Comments on: Is there a Financial Benefit of a Volt over a Prius? http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/ Real-time news, information, and discussion about the Chevrolet Volt. Fri, 25 May 2012 07:21:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Llama Money http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-36066 Llama Money Tue, 08 Apr 2008 02:53:09 +0000 http://www.gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-36066 I think everyone's on board with the fact that the Volt would be a terrible choice of vehicle from a purely financial standpoint. The benefits lie in supporting the technology and step forward. Giving the finger to the oil companies / oil producing nations is another great reason. If I'm in the market for a car when the Volt comes out... I'll consider it. Money will matter because I'm not rich.... but I will consider it. I think everyone’s on board with the fact that the Volt would be a terrible choice of vehicle from a purely financial standpoint. The benefits lie in supporting the technology and step forward. Giving the finger to the oil companies / oil producing nations is another great reason. If I’m in the market for a car when the Volt comes out… I’ll consider it. Money will matter because I’m not rich…. but I will consider it.

]]> By: John F. http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35407 John F. Thu, 03 Apr 2008 20:33:55 +0000 http://www.gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35407 > ... $250 per year savings. Kanellos argues that since the cost of the plug-in conversion currently is $15,000, it would take 95 years to recoup the outlay. No. Not 95 years. The outlay would NEVER be recouped. It would be recouped if money were free. That is, if you could get a loan for a 0% interest rate, or if you couldn't get any interest by investing that $15K outlay in something else instead (e.g., CD). Think about it. Even if you could finagle a 95-year 5% loan for the plug-in conversion, you'd be paying $750/year in interest alone. There goes your $250 savings (and more) that you thought were going to pay down the loan in 95 years. In fact, if you only remitted that $250/yr in loan payments, not only will your $15,000 debt not drop to zero in 95 years, it will have ballooned to over $1,000,000. > … $250 per year savings. Kanellos argues that since the cost of the plug-in conversion currently is $15,000, it would take 95 years to recoup the outlay.

No. Not 95 years. The outlay would NEVER be recouped.

It would be recouped if money were free. That is, if you could get a loan for a 0% interest rate, or if you couldn’t get any interest by investing that $15K outlay in something else instead (e.g., CD).

Think about it. Even if you could finagle a 95-year 5% loan for the plug-in conversion, you’d be paying $750/year in interest alone. There goes your $250 savings (and more) that you thought were going to pay down the loan in 95 years. In fact, if you only remitted that $250/yr in loan payments, not only will your $15,000 debt not drop to zero in 95 years, it will have ballooned to over $1,000,000.

]]> By: jdb http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35401 jdb Thu, 03 Apr 2008 20:16:20 +0000 http://www.gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35401 Alls I know I own a Prius and would trade it in in a heartbeat for the Volt. Just keep the price tag under $30,000.00. PS: Liked the info on Volt I bought GM @ 18.50 just hope the meet the production time table & MAKE it a fact not a pipedream. Also, Prius was first Foreign car I bought. Hope to buy GM again soon. only electric. Thanks Alls I know I own a Prius and would trade it in in a heartbeat for the Volt. Just keep the price tag under $30,000.00.
PS: Liked the info on Volt I bought GM @ 18.50 just hope the meet the production time table & MAKE it a fact not a pipedream. Also, Prius was first Foreign car I bought. Hope to buy GM again soon.
only electric.
Thanks

]]> By: Charlie http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35199 Charlie Wed, 02 Apr 2008 15:00:46 +0000 http://www.gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35199 I can think of one comparison that wasn't taken into account. I routinely have to move stuff and people in my car. I've been in the back of a prius and it is a tight squeeze fitting three people in the back seat (and I'm only 5'6"). I'm hoping the Volt will have a larger back seat. I can think of one comparison that wasn’t taken into account. I routinely have to move stuff and people in my car. I’ve been in the back of a prius and it is a tight squeeze fitting three people in the back seat (and I’m only 5’6″). I’m hoping the Volt will have a larger back seat.

]]> By: noel park http://gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35098 noel park Tue, 01 Apr 2008 20:20:59 +0000 http://www.gm-volt.com/2008/03/28/is-there-a-financial-benefit-of-a-volt-over-a-prius/#comment-35098 I thought that the credit came straight off the bottom line after the tax liability was calulated, AMT or no. You can bet I will check this out with my CPA before I place any faith in any possible tax credits. I thought that the credit came straight off the bottom line after the tax liability was calulated, AMT or no. You can bet I will check this out with my CPA before I place any faith in any possible tax credits.

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