Quote:
Originally Posted by mgt04
Its just not cost effective...at $40K buy yourself a Ford Focus, Honda Civic, Corolla, or even a Prius and it'll take you like 10-15yrs just break even with just the cost of the Volt vehicle. And no one knows the cost implications of your electricity bill. We all see what happens in the summer when the air conditioning is on.
|
I'm excited about the car, despite not being in a position or need to get a new vehicle. The fact that it might be the first to hit triple digits is exciting.
I did some checking of your estimate.
I'm using 12,500 miles each year by the average driver (roughly based on 3 estimates I found - 12k, 13k and 15k).
And the average new vehicle gets 22 MPG.
569 gallons for average driver, average car in the average year.
Average cost (as of two days ago, not yearly average) per gallon is $2.65
So best case, an average driver with an average car in average town could save $1500 / year.
I'm closer to 30k miles / year - roughly the same 22 mpg.
So I'd be closer to $3000 / year.
Pretty decent estimate from what I can tell, mgt04.
Its a lot prettier (meaner) car from what I've seen, than any of the other eco friendly cars.
Another question is, how long does the average ...
6 years is average ownership.
(based on:
Discussion Topic: Average length of car ownership in U.S. (http://knowledge.fhwa.dot.gov/cops/hcx.nsf/discussionDisplay?Open&id=B8B5E7BE067EF33D85257544 004E2071&Group=National%20Household%20Travel%20Sur vey&tab=DISCUSSION - broken link))
So roughly, the car could save $9,500 over the average period of ownership.
Or closer to $20,000 for 30,000 miles/year. (*best case - no gas purchased)
So the question for me would be, is the car worth its cost minus its savings over whatever I would have otherwise purchased?
And I've never liked the idea of leasing a car - but perhaps this would be the perfect car to lease.
Oh, also the car is supposed to include a credit for $7500 - you are probably looking at low 30's in price - if they keep the 40k price.