It has been quite the ride in getting from deciding that I really should change my current car to figuring out what, where and how much then getting to that signing on the dotted line.
I don't know if there is a thread on the decision process to end up buying into the Kia Niro family, but mine sort of ran as follows:
1. I figured out that my Ford Edge was leaning more towards the Lemon side of ownership. I have had break issues with it from when I got it and learnt from the school of hard knocks and bad garages who took me for a ride that there I believe is a fundimental design flaw in how the break pads and rotors interact that causes them to constantly sease and bind up causing all sorts of problems. Time to get out.
2. I know that my wifes Kia Sportage has been a great car for her neads, but being some 12 years old, it owes nobody anything and deserves to be retired before i totally conks out.
3. There are really 3 parts to cost of a car. the inital outlay, the consumable running costs (gas, tires, breaks, light bulbs) and then break repair costs and things that just went wrong.
- A used gas car has a much lower upfront outlay, but high cost of consumable, and average but always increasing break fix cost as the age of the vehicle goes up.
- A new plug in hybrid and electric have a very high upfront cost (that we here in Ontario get no government rebate) so that just don't justfiy the savings for consumables.
- A used hybrid you are effectively limited to a single option of a Toyota Prius as the other hybrids are too small, too expensive and just not the best fuel efficancy. And you'd pay around $25k for a 3 year old prius with a 3 year toyota warrany.
- The new Kia is around $31k for new, with a 5 year warrany and 8 years on the Hybrid battery. Just as well or even better equiped than the Toyota, with within 10-15% of the fuel efficancy, but longer service life so your break repair costs actually turn out to be lower over the a simular life span.
I know for me that I don't drive an awful lot, but have spent about $2800-3500 each year on cost of fuel for my Edge @ 10.5 ~13.7 L per100km. the new Kia should get around the 5 L per 100km average and anticipating the worst of 6 L per 100km in the dead of winter time, so I should be able to recoup at todays gas prices between $1400~1900 a year in just fuel cost savings. Over an average of 6 year car life, that can add up with ever increasing cost of fuel to $12,000+ savings over an average life. This makes it far more cost effective over the longer haul than a used gas car.