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Old 06-16-2009, 04:09 PM   #1
Tea cups
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Default Toyota Helpfully Shows How The 2010 Honda Insight Won't Save (Much) Money



http://blogs.thecarconnection.com/ma...ave-much-money

Quote:
How worried is Toyota that the 2010 Honda Insight might eat into sales of the 2010 Toyota Prius, just now hitting dealerships across the country?

Worried enough, it appears, that the company has helpfully run the numbers to show potential Insight buyers how little money they'll save over the long run if they buy Honda's new 2010 dedicated hybrid. You know, the one that looks sort of like a Prius in 7/8 scale.

Last Thursday, a post entitled "Hybrid Cost Analysis" hit the Toyota website, comparing the purchase and running costs of a 2010 Prius and a 2010 Insight.

The Prius was equipped with level II trim ($22,000 plus delivery), the lowest currently available, whereas the Insight wasn't a base LX but the higher-spec EX ($21,300 plus delivery). Why? "These models are equipped the way most consumers want," says the site.

Then come the calculations. On a standard 5-year loan, the Prius costs you $435 a month, while the Insight is $420. But if you factor in running costs using EPA combined ratings (50 miles per gallon for the Prius, 41 mpg for the Insight), the Prius costs $172 less a year.

That means, Toyota helpfully spells out, that you pay $15 a month more for the Prius but save $14 a month in gasoline costs.

Their conclusion? "So for a buck more each month, you get a roomier vehicle that is a full hybrid with better mileage ratings, enhanced performance, vehicle stability control, driver’s knee airbag, beltless engine, rear disc brakes….well, you get the drift."

To its credit, Toyota also compares the most basic Prius with the (not yet released) equipment level I ($21,000) to the Insight LX ($19,800), switching the difference from a buck a month more to $12 extra.

We love it when carmakers do apples-to-apples comparisons with their assumptions clearly spelled out. And we credit Toyota for laying this all out.

Still, we challenge Toyota's assumption for annual travel: 15,000 miles (at $2.62/gallon). That's 5,000 higher than the September 2008 average per-capita vehicle miles traveled of 9,560 cited in a Brookings Institute report (although 1994 Department of Energy data shows newer cars travel more miles than older models).

If you cut annual mileage down to the Brookings average, the numbers change: The Prius II costs $6 more than the Insight EX each month, and the Prius I is a full $17 a month pricier than the Insight LX.

In the end, the 2010 Toyota Prius is a full car class larger than the 2010 Honda Insight, and it undeniably offers equipment the Honda doesn't. On the other hand, the Honda's handling is preferred by some, and it doesn't have that ... you know, that Prius problem.

As always, savvy consumers have to run the numbers for themselves. And as they say, your mileage may vary.
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Old 06-16-2009, 04:11 PM   #2
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http://pressroom.toyota.com/pr/tms/h...-analysis.aspx

Quote:
Hybrid Cost Analysis
We often rationalize large-ticket purchases based on price, and even more so when our pocketbooks are pinched. We see a lot of hybrid affordability comparisons these days. Here’s mine. So, let’s do the comparison.

The manufacturer suggested retail price (MSRP) of $22,000 for the all new third-generation 2010 mid-size Toyota Prius II is $1,806 less than the $23,806 median price of the mid-size sedan segment.

Compared to vehicles in its segment, the compact class Honda Insight LX (base model) is priced $1,400 higher (2009 compact car median price is $18,395) and has only a modest fuel-economy advantage.

Let’s do the math based on a Prius II (base MSRP of $22,000) versus an Insight EX (base MSRP of $21,300). These models are equipped the way most consumers want.

Using industry loan averages (60 month term, 7.45 percent annual percentage rate [APR], $2,400 down, tax, title and registration), the Prius has a monthly payment of $435 while the Insight carries a monthly payment of $420…a difference of $15. That’s just a couple of Starbucks double shot Grande Lattes a month.

Now let’s factor in annual fuel costs based on the EPA-estimated fuel economy rating of 50 mpg (city and highway combined) for Prius and 41 mpg (city and highway combined) for Insight and 15,000 miles at $2.62 a gallon (national average as of 6/8/2009). The Prius will save you about $172 per year or $14 a month over the Insight.

Now the overall difference is just a little over a dollar. So for a buck more each month, you get a roomier vehicle that is a full hybrid with better mileage ratings, enhanced performance, vehicle stability control, driver’s knee airbag, beltless engine, rear disc brakes….well, you get the drift.

If you compare the Prius I (base MSRP of $21,000), due out later this year, to the Insight LX (base MSRP of $19,800), which is still not an apples to apples (size and equipment) comparison, the monthly payment difference including the fuel savings is only about $12.

So, when considering hybrid affordability, look beyond MSRP. When the bigger picture is seen, Prius definitely provides more value for your money.
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Old 06-16-2009, 04:19 PM   #3
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Just for S&G, I'd like to see them do this comparison except with a Fit.
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Old 06-16-2009, 06:07 PM   #4
SLegacy99
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If only the Prius had a direct injected 1.8L. Then the added fuel savings would def. make the Prius more worthwhile...though it might cost a little more...hmmm....
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Old 06-16-2009, 07:20 PM   #5
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Originally Posted by SLegacy99 View Post
If only the Prius had a direct injected 1.8L. Then the added fuel savings would def. make the Prius more worthwhile...though it might cost a little more...hmmm....
it's already Atkinson cycle... not all trickery under the hood carries the name DI.

on the OP: the EX vs. base comparison is somewhat poor form, unless the standard equipment lines up perfectly. i'm too lazy to check. besides, residual values at the end of the period under examination should be considered as well, and none of these "analyses" cover that.
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Old 06-17-2009, 08:54 PM   #6
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But either way, that's 10k soulless boring greenie miles.

I'd rather buy a turbo and pay the extra cash for the extra smiles!
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Old 06-17-2009, 09:38 PM   #7
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Quote:
Originally Posted by shikataganai View Post
it's already Atkinson cycle... not all trickery under the hood carries the name DI.
Well DI seems to be workin pretty good for the GS450h, which road and track got 34 MPG Hwy in. My point is that it couldn't hurt.
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