Do Hybrid Cars Save You Money?
CNNMoney reported this week on a Consumer Reports analysis as to whether Hybrid cars actually save money over the long term. This is a subject of interest to us at ManagingMoney.com, as one of our missions is to help our users save money and another is to be good global citizens. The bottom line on the analysis is that although you may save money on gas, other expenses such as vehicle purchase price, maintenance, and depreciation ultimately cause the vehicle to be more expensive than a conventional car. However, there appears to be exceptions and for factors such as depreciation and ultimate resale value it may be too early to tell based on the limited data available. From the global citizen perspective paying a little extra may not be bad if it ultimately reduces our reliance on fossil fuels and provides "abstract benefits" such as cleaner air and fewer foreign policy concerns. However, from the immediate save money perspective one could argue maybe waiting a little longer until prices drop and reliabilty improves. Read the full article so you can decide for yourself... http://money.cnn.com/2006/03/06/Autos/tipsandadvice/hybrid_resale/index.htm?section=money_pf





