We need to replace one of our vehicles, and have been waiting to look at the new hybrid Explorer Ford is going to sell this summer. (Wife really wants an Explorer, but I don't want to pay for the gas for such a thing since our current car gets 30+mpg and she drives about 18k miles/year. Hybrid Explorer claims 30mpg, so I'd be willing to give it a chance.)
Starting at $53,375! WTF... no wonder US car companies' sales numbers are dropping...
I'd be better buying a used "gas guzzler" Explorer at this rate... I mean, at 18k miles/year and the what looks like $3/gallon gasoline again, that's $1800 a year currently for gas. Going to 20mpg instead is $2700 a year in gas... that extra $900 a year in fuel is nothing compared to the extra monthly cost of a lease or purchase on a $54k vehicle... (the difference in monthly cost between a $25000 used vehicle and a $53400 new vehicle over 60 months is at least $473 a month - and that's at 0% interest. Heck even if you keep cars for 120 months like I do, it still doesn't even work out unless gasoline prices triple )!
So for all those people wondering why people don't buy more "green" vehicles - holy crap they cost so much it's not worth it! And this is even taking into account the present-value-discounted cost of pollution.
What I mean is - if "global warming" is going to cost me $100 in 20 years, then the cost to fix it in today's dollars better be less than $55.37 (assuming 3% interest). That is - if it costs more than $55.37 to eliminate that $100 in the future, I'd be better just putting $55.37 in a conservative account and paying the $100 in the future than spending the money to 'fix' it now.