Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone check out the new Honda Insight yet?
Old 03-28-2009, 07:02 PM   #1
Thinks s/he gets paid by the post
Bimmerbill's Avatar
 
Join Date: Jan 2006
Posts: 1,631
Anyone check out the new Honda Insight yet?

Just wondering. I may stop in to a dealer to check it out. Reports of it getting 60mpg are on the net.

With all the volitility of gas prices I'm thinking of downsizing into a high mpg vehicle. Great deals are out there on the new VW Jetta diesel, but they have higher maintenance costs and lower reliability than Honda.

I'm sure buying a 12 or 13K Honda Civic is probably more cost effective. Still, the technology in the Insight interests me. I used to drive my old VW Jetta diesel for max MPG once in a while and enjoyed the challenge.
__________________

__________________
Bimmerbill is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-28-2009, 07:39 PM   #2
Recycles dryer sheets
 
Join Date: Mar 2007
Posts: 101
We have the original insight. It's 9 yrs old & without the AC on can get close to 70mpg on the highway.It is very possible the new one can get 60 mpg on the highway.
__________________

__________________
wolfbay is offline   Reply With Quote
Old 03-28-2009, 07:40 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,971
I didn't think they would show up until late April, but I drove by my local Honda dealer this evening and there it was, a silver 2010 Insight. So I took a look, but didn't engage a sales shark or drive it. Rated at 40/43/41 and priced just over $20K. Tempting, but the 2010 Prius (avail in May?) is rated at 51/48/50, so we'll have to see where they price it. Both look like great choices. I could be buying a new car soon...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-28-2009, 08:08 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Do the math on a similar non-hybrid. I doubt you will save money. 60mpg sounds impressive, but how much do you want to pay for economy?

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-28-2009, 08:13 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,971
Quote:
Originally Posted by ERD50 View Post
Do the math on a similar non-hybrid. I doubt you will save money. 60mpg sounds impressive, but how much do you want to pay for economy?

-ERD50
It's not just about the math...if it was, we could all buy a series of $2,000 used cars.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-28-2009, 08:20 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Quote:
Originally Posted by Midpack View Post
It's not just about the math...if it was, we could all buy a series of $2,000 used cars.
I have reasons for not buying a series of $2,000 used cars. I keep my cars for 10+ years, so I have a reliable car rather than buying an unknown. And I get to have a new car for at least a few of those years. I understand the tradeoffs.

But, saving gas means saving money. So how much does it cost you to save money? It's not a trade-off, it economics. And don't forget to do a harmonic mean calculation when you evaluate the savings of 60 mpg versus 35 mpg.

Unless you just like "bragging rights" for 60 mpg. Nothing to discuss then. Enjoy.

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-28-2009, 08:37 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,971
Quote:
Originally Posted by ERD50 View Post
I have reasons for not buying a series of $2,000 used cars. I keep my cars for 10+ years, so I have a reliable car rather than buying an unknown. And I get to have a new car for at least a few of those years. I understand the tradeoffs.

But, saving gas means saving money. So how much does it cost you to save money? It's not a trade-off, it economics. And don't forget to do a harmonic mean calculation when you evaluate the savings of 60 mpg versus 35 mpg.

Unless you just like "bragging rights" for 60 mpg. Nothing to discuss then. Enjoy.

-ERD50
Some folks will buy the Insight, just as many have bought the Prius --- guess they just couldn't master the calcs. Your conclusion is the only legitimate choice; technology, emissions, conserving resources are clearly irrelevant. BTW, the economics of a series of $2,000 cars will come out ahead of buying a new car every 10 years...another form of "bragging rights."
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-28-2009, 09:25 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Quote:
Originally Posted by Midpack View Post
Some folks will buy the Insight, just as many have bought the Prius --- guess they just couldn't master the calcs. Your conclusion is the only legitimate choice; technology, emissions, conserving resources are clearly irrelevant. BTW, the economics of a series of $2,000 cars will come out ahead of buying a new car every 10 years...another form of "bragging rights."
No, those things are not irrelevant, but you didn't mention them. Like I said, if you want a hybrid "just because", there is nothing to discuss. But since you brought these topics up...

Technology - personal preference. For cars, I want the technology that works and is cost-effective, I won't buy technology for technology's sakes. I might do that with other things, and people are free to do as they please.

Emissions - yes, the hybrids have lower tailpipe emissions. I'd be interested to see what the cradle-to-grave emissions are for the extra motor and battery that were produced and sit idle 23 hours a day, 365 days a year. It might work out, I just have not seen good numbers (I've seen some crazy numbers that say the hybrids are worse, but they were clearly biased).

Conserving resources - again, do a harmonic mean calculation to see just how much gas you are saving. It hits diminishing returns. And that is offset by the comments I made above about producing the battery and motor.

I'm not sure about your $2,000 car analogy. You aren't talking here about buying used versus new, the comparison is a new hybrid versus a similar equipped new non-hybrid. Apples-to-apples.

