Quote:
Originally Posted by Ecky
Why not a used hybrid?
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It is still expensive when you calculate the Compounded Interest. And you need to add in the cost of a new set of batteries. Of course this is different from where you live. Locally the interest rate stands at 4% per annum and Toyota and Hondas have high residual values.
Local cars are mostly econoboxes from 850cc Kei Cars to 1.6L subcompacts, after 10 years their values go down to less than 16% of original price. They generally run at 39 to 29 MPG. With a pump price of USD0.44 per litre, it just does not make sense to buy them.