Which Hybrids Make Financial Sense to Purchase?

Posted on May 8, 2008 by LCT Magazine

Some Hybrid Vehicles Now Make Financial Sense According to Edmunds.com

SANTA MONICA, Calif. - Car buyers who want to save money at the gas pump are increasingly looking to more fuel-efficient vehicles such as hybrids to meet their needs. But hybrids command a price premium that often outweighs any potential fuel savings. Edmunds.com, the premier online resource for automotive information, has released a new study that highlights which hybrid vehicles will end up saving consumers money in the long run.
"Environmentally conscious consumers have been drawn to hybrid vehicles since day one and were willing to pay a premium for them," said Jesse Toprak, Edmunds.com's Executive Director of Industry Analysis. "But now as a result of  lower price premiums, higher gas prices and, in some cases, tax credits, it won't take long for  onsumers to offset the price premium and actually save money by buying a hybrid - depending on which one they choose."
Edmunds.com's data indicates that the Toyota Camry Hybrid is the best bet for the financially minded consumer; the difference in price between a Toyota Camry Hybrid and the Toyota Camry can be recovered in less than two years. The owner of a Lexus LS600h, on the other hand, would have to drive over 1,000,000 miles to cover the additional cost of the vehicle over the non-hybrid LS460L.
"When deciding whether to trade in a vehicle to improve fuel efficiency, check the Edmunds.com True Cost to Own  figures to understand the big picture," suggested Edmunds.com Consumer Advice Editor Philip Reed. "In the long run, it may save you money, but just how long is that 'long run?'"

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

July 18, 2017

Getting It Wrong On Uber’s Return To Austin

See Exhibit A on the misleading spin the limousine industry faces when exposing the unfairness of TNCs.

July 18, 2017

Comic Conventions Can Be A Geeky Goldmine

It’s time to tap into your inner nerd and expand past traditional tradeshow group transportation.

July 6, 2017

Welcoming All Back To The New LCT Blog

JIM LUFF: I'm not retired, tired, or tuned out. Just immersing in other areas of the industry.

March 8, 2017

Immigration Issues Can Hit Limo Operators

Illegal or not, immigrants in one California region spend hard-earned money on renting stretch limousines.

March 1, 2017

Did The Dent Fairy Come To Visit You?

Unlike the tooth fairy and baby teeth, the dent fairy never runs out of vehicles.

See More

Facebook Comments ()

Comments (0)

Post a Comment



See More

LCT Store

LCT Magazine - July 2017 $12.95 COVER STORY: * Why These Titans Work So Hard to Give it Away * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close