Tips for Buying Lease Car

Written By: admin on March 21, 2010 No Comment

Half-breed cars have gotten more and more popular as the price of fuel continues to rise. The issue is, they really are not the best decision financially. Hybrids do offer a benefit to the environment in that they do not use as much gas as a typical vehicle, but they do not save you money in most cases.

They presume that because they’re using less gas that they’re saving cash.

Let me give you two examples. I’m going to use Toyotas to prove my point because they have probably the best made hybrids on the road right now and they also have fantastic conventional vehicles too. Toyota’s famous half-breed is the Prius. I selected to use base model prices because I have no way of knowing what each person out there would add for options and how much it would change the prices. Someone purchasing a Prius is looking to save cash on gas so for the comparison I am going to use the Toyota Corolla. A base model Corolla ranges in price from approximately $14,000-$18,000 depending on the model you selected. So, that may be a savings of approximately $3,000 to $7,000.

The reason for these numbers is because anyone that purchases a half-breed car probably has an honest commute and does plenty of driving each year.

Prius : 20,000 miles/ 60 mpg = 333 gallons of gas a year X $3/gallon = $999 in fuel expenses for the year.

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Corolla : 20,000/38 m.p.g = 526 gallons of gas X $3 = $1578 in fuel expenses for the year.

This makes a difference of $579 in fuel savings per year for the Prius over the Corolla. This does not include other factors like what are potentially dearer upkeep and fix costs for the Prius because of the newer technology.

If you compare the 6 cylinder model to the half-breed it makes sense to buy the half-breed because some of the V6 models are more expensive to purchase than the hybrid as well as the gas savings. But , anyone looking to buy a half-breed is probably going to get a four cylinder Camry for the extra gas savings so I’m going to compare those 2 models. A half-breed Camry costs approximately $25,000 and gets 40 miles per gallon on the road. The four cylinder model costs approximately $18,000 and gets 34 m.p.g on the road. So, the savings is roughly $7,000 to buy the four cylinder model instead of the hybrid.

4 cyl. : 20,000/ 34 mpg = 588 gallons X $3/gallon = $1,764 in fuel expenses for the year.

If you now own a huge pick up truck then a half-breed probably makes sense. If you’re are comparing similar cars, like the ones I discussed in this article, I think the numbers show if you’re looking at it from a financial perspective you want to go with the conventional vehicle.

If you look at things on a bigger scale then the hybrids are the best choice. If hybrids were garaged in the majority of the households across America then the gas prices would finally get lower because the oil manufacturing nations would suffer financially. It’s the old idea of demand and supply at its best. Right now there’s a great requirement for oil and the oil manufacturing countries can basically name their cost. If the demand was cut in half then they do not have as much power over their cost. Technically they could scale back their production and still command a pleasant price for the oil they do produce but either way they’re making less cash.