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This makes no financial sense; SUV vs. Hybrid

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Originally posted by: jagec
Originally posted by: fisher
i wasn't, i was just curious because most people that support hybrids are anti-suv. wasn't sure if one cancelled out the hatred for the other or not. it was actually my attempt at a serious question in this thread.

I'd imagine it would...if they don't hate regular car drivers, why would they hate someone who drives a vehicle that gets the same mileage?

ESPECIALLY if they actually need the space. I say :thumbsup:

well that's what i was curious about. fuct logic imho (it's only okay to need the space if it's a hybrid, otherwise you're the devil for driving an suv and you don't really need it) but an acceptable answer.
 
i wasn't, i was just curious because most people that support hybrids are anti-suv. wasn't sure if one cancelled out the hatred for the other or not. it was actually my attempt at a serious question in this thread.

I'm pretty "anti-suv" for all intents and purposes simply because I think wagons or minivans would suit most people as well, if not better and provide better milage, cargo and people hauling capacity, shorter stopping distances, and lower the death tolls in traffic accidents.

The only real reason that we considered the Highlander is simply because it's the only hybrid besides the Ford Escape to offer any sort of real life practicality in a non-hideous design.

If Subaru or Volkswagen offered a similar technology in their wagons we would certainly consider those over the Highlander. We simply need a wagon/hatch type vehicle to haul around a 75 pound dog and make the frequent trip to Home Depot for mulch or potting soil.
 
Originally posted by: FlyLice
but you can't live without money 😕

Well, you CAN live without money...it's just difficult.

But you can't live without food...yet not everyone is obsessed with it, and not everything in life is about food.
 
Originally posted by: fisher
well that's what i was curious about. fuct logic imho (it's only okay to need the space if it's a hybrid, otherwise you're the devil for driving an suv and you don't really need it) but an acceptable answer.

Well, MY logic is if you need the space, by all means drive an SUV. You get bonus points for driving a hybrid SUV. If you DON'T need the space, it's certainly not my place to tell you NOT to drive an SUV, but it does strike me as being somewhat environmentally irresponsible. This can be partially ameliorated by driving a hybrid.

If you drive an SUV because it's trendy...well, I hate trendy things, and I know that's illogical😛
 
Originally posted by: jagec
Originally posted by: fisher
well that's what i was curious about. fuct logic imho (it's only okay to need the space if it's a hybrid, otherwise you're the devil for driving an suv and you don't really need it) but an acceptable answer.

Well, MY logic is if you need the space, by all means drive an SUV. You get bonus points for driving a hybrid SUV. If you DON'T need the space, it's certainly not my place to tell you NOT to drive an SUV, but it does strike me as being somewhat environmentally irresponsible. This can be partially ameliorated by driving a hybrid.

If you drive an SUV because it's trendy...well, I hate trendy things, and I know that's illogical😛

I will make that my word of the day 🙂


 
Originally posted by: FlyLice
but you can't live without money 😕
Sure you can, it's much more difficult in todays society that is obsessed with wealth. Also, you may want to gain an understanding of what "money" is.

Life does not revolve around wealth. Many entities in todays society want you to believe that life is all about wealth, they are wrong. If your whole focus in life is to acquire wealth, then you have a world of hurt coming to you in the future.
 
Originally posted by: jagec
Originally posted by: fisher
well that's what i was curious about. fuct logic imho (it's only okay to need the space if it's a hybrid, otherwise you're the devil for driving an suv and you don't really need it) but an acceptable answer.

Well, MY logic is if you need the space, by all means drive an SUV. You get bonus points for driving a hybrid SUV. If you DON'T need the space, it's certainly not my place to tell you NOT to drive an SUV, but it does strike me as being somewhat environmentally irresponsible. This can be partially ameliorated by driving a hybrid.

If you drive an SUV because it's trendy...well, I hate trendy things, and I know that's illogical😛

i can completely respect that. i wish more people thought like you!
 
Guys, he said the explorer was '92 - that's 13 years old. He had to buy a new car soon, and rather than supporting his old explorer with maintanence bills, he decided to get a new car - AND save money on gas. I don't see what the fuss is all about.
 
