The car has done 330,000 km after owning it for 7 years before rebuild. You would need to replace piston rings and bearings and balance the shaft after such mileage. Where I come from it is really not expensive. Just about USD 3,000 for everything excluding cam and manifold which were done much earlier. You cannot compare labour charges and parts with those in Western countries. Its a locally made car under license from Mitsubishi. It now clocks at 470,000km.
After 7 years I the loan is finished and I own the car. A 2011 Insight goes for USD 8,000 ends up of 7 years totals incl compounded interest to USD 9,000
The difference before counting fuel costs alone is USD 6,000.00 or simply 13,600 litres (3593 US gallons) of petrol at USD 0.44 per litre.
So ontop of the loan as cost, you then compare with fuel usage. Assuming you travel 50,000 km per year. A 53mpg car (4.4l/100km) would consume 581 gal (2200l) or USD 968.00 a year if price does not change.
A 39mpg car (6.03l/100km) at the same distamce would consume 796 gal (3015l) or USD 1,326 a year.
The savings of the Hybrid is USD 358 per year. Remember the USD 6,000 difference? That would be nulled in 16 years. Not counting the cost of replacement batteries of a 6 yeasr old hybrid or a clutch plate assembly in my car or count for inflation.
So you can see, unless gas price increase and loan rates drop, it is not viable to buy a hybrid whether new or used where I come from.
Full Service *2011 Honda Insight 1.3 Hybrid Auto - Cars for sale in Gombak, Kuala Lumpur