posted on Jan, 18 2009 @ 04:14 PM
It's all personal choice. Like to buy a BMW or a Dodge. And what you use it for. I tow a horse trailer, get supplies from Home Depot and Costco,
so I need something bigger.
Right now the choice is between a $40,000 hybrid or a $20,000 SUV plus $20,000 in gas. However the cost over 100,000 miles is nearly the same.
For the SUV; let's say the average cost of gas is $3/gallon. $20K in gas is 6,667 gallons. At 15mpg that's 100,000 miles. If you put 10% down
you'll finance $18K, at 10% interest your 48 month payments are $456, for a total of $22K plus the $2K down ($24K). Also the resale value would be
about half, so $10K. The end cost is $44K with $10K back if you sell it, so $34K. Monthly costs for gas (assuming 15K miles/year) is $250, with
payment total is $706.
For the Hybrid; 100,000 miles at 30mpg average will require 3,333 gallons, at $3/gallon that's $10,000. If you put 10% down you'll finance $36K, at
10% interest your 48 month payments are $913, for a total of $44K plus the $4K down ($48K). Also the resale value would be about half at $20K. The
end cost is $58K with $20K back so the cost is $38K. Monthly cost for gas is $125, and with payment monthly cost is $1,038.
If the hybrid averages 40mpg and the SUV cost is a bit higher, than the costs are pretty much equal.
I believe global warming is tied to sun cycles and methane released from the oceans more than cars, so that's a non-issue for me. I don't like
toxic emissions, but newer cars are cleaner than ever, often the exhaust is cleaner than the air taken in which is a case against using old cars for
daily drivers. But no one has yet figured out how to recycle toxic batteries used in hybrids. So I think the hybrid batteries create an
environmental risk that for me are not worth it.