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Not missing, I don't think it changes much Posted by Justin VanAbrahams [Email]  (#32) [Profile/Gallery]
(more from Justin VanAbrahams) on Sat, 28 Sep 2013 11:02:54
In Reply to: Missing key part of the equation: running costs, Bill Homer  [Profile/Gallery]
, Fri, 27 Sep 2013 18:07:37
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The discussion really wasn't about fuel economy, because that's a rather different conversation. The conversation was more aimed at getting a person something reliable. If you just want to save at the pump, you have an enormous array of choices with which to do that - but everyone knows that continuing to pay $2748/yr on fuel costs less than a new car.
Still, I acknowledge that an improvement in fuel economy may end up offsetting some of the cost of the newer vehicle, but it's been shown by many people in many ways that it generally takes 5-8 years to "make a profit" with fuel factoring in the extra cost of a hybrid/electric vehicle over a comparable gas-only engined vehicle.
You can do a three year, low mile lease in a Volt for $2500+$160/mo (the best I've seen), or you can do a three year, low mile lease in a Kia Optima for $90/mo with nothing down. These two cars are very comparably equipped, drive remarkably similarly, and the Kia is bigger. I guess you might argue that "Chevy" is a better brand than "Kia," but that'd be a rough argument for me.
Using the EPA average (28mpg) the annual fuel costs on the Kia are $1714 (using your $4/g fuel number). The Kia is going to cost you $8,382 over its three year lease versus $9208 on Volt (using your electricity number). Leasing a Kia vs a Volt saves you nearly a grand.
I'm *not* saying the Volt is a bad idea, and I'm certainly not saying it's not right for you. But average people doing average driving are *rarely* served well financially by going hybrid or electric and that's been shown numerous times by numerous groups. I've personally tried to beat it the math many times, but it never works out in the short term. Over eight years you will start to see money back in your pocket, but that's a game too long for me to play. ;)
posted by 69.62.18...
, Mon, 30 Sep 2013 14:33:58, Mon, 30 Sep 2013 10:31:39, Mon, 30 Sep 2013 10:08:27, Fri, 27 Sep 2013 15:06:18
, Sat, 28 Sep 2013 07:10:35, Fri, 27 Sep 2013 19:07:10, Fri, 27 Sep 2013 17:00:05, Fri, 27 Sep 2013 18:07:37, Sat, 28 Sep 2013 11:02:54 <-- Viewing This Message, Sat, 28 Sep 2013 11:31:49, Sat, 28 Sep 2013 14:35:06, Sat, 28 Sep 2013 14:50:17, Sat, 28 Sep 2013 23:57:31, Sun, 29 Sep 2013 06:55:50, Mon, 30 Sep 2013 10:17:49, Sat, 28 Sep 2013 03:30:43, Sat, 28 Sep 2013 07:12:54, Sat, 28 Sep 2013 16:04:28, Fri, 27 Sep 2013 16:32:29, Sat, 28 Sep 2013 12:53:16, Mon, 30 Sep 2013 08:32:42
, Fri, 27 Sep 2013 17:32:03
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