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Old 01-17-2013, 03:48 PM   #15
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Originally Posted by kam327 View Post
Trouble is, trading in a perfectly usable car for a new hybrid just to get better fuel economy is usually folly. At 1,000 miles a month and $3.50 per gallon, you're saving only $87.50 a month in gas by doubling your fuel economy from 20mpg to 40mpg. If your increase in payments (and decrease in expected maintenance / repairs) by buying the new hybrid is significantly less than $87.50 a month then it may make sense. But with hybrid prices where they are, that seems unlikely. Especially if you're currently driving a paid off vehicle, or will be paid off within the next year or two.
He said 2500 miles a month so that would be $262.50 a month for doubling fuel economy. Also with as much driving as he is doing, his current one could easily be in the 100k-150k mark already and repair costs could start creeping in.
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