The Automotive Amanojaku

This is where you'll find news, random car-related thoughts and personal views from a rabid car nut. "Amanojaku" is Japanese slang that means "person who is deliberately contradictory". I've always found myself drawn to the less appreciated car makes - the "underdogs" if you will. Suzuki, Pontiac, GM Daewoo and Holden, are among my favorite brands to watch and comment on. Let me hear your thoughts!

Saturday, April 07, 2007

Think you will save money with a Toyota Prius? Might as well buy two Chevrolet Aveos!

We all know that the main reason to buy a Prius is to save the planet and be like Al Gore (minus the private jets), not to impress your peers...but seriously, most people have it in their heads that a Prius is a means to save gas money. But how much money will be saved when you consider the Chevy Aveo, recently refreshed with a nice interior and exterior? Bloomberg has a story on it...

Save with a Prius? Instead, buy two Aveos
By Doron Levin

The economics of owning a Prius are worth reviewing.

The vehicle, a modest four-door hatchback, gets an average of about 55 miles a gallon in city and highway driving. It will consume about $696 worth of fuel a year at today's average price of $2.55 a gallon. A Toyota Camry, averaging 28 mpg, consumes about $1,366 worth of fuel a year.

The $670 difference gasoline savings on the Prius over the Camry translates into almost a five-year payback on Prius's $3,000 price premium.

Not too bad for those who are convinced that saving gasoline is a critical national priority.

But if you're crunching numbers, a much better deal might be the conventionally powered Chevrolet Aveo.

The Aveo averages about 30 mpg and thus consumes about $1,275 a year worth of gasoline — $579 more than the Prius and $91 less than the Camry. But at a purchase price of about $12,000, it represents a price savings of about $12,000 over the Camry and more over the Prius.

The numbers are irrefutable.

Article Continues HERE

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