1977 said:
I found it funny that you'd have to drive the hybrid 144,000 miles to make up for the benefit of owning one as opposed to the gas version civic. They didn't mention that the electrical portion of the hybrid probably will need at least some sort of maintenance or repair by then. How much will that cost.
I'd go with the gas version.
You make a good point at doing the payback analysis on a gas versus hybrid. While hybrid vehicles offer very high gas mileage there are comprable gas vehicles that do approach the average mileage of a hybrid but are less expensive to purchase and maintain. It doesn't make much sense to purchase a hybrid to save money on gas when your total cost of ownership is actually higher than purchasing a gas vehicle.
Keep in mind also that many hybrid vehicles are very expensive and, due to their recent popularity, often are sold at markups thousands of dollars above MSRP. Take for example the Toyota Prius. It has gotten a lot of press and Toyota is selling them as fast as they can bring them in. I've read reports that many dealers are marking them up $5,000
ABOVE MSRP. That base price of a Prius is already $21,275. With options and dealer markup it is very common for people to pay closer to $30,000 for one of these vehicles.
http://www.toyota.com/prius/
Contrast that with the KIA Spectra. This is a vehicle that is rated to get 25/32 mpg. Not bad. Then look at the base sticker price and it is only $13,390. Plus many of these are discounted further at the dealer, not marked up.
http://www.kia.com/newspectra/index.php
Another example is the Chevy Aveo. Again it is a comprable gas vehicle that gets reasonably good gas mileage. Plus the base sticker price is only $9,995!
http://www.chevrolet.com/aveo/?seo=...MC9ODC14409P460380B457672S0&cp_keyword=892953
In the PM article it was pointed out that it would take 144,000 miles of use before the hybrid version of the Honda Civic would save enough money in gas to pay back its premium over the gas version. And that is only for a difference in price of just $1440. How about a difference in price of $10,000 or $15,000 when compared to other, less expensive economy cars. I just can't see paying twice the money for a Prius that I would for any ordinary economy car. Or paying just as much for a Prius as I would a fully loaded SUV. It doesn't make sense.