Here is from their Oct 08 issue. Sorry that the header line is not aligned with the table. Note that the hybrid is upscale with virtually all features of the XLE:
Price mpg 5-year fuel cost 5-year fuel savings Total 5-year owner cost Total 5-year cost savings (or loss) Years until payback With federal tax credit Tax rebate Total 5-year cost savings Years until payba
Toyota Camry Hybrid 28,460 34 7,000 3,000 34,000 4,250 1 NA NA NA Toyota Camry XLE (4-cyl.) 26,720 24 10,000 38,250
Clearly gas saving is not enuf to explain their payback period. Here is what they write:
"It would take many years for most hybrids to pay back their premium price just on fuel savings. But fuel costs are only a relatively small part-25 percent-of the overall owner costs in the first five years. Other factors include depreciation, insurance, interest on financing, maintenance and repairs, and sales tax.
In this affordable hybrid analysis, we compared the five-year owner costs of
12 hybrids with those of similar conventional vehicles, using Consumer Reports' new-car owner-cost estimates, introduced in our April 2008 issue.The Toyota Camry Hybrid, which got 34 mpg overall in our tests, saves the most money, about $4,250 over five years, compared with a similarly equipped four-cylinder Toyota Camry XLE, which gets 24 mpg."