I'm not so sure I agree that the hybrid will be cheaper given the potential
cost for battery replacement
The conventional wisdom is that compact car shoppers are trying to save a
little cash by opting for basic transportation. The problem is, sometimes
that basic transportation can end up costing more in the long run. Take the
Chevrolet Cobalt. Chevy's been offering it with zero-percent financing --
and with a starting price of $14,990, it's a pretty affordable option.
Over the long term, that changes. IntelliChoice says that over five years,
the Cobalt will cost about $31,916 to own. That's more than twice the
national average price of $15,042 that buyers are paying for the Cobalt.
For a better option, check out the Honda Civic Hybrid. Yes, it costs more up
front than the Cobalt, but over five years, IntelliChoice says it only costs
$26,993 to own. With car shoppers currently paying an average of about
$23,000 nationally for the Civic Hybrid, that means the car's exceptionally
low depreciation, fuel and maintenance costs make it a lot cheaper than the
Cobalt. If you can't swing the upfront costs of the Civic Hybrid, opt for
the regular Civic. In early October, the average price people are paying
nationally for one is about $15,000. Plus, it has a total cost of ownership
of $28,375, saving you over $4,000 as compared to the Cobalt.