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Hybrid ReInvolt sells refurb Prius batteries for $1500, and you could probably do it yourself for the price of two junkyard batteries. Refurb Honda batteries are slightly cheaper.
Whether a used hybrid is the cheapest car to buy and own depends on the asking price and the reliability of that particular car.
Remember there are also non-financial benefits to hybrid ownership, and those will probably be factored into the price.
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