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Answer You - Toyota Prius -- Must Drive for 7 Years to Recover the Extra Expense Over Corolla
Congratulations to the Prince and Princess of Austurias on the birth of their second daughter Sophia. Born on the 29th of April by caesarean a day before my birthday making her a Taurean just like myself, Solid, down to earth, dependable and with an infinite supply of patience ( I’m not sure my wife will agree wit
Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for
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I understand and sympathize with all the political reasons out there to drive a hybrid car. I also would like to lessen our dependence on foreign oil and narrow the foreign trade deficit.
But how much individual economic sense does a Prius really make over a Corolla?
More specifically, how many years do I need to drive a Prius to earn back the extra purchasing price I’d be forking up front?
The results convinced me to stick with my Corolla, at least for a while.
Would you still buy a Prius if you knew that you have to drive it for 7 years to get back what you have paid extra at the dealer? I wouldn’t.
Here is my analysis:
To make the comparison as conservative as possible, I’ll compare Prius ($21,725) with the most loaded-up and expensive Corolla model available – the XRS ($17,880), in an effort to minimize the difference in upfront costs.
Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for
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But how much individual economic sense does a Prius really make over a Corolla?
More specifically, how many years do I need to drive a Prius to earn back the extra purchasing price I’d be forking up front?
The results convinced me to stick with my Corolla, at least for a while.
Would you still buy a Prius if you knew that you have to drive it for 7 years to get back what you have paid extra at the dealer? I wouldn’t.
Here is my analysis:
To make the comparison as conservative as possible, I’ll compare Prius ($21,725) with the most loaded-up and expensive Corolla model available – the XRS ($17,880), in an effort to minimize the difference in upfront costs.
Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for
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More specifically, how many years do I need to drive a Prius to earn back the extra purchasing price I’d be forking up front?
The results convinced me to stick with my Corolla, at least for a while.
Would you still buy a Prius if you knew that you have to drive it for 7 years to get back what you have paid extra at the dealer? I wouldn’t.
Here is my analysis:
To make the comparison as conservative as possible, I’ll compare Prius ($21,725) with the most loaded-up and expensive Corolla model available – the XRS ($17,880), in an effort to minimize the difference in upfront costs.
Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for
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Here is my analysis:
To make the comparison as conservative as possible, I’ll compare Prius ($21,725) with the most loaded-up and expensive Corolla model available – the XRS ($17,880), in an effort to minimize the difference in upfront costs.
Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for
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Other assumptions I’m making: you drive 15,000 or 25,000 miles a year and pay $3 for a gallon of gas.
I’m also taking 38 mpg as Corolla’s average highway mileage despite the fact that the official Toyota figure is 41 mpg. I know for a fact that Corolla does get 38 mpg. But I wasn’t so sure about the 41 mpg figure. So I went with a more conservative figure that I was comfortable with.
The below table shows that if you drive your car for 25,000 miles a year, you would have to drive your Prius for seven (7) years before you recoup the extra dollars you pay for buying it instead of a loaded Corolla XRS.
(See the table at http://writer111.googlepages.com/PriusComparisonTable.jpg)
If you drive less, or if you buy a much-cheaper Corolla CE, you may have to drive up to 25 years to get your money’s worth!
I usually keep a car for about 7 or 8 years.
I’m willing to drive a Prius the first 3 years “in the red,” for the sake of “helping the environment” and easing off our foreign t
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