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Honda Insight's the lone hybrid on Kelley's cheapest-to-own list
Filed under: Hybrid, MPG, Honda
The Honda Insight was the only hybrid to make it onto Kelley Blue Book's list of new cars that will cost less than $30,000 to own during the first five years of ownership.
The Insight, which has a base MSRP of $19,120, was joined by 15 other models, all of which are high fuel-economy gas models whose MSRPs range from $11,770 for the Nissan Versa to $16,890 for the Toyota Corolla. The Volkswagen Jetta was the least fuel-efficient of the bunch, with a combined EPA rating of 27 mpg. Read here to see the complete list, which factored in depreciation, refueling costs as well as repair and maintenance expenses.
Last month, Kelley Blue Book compared ownership costs of electric-drive vehicles such as the Chevrolet Volt extended-range plug-in hybrid and the Nissan Leaf battery electric, and concluded that the Volt was about $1,500 "cheaper" to own than the Leaf during the first five years of ownership. The Volt, which Kelley estimated will cost the driver about $40,600 during the first five years, beat out the Leaf in part because of lower insurance and maintenance costs.
Honda could certainly use the help moving the Insight, which was launched as a look-alike competitor to the Toyota Prius. Last year, Honda sold 15,549 Insights in the U.S., which was down 26 percent from 2010 and was about one-ninth of what Toyota sold in Prius hybrids last year.Continue reading Honda Insight's the lone hybrid on Kelley's cheapest-to-own list
Honda Insight's the lone hybrid on Kelley's cheapest-to-own list originally appeared on AutoblogGreen on Wed, 14 Mar 2012 07:44:00 EST. Please see our terms for use of feeds.
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