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05-26-2007, 07:49 AM
Sure they are great for fuel economy, but will they really save you money? (http://money.cnn.com/2007/05/24/pf/saving/toptips/index.htm?section=money_latest)
http://www.cleanmpg.com/photos/data/501/2007_TCH_Boston_Taxi.jpgGerri Willis - CNNMoney - May 24, 2007
2007 Toyota Camry pictured receives 39 miles per gallon and costs $26,200. It would take you 2 years recoup the $1,010 it cost you to upgrade to this hybrid model.
NEW YORK -- With the price of gasoline setting new records everyday, more and more people are turning to hybrid cars as a way to protect themselves against price increases at the pump. But are hybrids all they're cracked up to be? We'll tell you what you need to know.
1: Get your bottom line savings.
Hybrid cars generally get more miles to the gallon and if you purchase one, you may qualify for a tax break. But you'll pay about 20 percent more for a hybrid car than a traditional automobile.
Most hybrids take at least 2 to 3 years to recoup the purchase costs associated with them. Let's take a look at some hybrids versus traditional cars and see how the numbers stack up … http://money.cnn.com/2007/05/24/pf/saving/toptips/index.htm?section=money_latest
http://www.cleanmpg.com/photos/data/501/2007_TCH_Boston_Taxi.jpgGerri Willis - CNNMoney - May 24, 2007
2007 Toyota Camry pictured receives 39 miles per gallon and costs $26,200. It would take you 2 years recoup the $1,010 it cost you to upgrade to this hybrid model.
NEW YORK -- With the price of gasoline setting new records everyday, more and more people are turning to hybrid cars as a way to protect themselves against price increases at the pump. But are hybrids all they're cracked up to be? We'll tell you what you need to know.
1: Get your bottom line savings.
Hybrid cars generally get more miles to the gallon and if you purchase one, you may qualify for a tax break. But you'll pay about 20 percent more for a hybrid car than a traditional automobile.
Most hybrids take at least 2 to 3 years to recoup the purchase costs associated with them. Let's take a look at some hybrids versus traditional cars and see how the numbers stack up … http://money.cnn.com/2007/05/24/pf/saving/toptips/index.htm?section=money_latest