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Originally Posted by Isaac Zachary
Odd. Must be a family thing. I rebuilt the VW bug engine. My sister's first car was a 1973 Malibu she rebuilt the engine. My brother has rebuilt the engine on his 1985 Chevy Truck. I distinctly remember Grandpa's car having over 400,000 miles on it and the family car said to have over 300,000.
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For my family it was a poverty thing. Both my parents grew up in rural areas without a lot of money. If you don't have the money to pay someone to fix something you have to learn to fix it yourself. But of course they also lived in rural areas where they had land and garages and tools. As I mentioned before the vast majority of people live in cities and most poor urban dwellers aren't living in single family homes with a garage or driveway to work on cars.
Quote:
Originally Posted by Isaac Zachary
According to my calculations if the average is $4.50 per gallon of gasoline for the next 8 and a half years, then I'd save $3,100 by the time the 150,000 mile battery waranty will have expired. But if fuel prices stayed the same at current fuel prices ($3.26) it would be only $1,075 savings when the battery warranty expires.
That doesn't account for higher resale value though.
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Even assuming 100% highway driving the savings are more than that.
2022 Toyota Camry - 39 mpg highway: 150,000 miles / 39 mpg x $3.25 per gallon = $12,500 for fuel. Or $0.083 per mile
2022 Toyota Camry Hybrid - 53 mpg highway: 150,000 / 53 x 3.25 = $9199 for fuel. Or $0.061 per mile.
So $3,301 in savings over 150K miles or $0.022 per mile for the fraction you own a used Camry hybrid before the warranty expires.
Add in some city miles at 51 mpg vs 28 mpg racks up the savings pretty quick.