Originally posted by: SampSon
Originally posted by: FlyLice
Originally posted by: SampSon
Apples to oranges.

That accord will last longer than the explorer will.

but what if someone rear ends him and the batteries break, leak and emit poisonous fumes into the environment!?! Oh nos@1!!
go go gadget insurance adjuster!

LOL!
 
hmm guys there is A LOT OF advantages for hybrids on a financial level. There are tax breaks for one (don't know if non-business owners qualify).

However hybrids hold there value extremely well, sometimes (due to demand in certain areas appreciating).

You do have to be a driving fool to enjoy the gas benefits though, even 1500 miles a month, every month probably won't cut it.
 
Originally posted by: JulesMaximus
Originally posted by: fisher
Originally posted by: JulesMaximus
Originally posted by: EyeMWing
I know a guy that drove a '92 Explorer. Was in GREAT shape, he loved that truck. But he didn't like paying for gas. So he sold the Explorer for $1000... and bought a BRAND NEW Accord Hybrid.

Lets say the Explorer did 15mpg. The Accord Hybrid does 37mpg, and initially cost $30,000. At $3/gallon, how the hell many miles does he need to drive to make this make any damn sense? It hurts my head.

What does a new Exploder cost?

$30k for a new Exploder vs $30k for a Hybrid Accord...I don't see a problem with this.

he didn't need a new car. he only wanted to stop paying his gas bill. read the post. thanks.

No, I guess we could all keep throwing money at our aging cars for 30-40 years if we wanted to. Maybe he just lied to you because he thinks you're a moron and didn't want to argue with you over his reasons for buying a new car. Did that ever occur to you?

My first thought. People on ATOT, who are mostly technical people, only analyze WHAT people say. They don't analyze WHY they say it.

The OP is one of those people who always thinks he is right, and that he can fix anything. He's never wrong, and he's only about 18 years old.
 
at $3 per gallon it will take 252,273 miles for the gas savings alone to pay for the $30000

A / 15 = b1
A / 37 = b2
b1 -b2 = 10000

a = 15b1
a = 37b2
b1 = 37(b2)/15

2.4666666667(b2) - b2 ~ 10000
1.4666666667(b2) ~ 10000

b2 ~ 6818.2 gallons
b1 - 6818.2 ~ 10000
b1 ~ 16818.2

a / 15 ~ 16818.2 ... a ~ 252273
a / 37 ~ 6818.2 ... a ~ 252273.4 (differences due to rounding)


Of course you also need to figure in maintenance & repair costs ......
 
I agree I came up with 243863.636 miles to make up the 29k difference between selling and buying. This is assuming constant gas price, no time value of money, no lost money on loan for car, etc. just the numbers you gave.
 
Originally posted by: Yax
Originally posted by: EyeMWing
I know a guy that drove a '92 Explorer. Was in GREAT shape, he loved that truck. But he didn't like paying for gas. So he sold the Explorer for $1000... and bought a BRAND NEW Accord Hybrid.

Lets say the Explorer did 15mpg. The Accord Hybrid does 37mpg, and initially cost $30,000. At $3/gallon, how the hell many miles does he need to drive to make this make any damn sense? It hurts my head.

So he sold the Explorer because of gas, but you didn't mention why he bought the BRAND NEW Accord Hybrid except for the fact that it was "BRAND NEW". How are they related?


maybe because of gas mileage ?!
 
a quick rough calculation shows he would save $1000-$1500 on gas every year. Let's average that at $1250. Also he get's 3 years warrany which saves on the cost of repairs (assume $500 per year for the truck). On the other hand insurance would be more expensive for the Accord, let's say $500 more per year. Down the road, after 3 years, the mainenance and repair costs of the Explorer (assuming he would keep it at least 5 more years, you said it's in "great" condtion after all) will always be higher then that of the Accord, let's say $250 more per year. But the accord will depreciate at a rate of $3000 per year for the first 5 years, while the explorer is already worthless (almost, so assume 0 depreciation). There is also the financing cost for the Accord, asumming a cheap load rate of around 3%, the financing cost would run $500/year for 5 years. Putting all this together, the grand total difference in cost of ownership is about $2500/year more for the accord. That's actually not a bad deal for driving a brand new car with bullet proof reliability compared to a 15 year old wreck.

