Hybrids: Save Gas, Loose money
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YA RLY.
Joined: Dec 2005
Posts: 610
From: Saginaw, MI
Re: Hybrids: Save Gas, Loose money
YA RLY.
Joined: Dec 2005
Posts: 610
From: Saginaw, MI
Re: Hybrids: Save Gas, Loose money
Still, Bell thinks hybrid cars will hold their value at least as well as, if not better than, regular, non-hybrid vehicles. "We don't see any reason at this point to think that a hybrid is going to track along as an outstanding value and then suddenly crash," he said. In spite of increased production, hybrid systems will likely remain rare enough to command a premium among used car buyers, Bell said.
now Insight, had an HCH
Joined: Dec 2004
Posts: 589
From: Northwest Florida
Re: Hybrids: Save Gas, Loose money
Ohhhhhh K. Sure, no one wants a hybrid. SUV's are the hot thing. (sarcasm intended) I saw a very nice full size Tahoe the other day for a whooping $2500. Soo, I suppose I'll "save gas - lose money" instead of lose gas AND money in an SUV.
I know there is always the alternate option of the normal gas vehicles that get "good" mileage. That might be what I do next time, but I doubt it. I'll be a repeat hybrid buyer.
I know there is always the alternate option of the normal gas vehicles that get "good" mileage. That might be what I do next time, but I doubt it. I'll be a repeat hybrid buyer.
Try posting positive things once in a while, it does wonders for credibility
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Re: Hybrids: Save Gas, Loose money
"Figures originally published in Consumer Reports magazine on March 1 showed the cost gap being much larger and none of the hybrid vehicles saving owners any money. A correction posted to the magazine's Website Wednesday morning adjusted for a miscalculation in the rate of depreciation. The corrected figures narrow the gap, but all the hybrid vehices still depreciate at a faster rate than non-hybrids, according to the magazine."
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Re: Hybrids: Save Gas, Loose money
Originally Posted by rigger
Try posting positive things once in a while, it does wonders for credibility
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Joined: Aug 2005
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From: Thousand Oaks, CA
Re: Hybrids: Save Gas, Loose money
Key words "...according to the magazine." And all they are doing is estimating. Go get some real world figures. I saw an '04 Prius with 47,000 miles on it selling for $600 less than I bought my '05 for new. Assuming it sold for that price it means it lost 1.2 cents per mile. Obviously that won't hold up as supply increases, but project that over 100K miles and that brings the sellable price down by $1276! Not a whole lot of depreciation going on there..... yet.
I see no reason to believe that hybrids will ever depreciate *more* than non-hybrids. At the same pace, maybe (not in the short-term), but depreciate faster? Makes me wonder who's putting pressure on resources like CR to publish that.
If being on a mission to discredit hybrids because you got a lemon made sense, then cars would have never caught on at all. As far as I know, lemons exist in every *non*-hybrid car out there as well, no matter how highly regarded.
Rick
I see no reason to believe that hybrids will ever depreciate *more* than non-hybrids. At the same pace, maybe (not in the short-term), but depreciate faster? Makes me wonder who's putting pressure on resources like CR to publish that.
If being on a mission to discredit hybrids because you got a lemon made sense, then cars would have never caught on at all. As far as I know, lemons exist in every *non*-hybrid car out there as well, no matter how highly regarded.
Rick
