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Most Hybrids Won't Save You Money on Gas
April 29, 2010
Car 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:
Vehicle | Price Difference | Years to Recoup Investment |
Ford Fusion Hybrid | $3,200 | 5.6 years |
Mercury Milan Hybrid | $6,300 | 13 years |
Toyota Camry Hybrid | $6,000 | 15 years |
Honda Insight | $5,600 | 16.5 years |
Honda Civic Hybrid | $8,000 | 17 years |
Toyota Prius | $12,605 | 20 years |
Nissan Altima Hybrid | $6,000 | 21 years |
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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.Latest Weekly Car Buying Tips
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