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Best time to buy a hybrid car: Right now

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by boulder_bum, Mar 16, 2007.

  1. boulder_bum

    boulder_bum Senior Member

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    NEW YORK (CNNMoney.com) -- If you're thinking of buying a hybrid car, this would be a good time to act on that impulse, according to a pricing and cost analysis by the automotive Web site Edmunds.com.

    To cover the expense of the complex systems, auto makers tacked big price premiums onto the hybrid versions of their cars, and those premiums usually outweighed the savings in gas costs.

    "In the past, our research showed that the 'True Cost to Own' a hybrid vehicle was exorbitant," said Alex Rosten, Manager of Pricing and Market Analysis for Edmunds.com.

    Now, however, federal tax incentives can cover much of the cost difference. And the supply of hybrid vehicles is beginning to exceed demand, resulting in bigger negotiated dealer discounts and cash incentives from manufacturers.

    ...continued: http://money.cnn.com/2007/03/14/autos/buy_...dex.htm?cnn=yes
     
    #1 boulder_bum, Mar 16, 2007
  2. donee

    donee New Member

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    Hi Boulder Bum,

    I just hate when somebody who screwed up in the first place wont just come out and admit the mistake. That Edmunds guy has all this rationalization why was right before and right now. Baloney!
     
    #2 donee, Mar 16, 2007
  3. NuShrike

    NuShrike Active Member

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    Eat CROW, Peter Valdes-Dapena, Edmunds, and CNN Money.
     
    #3 NuShrike, Mar 16, 2007
  4. ozerdem

    ozerdem Junior Member

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    You would not believe how many of my friends, family, and mostly co-workers have come up to me and quoted these articals about it not being worth the extra cost to buy a hybrid. I could try to argue the point, but of course the news and the magizines are always right. I am so glad that I am not as stupid for spending too much on a hybrid, anymore.
     
    #4 ozerdem, Mar 16, 2007
  5. Ari

    Ari New Member

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    <div class='quotetop'>QUOTE(Prius Steve @ Mar 16 2007, 10:25 PM) [snapback]407191[/snapback]</div>
    Yes, the debate will continue. Most people have already made up their mind one way or another and will only read/believe things that support their existing view. It was also nice to see Consumer Reports give the Prius top marks!
     
    #5 Ari, Mar 17, 2007
  6. malibucarl

    malibucarl Member

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    Today's L.A. Times has Big ads from Toyota Dealers. $3000 off MSRP, pkg#6 etc. In fact there was one that
    said $21K (only one).
    Carl
     
    #6 malibucarl, Mar 17, 2007
  7. snowdog650

    snowdog650 Member

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    <div class='quotetop'>QUOTE(malibucarl @ Mar 17 2007, 09:58 AM) [snapback]407407[/snapback]</div>
    I just picked mine up in Sacramento for $3750 off MSRP ... 2207 non-touring, Package #6.

    They are out there ...
     
    #7 snowdog650, Mar 26, 2007
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