Trust me, I don't buy new cars for "bragging rights". But I have bought (half-share) $4,000 cars for the kids. Sometimes they need $2,200 in repairs within a year. When I buy new, that isn't a big concern. Reliability is a concern, and I hate getting used to all the nuances of a car too often. I really don't think keeping a new car for ten plus years is that costly over junkers every few years. You don't get much for $2K these days and you can't be sure how reliable it will be.

I guess another way to put that is: Our 11 year old mini-van might only be worth $2,000 (I don't know), but I would certainly rather drive that, since I know its history, than to buy some $2,000 car and drive that, when I know little about it. So that's not bragging rights, they are both $2,000 cars.

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-28-2009, 09:29 PM   #9
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
Pissing contest about hybrid cars. Hold on. Let me drink more water first.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 03-28-2009, 09:37 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Not a pissing contest. I'm trying to understand the concept of spending money to save less money (if that's the case).


-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-28-2009, 09:45 PM   #11
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
I saw that Toyota may cut the price of the Prius to match the Insight, at least in Japan:

03/20/2009 - Toyota may cut price of Prius hybrid to match Honda's Insight - STLtoday.com

I haven't seen an Insight yet (I don't think ) but I've noticed more Honda Fits on the road in the last month. The gas Civic gets comparable mileage to the Fit (which is not a hybrid). DH is interested in a new small Honda or Toyota in the next two months, so we've been noticing them. One thing for sure--whichever car he picks, it will be the one model that won't be discounted
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 03-28-2009, 10:04 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Jan 2004
Posts: 2,049
Quote:
Originally Posted by ERD50 View Post
Not a pissing contest. I'm trying to understand the concept of spending money to save less money (if that's the case).
Because some people have different values, perhaps.
__________________
eridanus is offline   Reply With Quote
Old 03-28-2009, 10:52 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Quote:
Originally Posted by eridanus View Post
Because some people have different values, perhaps.
OK, such as?

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-28-2009, 10:58 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Jan 2004
Posts: 2,049
Quote:
Originally Posted by ERD50 View Post
OK, such as?

-ERD50
Different ones than you.
__________________
eridanus is offline   Reply With Quote
Old 03-28-2009, 11:08 PM   #15
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
It's a neat looking car, but my 2005 Volvo S60 is a stick shift and gets 29 MPG average, peeking over 30 on the highway, and I live 15 miles from work, so gas prices have been more of a storyline for me than a real issue. If I had a long commute or my truck/suv was on it's last legs, I'd probably pay the up front premium on an insight as I've had great experience with Honda (drove an 83 accord until I sold it - running - in 2000). 20k for a nice looking new car isn't that much of a premium, I'd clock it in as maybe 2k over the cost of a similar gas only car of the same class. Heck, some people spend that much on rims. Especially those spinners!
__________________
laurence is offline   Reply With Quote
Old 03-29-2009, 07:49 AM   #16
Thinks s/he gets paid by the post
Bimmerbill's Avatar
 
Join Date: Jan 2006
Posts: 1,631
I like cars. Its a weakness. I like technology too.
One of my primary concerns when car shopping is safety. Usually, the newer cars have better safety features. But I like to consider maintenance costs as well, and with the gas prices swinging I try to keep an eye on MPG.

Hondas have great reliability and safety features. I was looking forward to the Accord diesel, but it won't be coming to the USA for a while (if ever).

Not trying to start a debate betweem hybrid vs regular cars.
__________________
Bimmerbill is offline   Reply With Quote
Old 03-29-2009, 08:13 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,971
Quote:
Originally Posted by Bimmerbill View Post
Not trying to start a debate between hybrid vs regular cars.
Neither was I, someone else took it in that direction, I might have let it go despite the provocation. YMMV
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-29-2009, 10:10 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Midpack, I'm shocked you aren't waiting for a Chevy Volt...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 03-29-2009, 10:30 AM   #19
Thinks s/he gets paid by the post
ls99's Avatar
 
Join Date: May 2008
Posts: 4,792
Time for pop corn, lawn chair, a six pack.
__________________
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 03-29-2009, 10:44 AM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,278
Quote:
Originally Posted by Midpack View Post
Neither was I, someone else took it in that direction, I might have let it go despite the provocation. YMMV
I don't understand what direction people are trying to take my comments in. I'm just trying to understand what motivates some people to buy a hybrid.

The OP mentioned mpg and questioned cost effectiveness. He also said the technology "interested him". OK, but at that point what diff does the mpg/economics make?

It just seems that a lot of people have the idea of getting high mpg to save gas, but ignore other costs. Is that an unreasonable observation? Is it an unreasonable thing to discuss here?


-ERD50
__________________

__________________
ERD50 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
newbie needs your collective wisdom and insight ratface FIRE and Money 10 01-23-2009 09:50 AM
Need insight on continuing insurance in retirement omni550 FIRE and Money 12 05-20-2007 01:28 PM
Lord Abbett retirement insight al4trade FIRE and Money 50 02-10-2007 08:59 PM
Fan lined up?check.Excrement ready to hit? check poboy Other topics 130 04-23-2006 09:48 PM
Canada / New England cruise - Looking for insight. gayl Life after FIRE 31 08-03-2004 06:18 PM

 

 
All times are GMT -6. The time now is 02:49 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.