Quote:
Originally Posted by JSH
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.
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.
|
I was adding the additional cost for a
NEW Corolla of some $3,500 more to the MSRP for the hybrid version vs the non-hybrid version. $3,300-$3,500 means it would be $200
more to own the hybrid from new to warranty.
I'll look at used prices for the sake of comparison, but the last time I looked a 5-year-old used Toyota hybrid cost just as much as a brand new one, because covid.