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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

My Recommendation for Car Shoppers

TrueCar, Edmunds, 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.

New York Tri-State Residents - Important:

There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.

- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
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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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