Well, it is obvious that hybrids are the wave of the future.  Gas prices are staying around $3 per gallon and the price of oil is approximately $100 per barrel.  Motorists are spending a lot of money on maintenance, new car warranties and financing, and need to save on fuel costs.  So, is it worth it to buy a hybrid to save money at the gas pump?  Let’s take a look.

To see how long it will take you to recoup your premium up-front, we can compare the Toyota Camry Hybrid to a typical Camry.  Because of the equipment level of the hybrid, however, it is necessary to compare it to the V-6 Camry LE.  The base prices of the cars are only $2,000 apart.  The Hybrid is $25,000 and the Camry V6 LE is $23,640.

According to Toyota, the Camry Hybrid gets 33mpg in the city and 34mpg on the highway.  The Camry V6, however, gets 21mpg in the city and 31mpg on the highway.

If you were to drive 15,000 miles in a year you will use about 454 gallons.  With the V6 LE you will burn approximately 635 gallons in a year.  If gas costs $3.20 per gallon, you will have a fuel cost savings of approximately $547 per year.  This means that you would recoup the premium up-front that you spent to purchase the hybrid.

In this comparison you can see that in the long run you will end up saving with a hybrid. In addition, you get the satisfaction of doing a service to your planet.