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Fine, buy your cars based on the belief that OPEC will continue to flood the market with oil!
OPEC has lost control of the market right now. They might not get control back for a while. Legal barrels from Iran, Russian desperation, weak economies in other oil producers and the slowing Chinese economy are ruining the OPEC attempts to control the price. Another factor is if OPEC could get the price up to $60, the US producers would start to ramp up. This presumes that there are no unforeseen events.
Fine, buy your cars based on the belief that OPEC will continue to flood the market with oil!
Even if it's $4 a gallon it will take a long time to break even. Sometimes they just don't make sense, unless your reasoning is environmental. I don't buy my cars based on fuel prices, I base it on what I need it to do.
Even if it's $4 a gallon it will take a long time to break even. Sometimes they just don't make sense, unless your reasoning is environmental. I don't buy my cars based on fuel prices, I base it on what I need it to do.
My Volvo wagon gets 17mpg which comes out to about 50 gallons of gas a month. At $2.50 that's $125 per month. With an equivalent hybrid I'd get 40 mpg at least, for 21 gallons per month for a $72/mo savings. That's over $800 per year and $4000 over 5 years.
With gas at $4/gal the difference is $116/month, $1392/yr, $7000 over 5 years
The only way the hybrid doesn't save you money is if you're one of the few people in this country that doesn't commute in traffic
Last edited by thejackalope; 12-16-2015 at 01:35 PM..
Some valid point here regarding what you need vs what you want. Also like the insight of get what you need the car to do for you. Right now we are running about 50-100 miles per day with school and sports. Getting a hybrid would save us a few bucks now but a ton later when gas goes back up like mentioned above. It's only a matter of time before we are over $4 a gallon again. Buying a hybrid when gas is cheap could pay of big time
My Volvo wagon gets 17mpg which comes out to about 50 gallons of gas a month. At $2.50 that's $125 per month. With an equivalent hybrid I'd get 40 mpg at least, for 21 gallons per month for a $72/mo savings. That's over $800 per year and $4000 over 5 years.
With gas at $4/gal the difference is $116/month, $1392/yr, $7000 over 5 years
Right, and the hybrid will be at least that much more upfront. Also most hybrids will not get you from 17mpg up to 40. Average is more like 27 mpg to 38 mpg. of course it depends on which one. I has a rental hyundai sonata, or whatever there large sedan is. it averaged 36mpg, which was great, I loved it, but the regular version got 24mpg avg.
Right, and the hybrid will be at least that much more upfront. Also most hybrids will not get you from 17mpg up to 40. Average is more like 27 mpg to 38 mpg. of course it depends on which one. I has a rental hyundai sonata, or whatever there large sedan is. it averaged 36mpg, which was great, I loved it, but the regular version got 24mpg avg.
I'm guessing you weren't commuting with your rental car
In the typical traffic and/or city driving people commute in, hybrids will easily get over 40mpg while conventional cars will struggle to break 20mpg. And then SUVs are even worse
Right, and the hybrid will be at least that much more upfront. Also most hybrids will not get you from 17mpg up to 40. Average is more like 27 mpg to 38 mpg. of course it depends on which one. I has a rental hyundai sonata, or whatever there large sedan is. it averaged 36mpg, which was great, I loved it, but the regular version got 24mpg avg.
I'm looking on Craigslist and there is a Honda Insight for $10k, vs $8500 I paid for the Volvo. It's also 5 years newer! So $1500 more but would save $4000 over 5 years even with low gas prices
Some valid point here regarding what you need vs what you want. Also like the insight of get what you need the car to do for you. Right now we are running about 50-100 miles per day with school and sports. Getting a hybrid would save us a few bucks now but a ton later when gas goes back up like mentioned above. It's only a matter of time before we are over $4 a gallon again. Buying a hybrid when gas is cheap could pay of big time
Yea, I use to do 800mi per week. I had an older subaru paid off, I actually saved money by buying A brand new yaris at 40mpg, even after payments it was cheaper to run. I looked at a prius that got 50mpg but the cost difference would have taken 10 years to break even, That was about 6 years ago when it was close to $4 a gallon. you just have to do the math.
I'm looking on Craigslist and there is a Honda Insight for $10k, vs $8500 I paid for the Volvo. It's also 5 years newer! So $1500 more but would save $4000 over 5 years even with low gas prices
You can definitely make it work, especially buying used. As long as the math works.
I'm looking on Craigslist and there is a Honda Insight for $10k, vs $8500 I paid for the Volvo. It's also 5 years newer! So $1500 more but would save $4000 over 5 years even with low gas prices
Why are you comparing a Volvo wagon to a Honda Insight?
Here is a realistic comparison:
2013 Chevy Tahoe base (mpg15c/21h) cost started at $41k and the 2013 Tahoe hybrid (mpg 20c/23h) cost around $54k. Even if you add $9k of options to the base Tahoe you would need at least 10 years to make up the difference by better gas mileage. This is why nobody bought the GM hybrids and GM cancelled them a year ago.
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