Saturday, June 21, 2008

Hybrid vs. Gasoline

I came across an interesting article comparing hybrid cars to their gasoline equivalents, and I thought I'd pass it along. Million Dollar Journey

It's strictly based on how long it would take to repay the premium price of a hybrid with the gas savings. It isn't the final word on gas v. hybrid, but it does present the straight up price comparison very well. However, there are still many factors to consider, such as:
-Do you drive mostly highway, or mostly city/in traffic?
-How much would you pay for decreased emissions (aka, 'the green factor')?
-What's the depreciation?
-How much more would a hybrid cost in maintenance?

Personally, I would get a hybrid if my situation were different. We currently have two sedans with decent gas mileage, our primary vehicle gets around 35mpg, our secondary gets about 24mpg. We're finishing off the loans for both vehicles, and plan on keeping them until they fail us. Perhaps when that time comes (please don't let it come for at least another 100,000 miles!) the market will be a bit different and we can consider a hybrid.

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