Ok, so I was bored at lunch today..
had a look at the Nissan Leaf as Old Mech's thread has be intrigued.. its £25000 here ($38500) so I'm out the game there
What else is available either electic or hybrid that I could afford?! A quick search found me this 2008 Prius
2008 Toyota Prius T3 Hybrid 1.5L 5dr
Initial inspection looks promising- nice colour, low miles, 1.5 lump-reasonable price plus warrenty...
So I got thinking- What would be the savings to me if I swapped the iS for a Prius?
My car spends approx 75% on the motorway, mostly journeys under 30 miles. Rest of the mileage is either Town or country driving
This is the result.. (spreadsheet attached-xls format)
Based on 15k miles PA
Same % over epa applied to COMBINED IMP MPG for both cars (113% so is 39.6mpg, prius 74.3mpg)
Taxation based on 12 months
Depreciation based over 5 years (typical loan period) WITHOUT compound interest-I'm not that good!
Repair cost for Prius set at 1/2 the iS (includes tyres/brakes etc)
Servicing set at same rate
Fuel priced at £5.91/ imp gallon (£1.299/litre)
Interesting to note that even without the monthly repayments on the £9000 loan being factored in (I'd reckon the loan for the Prius would be circa £200/month for 48 months)
I'd be 1p per mile better off in the iS.. that's £750 over 75000 miles.
I know that I'm not including several factors (actual repair requirements/tax increases/ residual value at end of 5 yrs etc) but it's an interesting start point..
What is your take on it?
Thanks
Neil