I am looking to lease a car. (I know leasing is not a good value etc...). I am just out of school and can't afford much. I was looking into getting a Kia Soul because it was cheap and safe. However, after seeing the Toyota commercials I decided to look and see what type of specials they were running. Right now you can get a 3 year lease for $209!
I started to crunch the gas number a little I concluded that if I drive 1000 a month with gas at $3.07 I would save $67.72 a month in gas. Applying that saving to the lease brings the monthly lease down to 161.28 (only $11.28 more than the Kia a month) and clearly the Prius is a must better and more substantial car. Additionally, if I did get the Kia I would end up paying more for gas bringing the monthly cost of driving the kia to $217.72.
Now I know that everyone says the hybrid premium doesn't pay and you don't recoup the premium until 3,4 or 5 years. But based on my math, for 11.28 extra a month I can drive a Prius instead of a kia soul. **Also my math is based on $3.07 a gallon (I live in So. Cal and it is already higher than that, the higher gas goes the more I save)**
So I guess my question is (1) assuming my math is correct wouldn't it be smarter to get the Prius (2) Am I wrong? The money is going to come out of my pocket one way or another, shouldn't it be on the car rather than the gas?
I started to crunch the gas number a little I concluded that if I drive 1000 a month with gas at $3.07 I would save $67.72 a month in gas. Applying that saving to the lease brings the monthly lease down to 161.28 (only $11.28 more than the Kia a month) and clearly the Prius is a must better and more substantial car. Additionally, if I did get the Kia I would end up paying more for gas bringing the monthly cost of driving the kia to $217.72.
Now I know that everyone says the hybrid premium doesn't pay and you don't recoup the premium until 3,4 or 5 years. But based on my math, for 11.28 extra a month I can drive a Prius instead of a kia soul. **Also my math is based on $3.07 a gallon (I live in So. Cal and it is already higher than that, the higher gas goes the more I save)**
So I guess my question is (1) assuming my math is correct wouldn't it be smarter to get the Prius (2) Am I wrong? The money is going to come out of my pocket one way or another, shouldn't it be on the car rather than the gas?