And consider that after the next 5 years, he could keep the accord for maybe 5-10 more years, and have a much lower cost of ownership, while if kept the truck, he would need to get another car within those first 5 years, which would then increase his cost of ownership, most likely to at least the same point as the accord (and probably higher). So let's assume that after the next 5 years the cost of ownership of whatever vehice he gets is the same as that of the accord (which would be 5 years old). Therefore, the total difference in cost would come from these first 5 years, and would amount to 5x2500=12500. That's not really as disasterous as you put it initially, and in fact is quite reasonable for the privilege of driving a perfectly good new car vs an old wreck, even if it's not the most exciting car.
 
Originally posted by: SuperTool
30K for an accord?
I would never pay that. He should have gotten the Accord LX 4 cylinder. It's plenty fast and cost 19K.

you don't understand. its the highest model of the accord. beyond ex... its essentially a luxury hybrid. 255hp.

and well..as for the explorer and whatever. who cares if he's not saving money, the accord is a sweet ride. newest safety features and what not. the explorer is probably an absolute turd compared. and the emissions....big difference.
 
Originally posted by: vi_edit
Originally posted by: fisher
Originally posted by: vi_edit
Originally posted by: fisher
Originally posted by: spidey07
at 3 bucks a gallon...averaging 1500/month (could be much more)

15 mpg = 100 gallons = 300 bucks a month.
37 mpg = 40 gallons = 120 bucks a month.

double that and you have 600/mo and 240 a month.
a big difference of 360 bucks a month, which could pay for the car.

on a 30k car? plus you have to remember that these things need an expensive battery change every few years. so throw that in there as well. seems to be the wise choice is to spend less on a regular accord and get 29 mpg, but i'm silly.

If by few you mean 10. Or at least that's what Toyota says the lifespan are. I would assume Honda would be similar.

speaking with honda techs i've been lead to believe it was more like 4-5 years. but they could be wrong, they just wrench on these things all day.

Being that Honda offers an 8 year, 80,000 mile warranty on the batteries...either you are lying out your ass or the techs sure are.

http://automobiles.honda.com/models/acc...p?ModelName=Accord+Hybrid&function=faq

Q: How long does the battery pack last?
A: The battery pack comes with an 8-year/80,000-mile (limited) warranty, but the pack is designed to last longer under normal driving conditions.

Here is what you are missing. The tech is on the mark. The battery is expected to last 100,000 miles. If you drive 100,000 miles in less than 8 years, they would probably not consider that "normal driving conditions" (like living in Atlanta, where 30k a year is almost "normal"). Replacements are very expensive. I think the Prius battery pack is $7000. I thought I remember the Honda's being cheaper, but I think it was $5,000.

These are Lithium Ion batteries, recycling and disposal can be an issue. Bad charging can be a fire. 😉

And on battery tech catching up... In the 80's, they were saying that battery tech would be here by now to do electrics that could meet consumer requirements. Not at less than 100 miles on a charge! Autoweek had a quote in the 80's that still rings true. "There are liars, damn liars, and battery engineers." 😉
 
Originally posted by: Skoorb
Originally posted by: halik
Originally posted by: Skoorb
Originally posted by: jagec
Originally posted by: EyeMWing
He's a truck guy. And his ENTIRE justification is that the damned thing is "cheaper".

OK, so he's dumb. But he must have at least wanted a new car, so you can't compare the $30,000 to what he saves in gas...you'd have to compare it to, say, the price of a new Explorer.
But he said the entire justification was money, so there's no need to compare it to a new explorer. The comparison should be to the old one!


eventually there will be need - plus he gets EQUITY of ~30K. It's not like his 30K is gone, it's just tied up in the car
Nonetheless, the money saved by not having payments on the ford, and having lower insurance costs on it (while including repairs), vs. the higher insurance and new costs on an accord, even after gas savings, would net him far greater net worth if the monetary difference was put elsewhere, like the stock market.

From a monetary standpoint this is a bad investment with gas prices in the same ballpark they are now. It's really very simple math in that aspect.

For the moment when people want more hybrid cars than companies are able to produce, the price of the used cars will remain high. When the demand will be lower than the production, the prices will dive.
 
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