Hybrids Cost More, Save Even More, Study Finds
GELLERMAN: Conventional wisdom has it that hybrid cars save on gas but they're a lot more expensive to buy, and in the long run, more expensive to own. But a new study by an L.A. based auto buyer's guide calculated the total cost of owning a hybrid over five years, and found well, let's ask James Bell. He's publisher of Intellichoice.com and he joins us from the Detroit Auto Show. James, you did the study. So let's compare the cost of similar midsize cars—say, the hybrid Toyota Prius with a regular gas engine Camry. Show me the money.
BELL: Oh, yes. According to our cost of ownership analysis you're looking at
a 13,000 dollar savings
GELLERMAN: I'd save 13,000 dollars over 5 years by buying a hybrid?
BELL: Well, if you look at how the vehicles going to depreciate, what it's going to cost you to maintain and of course the fuel savings, it all adds up.
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