Saturday, September 27, 2008

Are Hybrid Cars Really Worth the Extra Cost?

As everyone already knows, the prices of gas are soaring throught the roof. It's not uncommon to go to the pump, fill up and spend 70dollars or more on a tank of gas. In order to save money, many Americans are turning to hybrid cars. Such manafacturers as toyota, honda and even General Motors are offering hybrid automobiles to the public. While these vehicles do consume less fuel then their non hybrid counterparts, they also cost more. For example a brand new hybrid Cadillac Escalade Hybrd will run the consumer $71,685, which is about $3,600 more than a similarly equiped non hybrid model. While the consumer pays almost four grand more for the hybrid version, they would have to keep the car for a significant amount of years to make up for that cost in fuel. Basically you would have to keep the car for a much longer time then planned in order to benefit from the hybrid model being that your spending an extra $3,600 dollars on the car rather than gas.

No comments: