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Civic Hybrid vx Civic LX - How many miles before I break even? - READ ONLY

34 messages,  Last post on Feb 22, 2008 at 7:30 PM

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#32 of 34 Re: Civic Hybrid vx Civic LX - How many miles before I break even? [warner] by pchristenson

Feb 22, 2008 (3:24 pm)

Replying to: warner (Dec 16, 2005 12:46 pm)
I had a discussion with one of my wife's co workers yesterday regarding how long it would take to recoup the price difference between a new Civic Hybrid versus a Civic LX. Here's what I came up with:
   
How long it takes to make up the price difference on a Hybrid
  The non-hybrid Civic is rated at 30 City/ 40 Highway.
The non-hybrid Civic is now rated at 25 City/ 36 Highway.
 
http://www.fueleconomy.gov/feg/calculatorCompareSideBySide.jsp?column=1&id=23502-
 
 The Hybrid is rated at 50 both city and highway.
The hybrid Civic is now rated at 40 City/ 45 Highway.
 
http://www.fueleconomy.gov/feg/calculatorSelectEngine.jsp?year=2007&make=Honda&m- odel=Civic%20Hybrid
 
 So we’ll take the non-hybrid at an average of 35mpg and the Hybrid at 50mpg.
 
Actually the EPA sets the non-hybrid at an average of 29mpg and the Hybrid at 42mpg.
 
  The non-hybrid Civic model that the Hybrid most closely competes with is the LX model. The MSRP on the Hybrid is $22,400 and it is typically selling for $2,000 over MSRP, but there is also a tax credit for 2006 on Hybrid vehicles so we’ll call it a wash and say the Hybrid sells at MSRP.
  
The non-hybrid Civic model that the Hybrid most closely competes with is the LX model. The MSRP on the Hybrid is $22,400 and it is typically selling for $1,000 under MSRP, and there is also a $1050 tax credit for 2008 on Hybrid vehicles so we’ll say the Hybrid sells at $20,400.
 
The LX model with automatic has an MSRP of $17,869 or $4,531 less than the Hybrid. Dealers are typically more willing to deal on the LX than they are on the Hybrid, but we’ll leave that out of this equation. So we’re starting with a $4,531 deficit for buying the Hybrid (again, not figuring in the extra finance charges on that money if one were financing the purchase).
 
The LX model with automatic has an MSRP of $17,760 or $2640 less than the Hybrid. Dealers are typically more willing to deal on the LX than they are on the Hybrid, but we’ll leave that out of this equation. So we’re starting with a $2640 deficit for buying the Hybrid (again, not figuring in the extra finance charges on that money if one were financing the purchase).
   
So how long does it take to recoup our more than $2640 deficit? Read on…..
  
If gas costs $2.50 a gallon here’s how much the Hybrid recovers at a given mileage:
  
 
NOT BE SEEN IN OUR LIFETIME AGAIN 
   
If gas costs $3.00 a gallon here’s how much the Hybrid recovers at a given mileage:
  
At 50,000 miles the non-hybrid has used 1724 gallons of gas, which cost $5172 while the Hybrid has used 1190 gallons of gas, which cost $3570. The Hybrid has recovered $1602 at this point.
  
At 50,000 miles, the Hybrid recovers $1602
  

#33 of 34 Re: Civic Hybrid vx Civic LX - How many miles before I break even? [pchristenson] by pchristenson

Feb 22, 2008 (3:26 pm)

Replying to: pchristenson (Feb 22, 2008 3:24 pm)
So how long does it take to recoup our more than $2640 deficit? Read on…..
  
If gas costs $2.50 a gallon here’s how much the Hybrid recovers at a given mileage:
  
 
NOT BE SEEN IN OUR LIFETIME AGAIN 
   
If gas costs $3.00 a gallon here’s how much the Hybrid recovers at a given mileage:
  
At 50,000 miles the non-hybrid has used 1724 gallons of gas, which cost $5172 while the Hybrid has used 1190 gallons of gas, which cost $3570. The Hybrid has recovered $1602 at this point.
  
At 50,000 miles, the Hybrid recovers $1602
 <<<<<<<<<<<<<<<<<BREAK EVEN At 100,000 miles, the Hybrid recovers $3204 At 150,000 miles, the Hybrid recovers $4806 At 200,000 miles, the Hybrid recovers $6408 At 250,000 miles, the Hybrid recovers $8010 If gas costs $3.50 a gallon here’s how much the Hybrid recovers at a given mileage: At 50,000 miles the non-hybrid has used 1724 gallons of gas, which cost $6034 while the Hybrid has used 1190 gallons of gas, which cost $4165. The Hybrid has recovered $1,869 at this point. At 50,000 miles, the Hybrid has recovered $1869 <<<<<<<<<<<<<<<<<BREAK EVEN At 100,000 miles, the Hybrid has recovered $3738 At 150,000 miles, the Hybrid has recovered $5607 At 200,000 miles, the Hybrid has recovered $7476 At 250,000 miles, the Hybrid has recovered $9345 So at $3.50 a gallon, we’d have to drive about LESS THAN 80,000 miles to break even

#34 of 34 After break in cost? by carcrazy17

Feb 22, 2008 (7:30 pm)

And some of you are saying "the battery pack costs a lot of money and it will negate the cost of the fuel savings.
Well, can the battery pack last 200,000 miles?
 
According to clean green car and the Honda site: http://www.cleangreencar.co.nz/page/faq-civic
www.hondacars.com
 
The battery was designed to last 10 years of normal driving? The honda civic hybrid battery also has an 8 year 80K mile warrantee. So that is about 15K per year according to their "lease" program. So after 150K miles you will have to replace the battery pack. Cost about 3000 us dollars (price could fall as more battery packs are replaced)
 
So one must also ask the lost of fuel mileage "as the battery ages" due to the battery pack losing its efficiency. These figures I can not find, yet.
 
So, using the above figures, at 250K miles the hybrid as recovered 9345 dollars. minus 3000 for the battery pack (if yo do the work yourself) and minus the cost of replacing the brake regenerators at about 100 dollars(estimate only per wheel: Lets use 345 dollars for the sake of even numbers)
 
We are still ahead 6000 dollars at 250K miles. Looks like I will be shopping for a Civic Hybrid soon, unless they come out with a diesel civic.
 That is a whole different ball park. It gets really interesting if one makes their own biodiesel like a certain friend of mine does for his diesel trucks. Yep, very different ballpark indeed.

Messages Page 5 of 5

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