Hybrid Car – More Fun with Less Gas

Hybrids saving most money: Camry, Malibu, Altima

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Posted by johngdole on July 14, 2008, 2:54 am
 
http://www.caranddriver.com/reviews/hot_lists/car_shopping/latest_news_revi=
ews/among_hybrids_the_toyota_camry_and_chevrolet_malibu_offer_the_best_over=
all_value_car_news


Among Hybrids, the Toyota Camry and Chevrolet Malibu Offer the Best
Overall Value - Car News

Surprise! Not all hybrid cars cut costs equally.

BY JAKE HOLMES
July 2008


Car buyers hoping to economize by switching to a hybrid car will save
the most money if they buy a Toyota Camry hybrid, Chevrolet Malibu
hybrid or Nissan Altima hybrid, according to a study by
NADAguides.com.

As gas prices continue to rise around the country, hybrid cars are
attracting more and more drivers who want to save money on fuel. But
many consumers looking to buy a more efficient car only compare the
EPA fuel economy and dont factor in the increased price of the hybrid
model, according to Tara Baukus Mello, NADAguides.com lead market
analyst.

Even though they use less fuel to go down the road, hybrid cars cost
more upfront and, depending on how many miles drivers cover, wont
necessarily save money. Baukus Mello and NADAguides.com studied the
prices and potential fuel savings of hybrids on sale in the U.S. to
determine their break-even pointhow far the cars must be driven
before savings in fuel costs outweigh the initial outlay for a hybrid.

The study used EPA combined fuel economy ratings for 2008 model year
hybrid cars and their gasoline-engine counterparts to evaluate fuel
savings. Coupled to the manufacturer suggested retail prices (minus
any tax breaks for hybrids) for each vehicle, NADAguides.com found
varied results. For gas prices, the study used the current cost of a
gallon in Los Angeles, $.59. While thats higher than the current
national average, it might not be too long before all of us are paying
those prices.

The Toyota Camry, Chevrolet Malibu, Nissan Altima, Toyota Prius and
Honda Civic hybrids all offer enough fuel savings for drivers to
recoup their price premiums after fewer than 75,000 miles of driving
or less than five years for an average driver. But even among these
five models are some surprises.

Hybrids such as the Chevy Tahoe and GMC Yukon take longer to break
even than the five cars listed above (about 75,000 miles), and are
thus not mentioned in detail below.

The Popular Kids are Costly

Since its introduction to the U.S. in 2000 as a 2001 model, the Toyota
Prius has been the volume leader with over half a million models sold
stateside. Discussion on fuel economy and high-mileage hybrid cars
always seems to center around the quirky Prius, yet it may not be the
best hybrid for buyers looking to minimize overall vehicle costs.

Even though it achieves a combined EPA rating of 46 mpg, the Prius
starts at $2,160thousands more than a comparable Toyota Camry LE
rated at a combined 25 mpg. Baukus Mellos study found that a driver
paying $.59 per gallon for gasoline would need to drive 41,626 miles
before they saved money. That distance rises to over 47,000 miles for
buyers paying the current national average of $.11 per gallon. For
most drivers, thats three to four years of vehicle ownership before
the Prius delivers cost savings.

The Honda Civic hybrid delivers an even worse return on investment.
Though the hybrid Civic is far more fuel-efficient than its gasoline
brethren, a $000 premium for the hybrid is hard to recoupeven when
factoring in a $25 tax break. At $.59 a gallon, buyers need to
accumulate 57,216 miles in order to save money with a Civic hybrid
rather than an automatic LX model.

Still, Baukus Mello said she believes many consumers want to drive
hybrid cars regardless of overall cost savings. Though the highly-
praised Prius isnt really going to save money for drivers, it might
fulfill a different need: ecological pride.

Youre doing it because you have an interest in fuel economy, Bauku=
s
Mello said.


Posted by Cathy F. on July 14, 2008, 3:24 am
 

http://www.caranddriver.com/reviews/hot_lists/car_shopping/latest_news_reviews/among_hybrids_the_toyota_camry_and_chevrolet_malibu_offer_the_best_overall_value_car_news


Among Hybrids, the Toyota Camry and Chevrolet Malibu Offer the Best
Overall Value - Car News

Surprise! Not all hybrid cars cut costs equally.

