Top 10 Hybrids That Will Really Save You Money

Top 10 Hybrids That Will Really Save You Money

lincoln,MKZ hybrid,best buy,mpg

2013 Lincoln MKZ Hybrid-The Best Buy

“Hybrid” has become a magic word that’s synonymous with fuel economy for many car buyers, thanks mainly to the Toyota Prius. The common assumption is that the hybrid version of a car will deliver great fuel economy–or at least better mpg than a comparable gas version, resulting in a more economical vehicle to own. While the fuel economy part of that line of thinking is correct, as you probably know, the total cost of owning a vehicle is much more than the cost of the fuel you put in it. In fact, according to some analysts, the fuel portion of vehicle ownership is only about one-fourth to one-fifth of the cost of owning a vehicle. It’s a higher percentage for non-hybrid models (27 percent compared to 20 percent for hybrids on average) according to the Michigan-based automotive analyst organization, Vincentric.

That company looked at 36 hybrid models from 2012 and 2013 (and 12 trim levels within those models) and their conventional counterparts and found that when you look beyond fuel economy to the initial cost of the vehicle and expected depreciation, not all hybrids delivered a lower cost of ownership. They found the incremental cost of a hybrid car or truck to be on average $5,285 more than a conventional model.  The good news is that cost differential has gone down by more than $3,000 compared to Vincentric’s similar comparison last year. Hybrids make up some of that cost differential by having better residual values (the value of a car at the end of a lease or ownership, in this case after five years) and of course deliver great savings in fuel costs. But overall, hybrids, again on average, during a five-year, 100,000 life will cost $1,582 more than a non-hybrid model.

Cost of Ownership Lower For Some, But Not All

In spite of those discouraging numbers, hybrids continue to increase their popularity and Vincentric found that among the 36 models, some did deliver better total cost of ownership than conventional models. Some did not,

ford,fusion hybrid,best buy, mpg

2012 Ford Fusion-Better Buy than the 2013?

including the Honda Civic Hybrid, Toyota Prius Liftback (the best-selling hybrid) and some models of the popular Ford Fusion Hybrid.

Vincentric made the comparison based on heavy use, typical of commercial fleets, assuming 20,000 annual miles drive over five years. As well, they took into account depreciation, financing, fees and taxes, fuel, insurance, maintenance and repairs.

What you will notice in this compilation is that some of the more expensive luxury hybrids ended up delivering better value because of the significance of the fuel savings as well as higher residual value. Of note is how some of the most popular hybrid models fared–the three Prius models (c, Liftback, V). The problem with these three is there are no exact comparable models, so Vincentric compared the Toyota c to the Toyota Yaris (on which it is based), the Liftback to a Corolla and the V to a Matrix.  In order, after five years, the c cost $624 less than the Yaris while the Liftback cost $1,823 more than the Corolla and the V did the best of the three, coming in at $1,707 less than the Matrix.

So, here are 10 models that Vincentric said will deliver the best return after five years. These are the hybrids that actually will save you money in the long run.

Top 10 (*good comparison car, i.e., a non-hybrid version of the same model)

*2012 Lincoln MKZ Hybrid (which is offered at the same price as conventional MKZ)

*2012 Mercedes-Benz S-Class Hybrid S400HV

*2013 Porsche Panamera Hybrid S

2013 Lexus HS 250h (now out of production)

*2013 Toyota Avalon Hybrid XLE Premium

*2013 Lexus ES 300h

*2012 Ford Fusion Hybrid (not as good in 2013)

2013 Honda Insight

*2013 Toyota Highlander Hybrid

2012 Toyota Prius V

The range of savings among the Top 10 is fairly large, from $6,402 for the Lincoln MKZ to $1,707 for the Prius V. Spread out over five years, the Prius V savings equal a little more than $340 a year, or a little less than a $1 a day. The glass half full version of that is: You’re saving money every day. That’s what hybrids have promised and many deliver. The promise is even more will deliver better savings in the future as the incremental cost of hybrid systems continue to drop due to improvements in technology and increased production.

For more articles on this subject, check out:

The Top 10 Best-Selling High-MPG Cars in May 2013

Microhybrids Are Big MPG Boosters, Report Says

The Top 10 2014/2013 AWD & 4WD SUVs/Crossovers With the Best MPG

Your Money – Save Gas, Save The Planet Excerpt

Your Money – Save Gas, Save The Planet Excerpt

By John Addison

Excerpt from the Prologue of Save Gas, Save the Planet: John Addison’s book about hybrid and electric cars, pathways to low carbon driving, and the future of sustainable transportation. © 2009 John Addison. All rights reserved.

Your Money

Your vehicle is your second biggest expense. You spend the most on your home, which can be a good investment; a car can only be a big expense. Save Gas, Save the Planet is full of ways to save money and use less gasoline. People share tips and stories about how they save by riding smart, riding less, riding together, and riding clean.

A study by the American Automobile Association (AAA) shows that the average cost of owning and operating a passenger vehicle is 54.1 cents per mile.The IRS allows you to deduct 55 cents per mile for business. This is over $8,000 per year per vehicle, based on 15,000 miles of driving. Depreciation is part of that cost. Anyone who has bought a car for $20,000 and later sold it for $5,000 understands depreciation. Fuel, maintenance, tolls, parking, insurance, and tickets add up. Most households have two vehicles, costing them over $16,000 per year. New cars are expensive. Save Gas, Save the Planet will help you decide on the best choice for you. Electric vehicles, plug-in hybrids, and new fuels are explained including your choices today and by the end of 2010. Yes, better technology will help solve the problems of oil addiction and increased greenhouse gases. However, we are forecasted to expand from 800 million cars being driven to triple that amount. 2.4 billion cars trapped in gridlock are not the solution, even if they all run on renewable electricity.

Most do not need to rush into a new car decision. Millions are cutting car use by more often riding together and driving less. Many people are reducing the total number of vehicles they own. More are switching to transit and car-sharing programs. A growing number enjoy living car-free.

Save Gas, Save the Planet will help you lower your transportation costs. Save 2,000 miles per year by skipping rides, or sharing rides, and you save $1,000 per year. In the United States, people drive alone 93 percent of the time. Eliminating a few solo trips quickly adds up.

We drive 2.7 trillion miles per year in the United States, consuming 142 billion gallons of gasoline. In addition to the petroleum used to make that gasoline, a similar quantity of petroleum is used to produce the diesel demanded by heavy-duty vehicles, jet fuel for airplanes, special fuels for the military, and even for the asphalt that carries our vehicles.

We have more than 240 million vehicles in the United States; there are more vehicles than eligible drivers. The number of miles Americans drive has tripled in the past 50 years.

In addition to personally saving thousands, you can help the nation save billions. The United States government estimates that congestion created from commuting to and from work causes 3.7 billion hours of lost productivity annually, costing 92 million work-weeks and the nation $63 billion in wasted time and fuel. People stuck in traffic breathe harmful emissions such as particulates, nitrous oxide, and carbon monoxide. The health costs resulting from these pollutants are in the billions. In addition, by the time people get to work, they are stressed and less productive. We are spending more time on the road, stuck in traffic, burning fuel, and emitting pollutants. Instead, we can be intelligent about how we get around, work, shop, connect with others, and save money.

Visit Amazon for free look inside or discount on paperback and kindle ebook.

© 2009 John Addison. All rights reserved.