lines of $ 25,000.