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GasBuddy News Article

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Payoff for Efficient Cars Takes Years

NY Times -- DETROIT — Ed Moran’s new Toyota Prius was programmed by the dealer to make him feel good about his gas savings. A dashboard display compares the fuel consumption of the Prius and his 2001 Ford pickup truck.

But opting for models that promise better mileage through new technologies does not necessarily save money, according to data compiled for The New York Times by TrueCar.com, an automotive research Web site.

Except for two hybrids, the Prius and Lincoln MKZ, and the diesel-powered Volkswagen Jetta TDI, the added cost of the fuel-efficient technologies is so high that it would take the average driver many years — in some cases more than a decade — to save money over comparable new models with conventional internal-combustion engines.



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Submitted Apr 10, 2012 By: delcomputer
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Payoff for Efficient Cars Takes Years Back to Topics
REPLIES (newest first) Post a Reply
dave27johnson
Champion Author Chicago

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Message Posted: Apr 15, 2012 12:42:55 PM

Unfortunately true.
bevmill
Champion Author Georgia

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Message Posted: Apr 11, 2012 10:21:43 PM

ok
Skunk63
Champion Author Phoenix

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Message Posted: Apr 11, 2012 1:04:46 PM

Or never.
NukeAtComEd
All-Star Author Milwaukee

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Message Posted: Apr 11, 2012 8:57:38 AM

no kidding - this and solar and wind and ethanol are all pipe dreams with no basis in real market conditions except for the government subsidies!
nb52
Champion Author Grand Rapids

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Message Posted: Apr 11, 2012 6:22:36 AM

Far too much money for this family.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 11, 2012 1:11:27 AM

Still too many $$$$....
TBONE3
Champion Author Pennsylvania

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Message Posted: Apr 11, 2012 12:53:49 AM

Sure does!
t-w
Champion Author Denver

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Message Posted: Apr 11, 2012 12:52:51 AM



so the ROI (return on investment) won't happen in my lifetime (and I don't have one foot in the grave) but I'm learning to look at this as a good progressive would;

it doesn't matter if what I DO doesn't solve the problem, as long as it makes me FEEL like I'm part of the solution then appearances are more important than facts

Focus2
Champion Author Illinois

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Message Posted: Apr 11, 2012 12:49:29 AM

But the article is talking about cost today. Technology is changing, batteries are getting better with 300 miles per charge and discoveries how to make them cheaper and more efficient are being announced often. There is benefits. With Utility companies switching over to natural gas from coal our air quality should get better too.
Bezalel
Champion Author Oklahoma City

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Message Posted: Apr 11, 2012 12:47:23 AM

AS gas prices increase, the savings appear sooner.
Dodge_Me
Champion Author Atlanta

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Message Posted: Apr 11, 2012 12:46:00 AM

That's why it's not for me.
blk911
Champion Author Colorado Springs

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Message Posted: Apr 11, 2012 12:42:04 AM

Hydrogen is the future!!
Sody33
Champion Author Las Vegas

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Message Posted: Apr 11, 2012 12:40:00 AM

This is a much more balanced article than the prior one I read on owners' satisfaction. We are satisfied so much so I wish I had bought a Prius. Instead I got a Rav4 Limited 6 cylinder. It gets good mileage but compared to my wife's Prius there is NO comparison. We use her car almost all the time and it drives well, is totally the most economical car we have ever had, just put a bit of air in the tires and a few drops of gas in the tank and run all over the state of Nevada and to Salt Lake, Utah as well. The mileage factor is so good as to be unbelievable. She rarely needs gas - tomorrow will be the first time in months and months.

As for me I have not purchased gasoline at all this year. Stick that in your ear.

[Edited by: Sody33 at 4/11/2012 12:41:19 AM EST]
Bubba44612
Champion Author Ohio

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Message Posted: Apr 11, 2012 12:39:52 AM

Bring on hydrogen power.
LilRedWagonIN
Champion Author Indiana

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Message Posted: Apr 11, 2012 12:38:30 AM

Some, like the Volt, will never pay off. After the years trying to balance the increased price with a few cents savings, the battery will go out and need to be replaced with big bucks.
Prodaddy
Champion Author Houston

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Message Posted: Apr 11, 2012 12:37:05 AM

this is a no brainer
ericbcire
Champion Author Nevada

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Message Posted: Apr 11, 2012 12:36:53 AM

Most people know alternative energy does not save money. It mostly wastes it.
singlemom27
Champion Author Ventura

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Message Posted: Apr 11, 2012 12:36:47 AM

Hybrids and EVs are not the answer!
mcmonsta
Champion Author Honolulu

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Message Posted: Apr 11, 2012 12:36:04 AM

the buy in sometimes doesn't quite justify the purchase
Double_Golden
Champion Author San Francisco

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Message Posted: Apr 11, 2012 12:33:50 AM

ok
Bleeder
Champion Author Virginia

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Message Posted: Apr 11, 2012 12:32:58 AM

If it were simple, easy and/or extremely cost efficient, it would have caught on a long time ago.
NO_SWEAT
Champion Author Toronto

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Message Posted: Apr 11, 2012 12:32:04 AM

True
KrsnaDragon
Champion Author Montreal

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Message Posted: Apr 11, 2012 12:31:40 AM

