I am in the market for a 2024+ Lexus RX350 or RX350h for my in-laws. As a longtime owner and supporter of Toyota hybrids, I am considering a non-hybrid this time for a few reasons:
- Annual Mileage: my in-laws drive 7K/yr and I only foresee that number decreasing over time. Over a 15 yr ownership period of 105K miles, assuming a 10 mpg differential at $5/gal, there is a $7500 operating cost advantage to the hybrid.
- Battery Cost: The chance of needing a new hybrid battery after 15 years is decently high, especially in a warm climate like mine. I have seen very poor results from remanufactured hybrid batteries, so those will never be an option to me. The cost of hybrid batteries on some newer Toyota's is significantly higher than before - it is a $6K+ expenditure. Even with the estimated $7500 fuel savings, the savings becomes <$1500.
- Vehicle Cost: I am finding non-hybrid models to be discounted and are also being built in configurations I prefer. The hybrid models tend to have significantly more optional equipment and the discounts are lower, especially in my preferred color combo. As a result, it will cost me at least $5K more to obtain a hybrid than a non-hybrid.
- Annual Mileage: my in-laws drive 7K/yr and I only foresee that number decreasing over time. Over a 15 yr ownership period of 105K miles, assuming a 10 mpg differential at $5/gal, there is a $7500 operating cost advantage to the hybrid.
- Battery Cost: The chance of needing a new hybrid battery after 15 years is decently high, especially in a warm climate like mine. I have seen very poor results from remanufactured hybrid batteries, so those will never be an option to me. The cost of hybrid batteries on some newer Toyota's is significantly higher than before - it is a $6K+ expenditure. Even with the estimated $7500 fuel savings, the savings becomes <$1500.
- Vehicle Cost: I am finding non-hybrid models to be discounted and are also being built in configurations I prefer. The hybrid models tend to have significantly more optional equipment and the discounts are lower, especially in my preferred color combo. As a result, it will cost me at least $5K more to obtain a hybrid than a non-hybrid.
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