With the price of gas crossing $4 a gallon (I paid $4.14 last time I filled up), lots of businesses and individuals are seriously considering trading in their fleets/cars for hybrid vehicles. Is it the right thing to do? This article in the Wall Street Journal argues that the answer is….maybe.
There are a number of reasons it’s a “maybe” – not the least of which is that a new car is a new car, and it’s wasteful to get something new manufactured when something old will do. Some of the other arguments include:
- It depends on how many miles per year you drive (the average American is 15,000 per car per year)
- Priuses cost $22K (that’s for the low-end model)
- You’re not going to get much money back for your trade-in, especially if it’s a guzzler
- Other small cars get pretty good mileage too…especially compared to your SUV!
All this said, I have a Prius and I love it. Not just for the gas, although that’s a big plus since when I calculated out the cost of getting a Prius vs. a similar-sized car, I was calculating gas at $2.50 a gallon. At $4+, I'm doing much better than I expected. The car is roomy, easy to drive, kinda cute, and my dog likes that it has a big back seat all for him. Of course, it does have a big old blind spot, but I’ve figured out how to work that out. For me, it was the right choice...but is it the right choice for everyone?