This is not shocking, and combined with also shelling out for reliability that may be dicey -- battery fires, for example -- it's no shock either that these vehicles are not flying off the lot.
WVUtailgater
Champion Author Cleveland

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Message Posted: Apr 11, 2012 12:31:40 AM

just buy a diesel
Rageagainsttm
Champion Author Tampa

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Message Posted: Apr 11, 2012 12:31:01 AM

so true
Buddy2264
Champion Author Tampa

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Message Posted: Apr 11, 2012 12:29:30 AM

I am guessing it is not all about saving money for those that buy hybrid.
frostyWV
Champion Author West Virginia

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Message Posted: Apr 11, 2012 12:29:18 AM

true
vulcan96
Champion Author Ohio

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Message Posted: Apr 11, 2012 12:28:12 AM

i sure love my ECO Cruze and it consistantly beats the EPA rating for mpg
chuckwthompson
Champion Author Charlotte

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Message Posted: Apr 11, 2012 12:25:04 AM

Over priced and over rated might be why people chose not to wait for payoff!
59glide
Champion Author New Haven

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Message Posted: Apr 11, 2012 12:25:02 AM

The hybird is to small for a plus size man like me and cost way to much diesel fuel is .30 cents more a gal. than gas

[Edited by: 59glide at 4/11/2012 12:25:39 AM EST]
arb0526
Champion Author Greensboro

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Message Posted: Apr 11, 2012 12:24:57 AM

Yes...love my TDI. 44 mpg/highway for a '98 model.

I'd love to get the new TDI but other bills right now are far more important than adding a car payment to the mix.
umitb
Champion Author Indianapolis

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Message Posted: Apr 11, 2012 12:24:16 AM

Everybody knows.
HYEgasCA
Champion Author Fresno

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Message Posted: Apr 11, 2012 12:22:22 AM

Wise comment from ShadowAce
ShadowACE
Champion Author Boston

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Message Posted: Apr 11, 2012 12:22:05 AM

10k said: "my car is running fine now-since it was de-ethanoled, so i'll keep it, til it or i kick off.."

Keep your fingers crossed, 10k. You're very lucky to have an E0 option. Those of us in New England haven't seen E0 for several years now. I'd be happy to pay a few cents/gallon more if it was available, but it's not. Big Brother didn't think we needed it anymore.
TIGERPAW46
Champion Author Florida

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Message Posted: Apr 11, 2012 12:20:28 AM

hybrids have the advantage of increased mileage especially in town while keeping the long distance & back up power of the Gasoline etc. vehicle. But EVs are still only best for short trips or in town; so you pretty much have to have a second vehicle if you use an EV.
heartbroken2010
Champion Author Ottawa

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Message Posted: Apr 11, 2012 12:20:09 AM

agree.
Bigwaynef
Champion Author South Carolina

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Message Posted: Apr 11, 2012 12:19:04 AM

No ethanol period...
ShadowACE
Champion Author Boston

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Message Posted: Apr 11, 2012 12:18:12 AM

Don't drink the GREEN Kool-Aid!!
Blue_Cruzer
Champion Author Lexington

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Message Posted: Apr 11, 2012 12:15:35 AM

How true.
10k
Champion Author North Carolina

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Message Posted: Apr 11, 2012 12:13:05 AM

my car is running fine now-since it was de-ethanoled, so i'll keep it, til it or i kick off..
rawdog1313
Champion Author Lexington

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Message Posted: Apr 11, 2012 12:12:41 AM

Wife loves her Toyota Prius..........
tedjm1
Champion Author New York

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Message Posted: Apr 11, 2012 12:12:38 AM

Now that I presently agree with.
Matt G
Champion Author Boston

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Message Posted: Apr 11, 2012 12:11:34 AM

Ok
joel27nc
Champion Author Raleigh

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Message Posted: Apr 11, 2012 12:11:17 AM

Payback periods generally aren't short enough to make the upfront purchase worthwhile.
regout
Champion Author Quebec

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Message Posted: Apr 11, 2012 12:10:30 AM

Keep my car for now.
jrsva
Champion Author Virginia

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Message Posted: Apr 11, 2012 12:10:21 AM

One “of the fuel-efficient technologies” costs virtually nothing and that is careful and efficient driving. Another is avoiding the mileage penalty associated with ethanol in those areas where e-free gas is available. We get 10-15% better mileage than the EPA rating for our vehicle and that is a real saving with no up-front cost.
unicornpmb
Champion Author Buffalo

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Message Posted: Apr 11, 2012 12:10:06 AM

I thought it was about saving fuel, not money.
rxman1
Champion Author Toledo

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Message Posted: Apr 11, 2012 12:08:55 AM

The current strategy is get the gas prices up, See what they are in a couple of years with no energy policy.
kgbellman
Champion Author Ann Arbor

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Message Posted: Apr 11, 2012 12:07:40 AM

I think I'll stick with my vehicle for now
TheSicilian
Champion Author Jacksonville

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Message Posted: Apr 11, 2012 12:06:20 AM

thats right
Bonito
Champion Author Dayton

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Message Posted: Apr 11, 2012 12:05:44 AM

I keep cars for 12 to 15 years! Does that count!
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