Camry hybrid: Best hybrid for the money?
August 13th, 2008
Payback in just 18 months?According to Edmunds, the Toyota Camry hybrid recovers its costs compared to the the base 4 cylinder Camry in just 18 months. The Chevy Malibu hybrid was second at 2.7 years, although it won't save as much money over the long run as other hybrids. Thus, the Toyota Prius at 3.5 years will save more money than the Malibu hybrid if you keep the vehicle for at least 5 years. The Honda Civic hybrid takes 4.8 years to recover its hybrid costs. Because of large price increases in the last year, the Ford Escape hybrid, now priced more than $2,300 more than last year, and the Toyota Highlander hybrid, now up $5,482 over last year, take 7.3 years and 12 years respectively to recover their hybrid costs. Ouch! Obviously, some hybrid vehicles are a great hedge against high gas prices, but the Toyota Camry hybrid is beginning to look like a steal. |
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