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Study: Hybrid cars save money in long run
An Intellichoice.com study finds that hybrid cars, whose fuel efficiency alone may not justify their higher initial purchase price, are in fact more economical in the long run. When you factor in financing, fuel, insurance, state taxes and license fees, repairs, maintenance and depreciation, over five years a Prius will cost $13,408 less than a similar-size non-hybrid sedan.
Hybrids retain their value better than conventional cars, have moderate maintenance and repair costs and, of course, there are those lower fuel costs. Hybrids also benefit from federal tax credits, which this year can range from $250 to $1,950.
Straight to the source:
Hybrid autos save money in long run, study finds (LA Times)
Additional links:
HybridCARS.com
« UPDATE: EPA to deny 'Brokovitch' carcinogen for residential use |
Comments
In my country, hybrid cars are not papular at all. People only consider about the price. That is a shame. I hope that many people see this news so that they are concerned in our environment.
Thanks for good news.
Posted by: Mi-Young | January 12, 2007 11:28 AM
I certainly feel guilty for driving my Honda V6. It gets great gas mileage but if I could go back in time I'd get a hybrid.
Posted by: Beth | July 4, 2007 1:45 PM