Study finds hybrids save money in the long run

Published 09 January 07 11:30 PM | JoeFuture

Great news if you're considering buying a hybrid!  This LA Times article points to a study indicating that all 22 hybrids on the market actually save money over their competing non-hybrid models when you factor in incentives, deals on financing (huh?), insurance, state taxes, depreciation, etc.  I need to check on a couple of these points.  From what I understand, North Carolina doesn't offer a hybrid incentive yet, and I certainly didn't get an insurance discount for my hybrid.  Before I bought my HCH-II, I ran the numbers against my 2005 Pilot lease (I came out WAY ahead with buying the hybrid over 5 years vs. leasing the Pilot) and the Civic EX (they came out about even).  I'm not sure how well this will hold its value, especially since the hybrid market seems to be evolving pretty quickly, but I'm crossing my fingers someone will still want a 50mpg car when I'm ready to sell this one in another 90k miles.

Hypermiling update:  I finally finished the current tank (a bit early, albeit) today.  I ended at 511.4 miles, and a whopping 51.7 mpg!  I had two "bars" left of fuel on the gauge and the fuel light hadn't come on yet.  I filled up at just under 10 gallons for a total of $22.55.  The HCH-II has a 12.6 gallon tank, so I should have been able to get at least another 100, maybe 150 miles if I stretched it. It's like the 4 minute mile - once it was broken, everyone started doing it.  I firmly expect to get at least 500 miles on every tank from now on and will shoot for 600 on this next tank.  On the way home from the gas station, I got it up to 72.5 mpg over 4.5 miles.

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