Hybrid vehicles are becoming more and more popular as the cost of gas continues to rise. The problem is, they really are not the best decision financially. Hybrids do provide a benefit to the environment in that they do not use as much gas as a conventional vehicle, but they do not save you money in most cases.
Most people that buy hybrids do so for the gas savings. They assume that because they are using less gas that they are saving money. On the surface they are correct. The may be able to stretch a tank of gas out twice as long so they are only going to the gas station half as much but they are still not saving.
Let me give you a couple of examples. I am going to use Toyotas to prove my point because they have probably the best made hybrids on the road right now and they also have excellent conventional vehicles as well. Toyotas best known hybrid is the Prius. A base model Prius sells for $21,725. I chose to use base model prices because I have no way of knowing what each person out there would add for options and how much it would change the prices. Someone buying a Prius is looking to save money on gas so for the comparison I will use the Toyota Corolla. A...
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