The time period necessary to pay back the initial investment can vary in length based on the selected model, yearly kilometres driven, and fuel prices. As an example, let’s compare a Toyota Yaris with a Toyota Prius c, two base models very similar in format, to see how long it takes to recover the additional initial investment required for the Prius c if the owner drives 20,000 kilometres annually.
Yaris: 6.8 L/100 km
Price: $14, 000
Prius c: 3.7 L/100 km
Price: $21,000
Difference of 3.1 L/100 km in favour of the Prius c
Difference of $7,000 in favour of the Yaris
The 20,000 annual kilometres driven while saving 3.1 L/100 km represent 620 litres less annually with the Prius c
620 litres @ $1.30 $/L = $806
$7,000 $ divided by $806 = 8.6 years
If we take into consideration that the annual insurance premiums are similar, you will need to drive 8.6 ears, or 172,000 kilometres before recovering the initial investment required to purchase the Toyota Prius c in comparison to the Toyota Yaris. Relatively speaking, this is a long time. Keep in mind that you will have emitted 5,074 kilograms less greenhouse gases with the Prius c during this time.
Yaris: 6.8 L/100 km
Price: $14, 000
Prius c: 3.7 L/100 km
Price: $21,000
Difference of 3.1 L/100 km in favour of the Prius c
Difference of $7,000 in favour of the Yaris
The 20,000 annual kilometres driven while saving 3.1 L/100 km represent 620 litres less annually with the Prius c
620 litres @ $1.30 $/L = $806
$7,000 $ divided by $806 = 8.6 years
If we take into consideration that the annual insurance premiums are similar, you will need to drive 8.6 ears, or 172,000 kilometres before recovering the initial investment required to purchase the Toyota Prius c in comparison to the Toyota Yaris. Relatively speaking, this is a long time. Keep in mind that you will have emitted 5,074 kilograms less greenhouse gases with the Prius c during this time.
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| Toyota Yaris (6.8 L/100 km) (Photo: Sébastien D'Amour) |