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Most Hybrids Won't Save You Money on Gas

April 29, 2010

Hybrids Cost MoneyCar shoppers interested in buying a Hybrid vehicle with the sole purpose of saving money on gas should reconsider.

A study by Investopedia.com found that it can take as long as 21 years to recoup your investment depending on the model you purchase. In many cases, the hybrid version costs several thousand dollars more than the non-hybrid or similar non-hybrid one.

If you do want to save money on gas, a low-cost electric car may be a better option.

The Ford Fusion Hybrid, which only costs $3,200 more than the non-hybrid version, is the only hybrid which allows you to recoup your investment in less than 10 years.

Here is the breakdown for the most popular hybrids:

VehiclePrice DifferenceYears to Recoup Investment
Ford Fusion Hybrid$3,2005.6 years
Mercury Milan Hybrid$6,30013 years
Toyota Camry Hybrid$6,00015 years
Honda Insight$5,60016.5 years
Honda Civic Hybrid$8,00017 years
Toyota Prius$12,60520 years
Nissan Altima Hybrid$6,00021 years

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My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

About: Gregg Fidan


Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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