Savings

[princee18]

Owning a hybrid car increases your monthly savings. So, i would like to know that how much do you save monthly by owning a hybrid as compared to your previous vehicle?

[Postman]

This is the first time that owning a car increases your earning monthly. How do owners do it?

Where did you get the information about this? Can you show some proof?

[tongyun]

Originally Posted by princee18

Owning a hybrid car increases your monthly savings. So, i would like to know that how much do you save monthly by owning a hybrid as compared to your previous vehicle?

Unless you pay for the car with cash, you have to factor in the car payment along with the gasoline payment. For me, I own my car, van and motorcycle free and clear. So my monthly payment is essentially my gasoline payment. On the other hand, if you are making a payment of $250/month plus gasoline, I still come out ahead.

I understand what you are trying to say, but for me, I'd rather just have my gasoline payment than have a car payment that lasts 5-6 years.

[princee18]

Originally Posted by Postman

This is the first time that owning a car increases your earning monthly. How do owners do it?

Where did you get the information about this? Can you show some proof?

I just want to compare the expenses on normal cars and hybrid cars. There are many expenses associated with hybrid cars like battery and other maintainance. So, i want to calculate the average percentage change in the expenses when a person switches from normal to hybrid car.
Owing hybids may not increase your earnings but you save more if you own a hybrid.

[tongyun]

I think the initial outlay of cash will erase any potential savings in the short term. However, the longer you own the car, the more money you will eventually save. However, at what point will your savings balance out what you paid for the car?

[Dwaynez]

Originally Posted by tongyun

I think the initial outlay of cash will erase any potential savings in the short term. However, the longer you own the car, the more money you will eventually save. However, at what point will your savings balance out what you paid for the car?

Nice post, you're definitely right on this one. The longer you have your car, the larger the benefit if you owned it by cash. With the gradual self tune-up and maintenance, you can save more.