Print 65 comment(s) - last by TMike7.. on Mar 18 at 2:51 PM

2010 Honda Insight gets priced

Honda's Insight has been making the rounds here at DailyTech for quite some time. The vehicle first made an appearance as a concept car at the 2008 Paris Auto Show and was revealed in production form at the Detroit Auto Show.

Ever since the vehicle was first announced, Honda batted around the idea of releasing the vehicle in the U.S. with a price tag below $19,000. Today, however, Honda announced the official starting price of the Insight and it will actually be priced just below $20,000.

The 2010 Honda Insight LX will have a base price of $19,800 -- this compares to a $22,000 base price for the standard 2009 Toyota Prius. The next trim level is the Insight EX which will be priced at $21,300. Those that wish to have integrated GPS will have to part with $23,100.

The Honda Insight uses a 1.3-liter four-cylinder engine paired with the Integrated Motor Assist (IMA) hybrid system. The vehicle is EPA rated at 40 MPG in the city and 43 MPG on the highway.

The 2010 Honda Insight will face stiff competition from Toyota's third generation Prius. The 2010 Prius will launch later this year and will have an EPA combined rating of 50 MPG.

It is not known if Toyota will lower the price of entry of the new Prius to combat the Insight in the U.S. It's possible that Toyota may take a page from its Japanese strategy and offer the current Prius at a lower price and maintain the 2010 model as a "premium" offering.

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RE: Cool
By DLeRium on 3/10/2009 2:03:05 PM , Rating: 2
BTW your calculations are wrong. You did 15,000 divided by 20 when that really just calculates how many gallons you need for 15k miles on 20mpg. If you were trying to show

40mpg vs 20mpg, that's

375 gal/yr vs 750 gal/yr You really just save 375 gal/year. At $3 gas, it's $900 a year. $9k over 10 years. More realistic would be 40mpg vs 30mpg.

375 gal vs 500 gal. You save 125 gal/year. $375 / year at $3 gas ==> 3.7k a year. Interesting huh? Crank it to 45mpg and you get about 167 gal / year which saves you 5k over 10 years. There's your Prius making its money back.

Can somone show the Volt's electricity consumption and break that down into cost savings?

RE: Cool
By therealnickdanger on 3/10/2009 2:26:07 PM , Rating: 2
We've played this game before. Search back to some of the older Volt stories and you'll find plenty of breakdowns regarding the total 10yr operating cost of the Volt including battery replacements (which GM will pay for at least one as part of the warranty).

RE: Cool
By A Stoner on 3/10/2009 2:31:59 PM , Rating: 4
I appreciate your feedback. Like your calculations more than mine. I would rate you up, but for some reason i cannot rate anyone after I make a post...

I thought the volt uses 0 Gas, so I used a baseline car MPG estimate of 20MPG and reduced it to 0 for my calculations. But your calculations are far superior to mine. I was trying to give it the best possible outcome for the volt, while still showing the futility of the entire endeavore of trying to show that these hybric/electric cars eventually break even.

The first rule is that in ten years, most of these cars will be in scrap yards, not the highway, as replacing the batteries will cost more than the car is worth.
The second rule is that the people who buy these cars are buying them for the status symbol they represent, and in two years a newer better model will be out, and those people are going to take the lions share of the depreciation of the vehicle as they upgrade.
The third rule is that if something tangible costs alot of money, it is because it required alot of energy to produce it. Either human energy, electric energy, heat energy and something that all of these energies have in common is that they create the "evil global warming culprit" CO2, which is also known as plant food.

None of these cars will ever really break even. The real reason these companies can bring the price down to only a $5,000 premium over any other car is because the government, also known as your hard work stolen in the form of taxes, subsidizes these vehicles to thousasnds if not ten thousands of dollars each in the form of research grants, actual car by car payments or tax breaks for simply building that particular car. On top of that, many of these car companies are losing money on these models for nothing more than the publicity and name recongnition those cars garner them, it is basically a form of advertizing. So, when all is said and done, while the consumer may eventually break even with one of these cars, the cars really never do break even, because of the hidden costs (read energy to build/CO2 produced) of the vehicles that the average consumer will never see.

RE: Cool
By Spivonious on 3/10/2009 3:28:11 PM , Rating: 2
The Volt only uses zero gas for the first 40 miles. After that it charges the batteries with a gasoline generator.

RE: Cool
By Oregonian2 on 3/10/2009 6:24:08 PM , Rating: 2
That's the biggie for those who's commute (and perhaps shopping) distance allows them not to use gasoline at all for most of their driving.

RE: Cool
By usbseawolf2000 on 3/10/2009 9:14:39 PM , Rating: 2
In cold weather, Volt will use gas engine to warm up the battery pack until the pack can discharge enough power.

RE: Cool
By Alexvrb on 3/10/2009 10:49:17 PM , Rating: 2
I was not aware the Volt did this. That's actually really smart, and it wouldn't use much fuel to do so. Very useful for cold climates, and doing so (along with their other methods such as not using the full capacity) should greatly extend the life of the lithium ion battery.

RE: Cool
By sinclaj1 on 3/10/2009 4:41:35 PM , Rating: 3
Actually, you're not saving much (if anything) once you factor in the interest over the life of the loan and the replacement of the car's hybrid battery.

Let's take $20k vs $25k at 7.5% for 60 months, for example. $5k is about the average cost difference between a non-hybrid and a similar hybrid model:

From auto-loan calculator:

$20k @ 7.5% x 60 mos = $24,045
$25k @ 7.5% x 60 mos = $30,056

The interest difference alone is $1k for each $5k difference in price, assuming you can snag a rate that low. The Federal tax credit for hybrids will take out a little, but not much of that. The cost for replacing the battery will add more to it.

I'm not against hybrids. I love the idea and the technology, and I owned one for several years, but I bought it when it was priced UNDER retail with great financing. Only then does it make clear sense. Now with gas prices down under $2 and dealerships scrambling to sell cars, now may be that time again.

Otherwise, it's as simple as paying for a $25k car over a $20k one. The $20k one will simply draw more buyers if it is a solid, dependable, and reasonably fuel efficient car.

RE: Cool
By mmcdonalataocdotgov on 3/11/2009 7:33:14 AM , Rating: 2
What if you actually drive 30K miles per year? That is what I drive. The Hybrid pays for itself in less than 2 years. That is the extra cost of getting the hybrid option over the base car, not paying for the whole car. The hybrid option cost an extra $3K or so.

"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke
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