Business Services Industry
Chicago Tribune Auto Letters Column.
Knight Ridder/Tribune Business News, January, 2004
By Jim Mateja, Chicago Tribune Knight Ridder/Tribune Business News
Jan. 11--QUESTION: Is a hybrid worth it? I'm interested in the hybrid Ford Escape, but question the added $4,000 cost.
If I drive 12,000 miles a year with gas at $1.60 a gallon, it's going to take at least 6.8 years to recover the cost.
If I drive 20,000 miles a year with gas at $2 a gallon, it would take only 3.3 years to recover the cost. Federal tax credits would help, but would be wiped out by the added sales tax on $4,000 as well as the added interest expense on that $4,000 over the life of the loan.
-- J.S., Crystal Lake
ANSWER: For starters, don't know where you got your numbers. There have been guesstimates about a $2,000 to $4,000 price premium...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
