Hybrid Cars: Which are Most Cost Effective?
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CNN posted an list of the most and least cost effective hybrid cars based upon typical usage and the cost of ownership information at Edmunds.com. The question they are trying to answer is does paying extra for the hybrid car pay off in gasoline savings?
The Toyota Prius is the number one most cost effective which takes less than 5 years to recover your investment by saving on gasoline. The Prius is no longer eligible for the federal tax credit on hybrids, but it still comes out on top of the list.
There was a high roller in the bunch — the Lexus LS600h L — it would take over 3,700 years to pay off the $15,000 premium that you must pay for the hybrid. But if you are buying a $105,000 Lexus, the return on your investment is probably not at the top of your concerns.
As the Lexus example points out, the purpose of purchasing a hybrid car may not only be about the satisfactions of saving money on gas. For some people, it may be more about just using less gasoline.
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