Sunday Morning Comments

I still haven’t totally figured out how to move all my posts from the old blog to this blog. I hope to get that done later today. The directions for doing so are pretty confusing and I sure don’t want to mess it up and lose 10 months worth of work.

I did change my Feedburner settings so those who subscribed to the old blog will now be directed to this blog. I don’t know if I can change my Bloglines feeds. I’ll have to look into it. I’m ready to get all this stuff behind me so that I can actually post about personal finance again. Right now I feel like a fish out of water.

I’ll be hosting the Carnival of Personal Finance on this blog tomorrow.

Gotta run. I’ll post more later.

Blog of the Week

One of the new features of the all new AllThingsFinancial is something called “The Blog of the Week.” You can see up there in the right hand corner. The goal of this feature is to profile a different blog that I think my readers would enjoy.

This week’s selection, which from now on will run from Sunday to Sunday, is Frugal Underground, which is a relatively new blog about Money: saving more, making more, enjoying more, and needing less. Go by and check it out. Tell her that JLP sent you.

Are Hybrid Vehicles Worth the Money?

First off, let me say that I am not talking about the economy car hybrids like the Toyota Prius and the Honda Civic. What I am talking about is the new hybrid versions of bigger vehicles.

Sarah Breckenridge of Smart Money wrote an excellent article in which she took four vehicles (Ford Escape, Honda Accord, Toyota Highlander, and Lexus RX) and compared the hybrid version of those vehicles with the standard version. I wanted to see how much a person could save (or not save) by buying the hybrid version over the standard version. Keep in mind that my numbers do not reflect maintenance costs or tax beneifts of hybrid ownership. I also made the assumption that the vehicles are driven 15,000 per year divided evenly between city driving and highway driving.

Ford Escape Hybrid

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

33

227

$2.40

$545

Highway

29

259

$2.40

$622

Totals

486

$2.40

$1,166

Cost Per Mile

$.0777

Ford Escape XLT

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

22

341

$2.40

$818

Highway

25

300

$2.40

$720

Totals

641

$2.40

$1,538

Cost Per Mile

$.1025

Honda Accord Hybrid

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

29

259

$2.40

$622

Highway

37

203

$2.40

$487

Totals

462

$2.40

$1,107

Cost Per Mile

$.0738

Honda Accord

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

21

357

$2.40

$857

Highway

30

250

$2.40

$600

Totals

607

$2.40

$1,457

Cost Per Mile

$.0971

Toyota Higlander Hybrid

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

31

242

$2.40

$581

Highway

27

278

$2.40

$667

Totals

520

$2.40

$1,248

Cost Per Mile

$.0831

Toyota Highlander

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

19

395

$2.40

$948

Highway

25

300

$2.40

$720

Totals

695

$2.40

$1,668

Cost Per Mile

$.1112

Lexus RX 400h

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

31

242

$2.40

$581

Highway

27

278

$2.40

$667

Totals

520

$2.40

$1,248

Cost Per Mile

$.0831

Lexus RX 330

City
MPG

Gallons
Used

Price
Per
Gallon

Ann.
Cost

City

18

417

$2.40

$1,001

Highway

24

313

$2.40

$750

Totals

730

$2.40

$1,752

Cost Per Mile

$.0971

It is important to note that the hybrid models are $4,000 to $5,000 higher in price, which is definitely something to consider. Based on my gas price of $2.40 per gallon, these hybrids won’t pay for themselves for a number of years.

Questions? Comments? Did I miss something?

Welcome to the All New AllThingsFinancial

Welcome to the brand new site for AllThingsFinancial. I’m currently in the process of getting this site set up . Once I’m finished, the new site will look nothing like this.

If by chance you got here because of the Wall Street Journal article featuring blogs, you can check out my other blog that is still up and running. Click here to go to the other AllThingsFinancial