A new report shows that 40 percent of hybrids cost less to own than their gas-powered counterparts despite an average cost premium of $3,722. The data analysis firm Vincentric studied 65 hybrid trims of 24 models and determined that hybrids are typically a better economic proposition despite an initially higher out-of-pocket cost. The analysis considered factors such as the current…
When you buy a hybrid vehicle, it usually comes at a premium price. Here’s a look at five vehicles that will save enough fuel to cover that premium expense in less than three years: > 2016 Toyota Avalon Hybrid Limited (2.8 Years): $1,500 premium. Annual fuel savings of $540/year. > 2016 Toyota RAV4 Hybrid Limited (2.5 Years): $700 premium. Annual fuel savings…
Green Fleet Magazine reports that 13 of 33 hybrid vehicles have a lower total cost-of-ownership when compared to their all-gasoline counterparts. The findings were based on Vincentric’s 2013 Hybrid Analysis, which measures factors such as depreciation, financing, fees and taxes, fuel, insurance, maintenance, opportunity cost and repairs. The 13 hybrids with lower ownership costs included the Lexus CT200h ($6,300 savings) and…