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How to make Hybrids look bad - Take 1000 ;)

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Old Apr 16, 2007 | 11:21 PM
  #11  
tomdavie's Avatar
no more oil
Joined: Apr 2006
Posts: 230
From: Palm Bay Florida
Default Re: How to make Hybrids look bad - Take 1000 ;)

I have no idea if there is such a thing as responsible journalism anymore. Everyone is bought and paid for, and the rest it is editorials.
 
Old Apr 18, 2007 | 03:30 PM
  #12  
AshenGrey's Avatar
Hybrid True Believer
Joined: Aug 2005
Posts: 881
From: Baltimore, MD
Default Re: How to make Hybrids look bad - Take 1000 ;)

As usual, they compare the stripped-down el-cheapo Civic to the hybrid Civic, not the high-level (fully equipped Civic EX upon which the hybrid model is based). They also "forgot" the $2,100 tax credit you get for buying a HCH.

Civic EX = $18,700.
Civic Hy = $22,600.
Cost dif = $ 3,900.
Tax cred = $ 2,100.
Total diff = $ 1,800.

At today's rate ($2.89/gallon), you'd have to save 622 gallons of gas to equal $1,800. Since there's an 11 MPG difference between the EX and hybrid models, that's 24,880 miles you'd have to drive before you'd break even on the HCH. Given an average use of 12,00 miles per year, you'd break even around 25 months.
 
Old Apr 19, 2007 | 08:49 AM
  #13  
livvie's Avatar
Ridiculously Active Enthusiast
Joined: May 2004
Posts: 1,518
From: New England
Default Re: How to make Hybrids look bad - Take 1000 ;)

Originally Posted by AshenGrey
As usual, they compare the stripped-down el-cheapo Civic to the hybrid Civic, not the high-level (fully equipped Civic EX upon which the hybrid model is based). They also "forgot" the $2,100 tax credit you get for buying a HCH.

Civic EX = $18,700.
Civic Hy = $22,600.
Cost dif = $ 3,900.
Tax cred = $ 2,100.
Total diff = $ 1,800.

At today's rate ($2.89/gallon), you'd have to save 622 gallons of gas to equal $1,800. Since there's an 11 MPG difference between the EX and hybrid models, that's 24,880 miles you'd have to drive before you'd break even on the HCH. Given an average use of 12,00 miles per year, you'd break even around 25 months.

The author of the entry you are referening to, mentions both comparisons. Yours (look at the attached image in the other thread) and the stripped down version. The stripped down version makes no sense as you have stated.
 
Old Apr 21, 2007 | 01:21 PM
  #14  
alan_in_tempe's Avatar
Veracitorian Muser
Joined: Jun 2006
Posts: 336
From: Tempe, Arizona
Default Re: How to make Hybrids look bad - Take 1000 ;)

Originally Posted by AshenGrey
Civic EX = $18,700.
Civic Hy = $22,600.
Cost dif = $ 3,900.
Tax cred = $ 2,100.
Total diff = $ 1,800.
Other relevant, but hard to determine factors are:
1) differences in discounts available (hybrids tend to sell closer to list - negative),
2) trade in values (hybrids tend to hold more of their initial value - positive),
3) actual vs. EPA milage (hybrids more likely to meet or exceed EPA due to hybrid drivers! - positive), and
4) cost of money (more tied up in hybrid from purchase to trade - negative).
There are certainly more, but these four probably come close to balancing each other!

-- Alan
 
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