Papa Mike's Blog

If you want to learn how to save money and retire RICH…then listen and LIVE to what Dave says….Papa Mike
Dave, should I get a hybrid to save on gas? They make financial sense in the long run, right? Gas prices are killing my budget…a hybrid is the only answer!

I’ve been getting so many questions recently from people all over America about these cool, new hybrid cars. Let me tell you straight up – don’t get one!

Since hybrids are new, they’ll get better rapidly… and also go down in value rapidly. You don’t want to try to be selling a high-mileage, first-generation model in 5 years because the value will plummet.

Do you really want to lose money?

The Math Doesn’t Work

Let’s say you currently drive a vehicle worth $10,000 that gets 15 miles/gallon. There’s this $25,000 hybrid you’re thinking about buying that gets 25 miles/gallon. That’s a $15,000 price difference just to get 10 more miles a gallon. If you drive 100 miles a week, that’s about a $10 difference a week.

So that would be about $40 extra you’re spending a month in gas if you stuck with the current car. A monthly car payment is MUCH more than that! To get your money back at current gas prices, it would take you almost 29 years to save $15,000 in gasoline! Listen to Dave explain this

The math DOESN’T work! You’d have to drive to the moon and back to make it worth it!

You can watch Dave weeknights HERE. Or you can visit his website HERE

If your in the Kansas City area you can hear him in the morning HERE @ My FOX Kansas City

1. Bill in Nebraska says:

   July 27, 2008 at 6:43

   Dear Dave,

   Read your bit about hybrids, and it’s true that the cost right now doesn’t make them worth it in comparison to some options.
   But your example was a bit ridiculous. For one, you compare buying a BRAND NEW HYBRID with buying a $10.000 (likely used) car. Good financial sense to get the used one, but what if a person is weighing the options between a brand new car and a hybrid new car. You fail to mention that in this scenario, with the tax rebate incentives for buying hybrids, you’d break even in the first year and save money after that.

   NOT EVERY IDEA SUPPORTED BY LIBERALS IS A BAD ONE, DAVE.
2. Papa Mike says:

   July 27, 2008 at 6:43

   Your not only an idiot ‘liberal’ your an idiot when it comes to simple math!! I drive a Ford Focus Hybrid with my job 2 days a week, 8 hours a day in city traffic, and ONLY get 21 mpg with the AC on….Just more proof ‘hybrids’ were invented by you ‘tree hugging’ Dimocrats. Please don’t bring your Al Gore thinking to my house and expect to convince anyone you know what your talking about…. as far as you trying to prove a guy like Dave Ramsey wrong well that’s laughable!! here’s Dave’s website so why don’t you take your Dimocrat “talking points” directly to him and eliminate the ‘middle man’..ME!!!

   http://www.daveramsey.com/
3. Hyrbrids and Gas Prices | Dave Ramsey Fan says:

   July 29, 2008 at 6:43

   [...] money on gas. Dave essentially said no. The math really doesn’t add up. Why you ask. Well, this blogger explains it very [...]