BY JAKE HOLMES
July 2008


Car buyers hoping to economize by switching to a hybrid car will save
the most money if they buy a Toyota Camry hybrid, Chevrolet Malibu
hybrid or Nissan Altima hybrid, according to a study by
NADAguides.com.

As gas prices continue to rise around the country, hybrid cars are
attracting more and more drivers who want to save money on fuel. But
many consumers looking to buy a more efficient car only compare the
EPA fuel economy and don’t factor in the increased price of the hybrid
model, according to Tara Baukus Mello, NADAguides.com lead market
analyst.
<snipped>
The Popular Kids are Costly

Since its introduction to the U.S. in 2000 as a 2001 model, the Toyota
Prius has been the volume leader with over half a million models sold
stateside. Discussion on fuel economy and high-mileage hybrid cars
always seems to center around the quirky Prius, yet it may not be the
best hybrid for buyers looking to minimize overall vehicle costs.

Even though it achieves a combined EPA rating of 46 mpg, the Prius
starts at $2,160—thousands more than a comparable Toyota Camry LE
rated at a combined 25 mpg.
`````````````````````
**I just checked on the Toyota site: starting MSRP for an '09 Camry LE is
$0, 375 (no add-on options).  Considering the difference is $785, the
above sentence employs a little hyperbole, n'est-ce pas?  "Thousands" makes
one (or at least me) think "Probably, oh... $ grand or more difference".

`````````````````````````````
 Baukus Mello’s study found that a driver
paying $.59 per gallon for gasoline would need to drive 41,626 miles
before they saved money. That distance rises to over 47,000 miles for
buyers paying the current national average of $.11 per gallon. For
most drivers, that’s three to four years of vehicle ownership before
the Prius delivers cost savings.

The Honda Civic hybrid delivers an even worse return on investment.
Though the hybrid Civic is far more fuel-efficient than its gasoline
brethren, a $000 premium for the hybrid is hard to recoup—even when
factoring in a $25 tax break. At $.59 a gallon, buyers need to
accumulate 57,216 miles in order to save money with a Civic hybrid
rather than an automatic LX model.

Still, Baukus Mello said she believes many consumers want to drive
hybrid cars regardless of overall cost savings. Though the highly-
praised Prius isn’t really going to save money for drivers, it might
fulfill a different need: ecological pride.
````````````````````````````````````
**It'll save $ if you already drive a comparably prioced car - lateral
switching.
````````````````````````
“You’re doing it because you have an interest in fuel economy,” Baukus
Mello said.
````````````````````
**Or spewing out even fewer emissions than the low emission cars.

Cathy





Posted by Ray O on July 14, 2008, 3:33 am
 
http://www.caranddriver.com/reviews/hot_lists/car_shopping/latest_news_reviews/among_hybrids_the_toyota_camry_and_chevrolet_malibu_offer_the_best_overall_value_car_news


Among Hybrids, the Toyota Camry and Chevrolet Malibu Offer the Best
Overall Value - Car News

Surprise! Not all hybrid cars cut costs equally.

BY JAKE HOLMES
July 2008


Car buyers hoping to economize by switching to a hybrid car will save
the most money if they buy a Toyota Camry hybrid, Chevrolet Malibu
hybrid or Nissan Altima hybrid, according to a study by
NADAguides.com.

**************

Guess which company supplies hybrid components for Nissan?
--

Ray O
(correct punctuation to reply)



Posted by Just Facts on July 22, 2008, 1:29 am
  "Ray O" <rokigawaATtristarassociatesDOTcom> wrote:


Also for Ford and others.
That company is light years ahead on hybrid development and do they know
what hybrid models to bring out.

Posted by Michelle Steiner on July 14, 2008, 5:19 am
 In article
 johngdole@hotmail.com wrote:


The Camry Hybrid starts at $5,860 and has worse gas mileage than the
Prius, so how do they say that the Camry Hybrid saves more money than a
Prius does?

-- Michelle

--
Donate to the Leukemia and Lymphoma Society; help send Michelle to the marathon.
<http://www.active.com/donate/tntdms/tntdmsMSteine>

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