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Study: Hybrid cars save money in long run

Tuesday, January 9, 2007

An study finds that hybrid cars, whose fuel efficiency alone may not justify their higher initial purchase price, are in fact more economical in the long run. When you factor in financing, fuel, insurance, state taxes and license fees, repairs, maintenance and depreciation, over five years a Prius will cost $13,408 less than a similar-size non-hybrid sedan.

Hybrids retain their value better than conventional cars, have moderate maintenance and repair costs and, of course, there are those lower fuel costs. Hybrids also benefit from federal tax credits, which this year can range from $250 to $1,950.

Straight to the source: Hybrid autos save money in long run, study finds (LA Times)

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