Cost and Benefits of Hybrid Cars Essay Example for Free

Cost and Benefits of Hybrid Cars Essay Have you pulled your car up to the gas pump lately and been shocked by the high prices of gasoline? The Auto industry has the technology necessary to address this concern. . It’s the hybrid car. Today, there are many different models out there in the market and most major manufacturers are involved in developing them. Hybrid cars will save the drivers a lot of money. The purpose of this paper is to identify the costs and show the benefits of this awesome vehicle. Identifying Costs. This section is designed to compare and contrast all the costs that we will see in the decision of purchasing a new hybrid car. It’ll include all monetary costs and all non-monetary costs. I will be comparing the costs of buying a new hybrid to other regular non-hybrid vehicles in order to better see the differences. A. Gasoline Car Loan People are obsessed with spending less money on gas. Websites have even been created to help the penny-pinching consumer find the cheapest option close to home. Hybrid cars get really good MPG (miles per gallon). In my opinion, the best way to find out if switching over to a new hybrid car is a good idea is to compare the prices and costs. I’ll use my own car as an example, if I were to replace my paid-off 1999 Honda Accord, which only gets 25 mpg, with something more economical; I would consider a Toyota Prius or a Corolla. The following chart shows how much money I would save if I made the change. |2012 Auto |Miles per Gallon (MPG)|Monthly Gas |Sticker Price |Monthly Payment |Net Monthly | | | |Savings | | |Savings | |Toyota Prius |55 |$ 70. 71 |$21,275. 00 |$386. 56 |$(315. 85) | |Toyota Corolla |36 |$ 34. 72 |$14,005. 00 |$227. 83 |$(193. 10) | The table above, shows us how much more it is to save if purchasing a Prius over a Corolla (Hensley 2011). On the other hand we can see that the sticker price of a Toyota Prius is more expensive than the Corolla. The monthly payment above is calculated at a 5. 5% APR. However in the long run we will be saving so much more if we chose the Prius, because the money that we are saving on gas every month could be used to pay off the difference in the Sticker Price. With gas prices skyrocketing again like they did in 2008, this will be the best decision to make. The following chart will give us more insight on gas prices (Hensley 2011). [pic] B. Taxes Even though the final selling price is including taxes, there are many things to note about tax credits per hybrid car. There is no set tax credit, and it depends on what vehicle you buy, so remember not to only take into account the miles per gallon and price, but also the varying tax break incentives. The list of IRS-certified vehicles is not always the same; automakers keep producing hybrids that are qualified and adding them to the list, we need to make sure we look at the updated data. Also, another thing about hybrid tax credit is that they are reduced every year and eventually is eliminated, so make sure to check out the phase out dates that are determined by different manufacturers. Credit amounts begin to phase out for a given manufacturer once it has sold over 60,000 eligible vehicles. It is all depending on the year, for example if we go back to 2005, you can save anywhere from $500 all the way up to about $3,400 (Fuel Economy. gov). Sometimes, it can be a guessing game, but remember, we will be saving something and it adds up! Vehicles purchased after December 31, 2010 are not eligible for this credit (Fuel Economy. gov). C. Registration Fees and Other Monetary Costs The registration fee is the amount charged by the state to register a new car, assign a title (legal proof of ownership) and cover the cost of license plates. The dealer provides this service for you; saving you a trip to the DMV or registry but the money goes to the state. There are other fees that need to be paid when buying a new car such as: doc fees, taxing the trade-in, taxing rebates and dealer fees. However; when buying a Prius those fees will be the same as buying a regular car so further explanation is not necessary (Karim, Layton). D. Non-monetary costs The time it takes to go buy a car would be one non-monetary cost. Let’s say I was going to go buy today. Since I work 40-hours a week and get paid $9. 00/hr, I would have to get at least 10 hours, 5 hours off of work and 5 hours off my personal time. I could use this time to go to the dealership pick out the car and do all the loans and transactions necessary. Filling out all that paper work can take a lot of time, and since I am a college student I need time for school as well. Therefore my Non-monetary cost is 10 hours of my time from my work-time/personal time. Another cost would be the amount of gas that it takes to drive to the dealership and the time it takes me to travel there. If someone is accompanying me and helping me decide which car I want, I am also using their time which could be almost as much as my time. Benefits 1. Savings at the Pump All Hybrids get a better fuel economy than their counterparts. 2. Lower Insurance Rates Insurance rates can depend on many things such as your driving record, your age, and it can also depend on the model car you drive. Driving a Prius will lower your insurance rate from 5-10%! 3. Government Assistance The Federal Tax credit was also a great benefit although they stopped giving it at the end of 2010(Fuel Economy.gov). 4. Lower Emissions A fact that should be considered is that 97% of all vehicles in the U. S are dependent on Oil. Also with lower emissions it’ll help less Carbon Monoxide adding to Global Warming. In fact, Regular vehicles create 1/3 of the greenhouse effect (Karim, Layton). The key thing here is that the amount of pollution allowed does not depend on the mileage your car gets. But a car that burns twice as much gas to go a mile will generate approximately twice as much pollution. That pollution will have to be removed by the emissions control equipment on the car. So decreasing the fuel consumption of the car is one of the surest ways to decrease emissions (Karim, Layton). 5. Special Car-Pool Lanes In some states if you own a hybrid car, you are allowed to use a special car-pool lane regardless how many people are in the vehicle. After identifying all the monetary and non-monetary costs. We can see that the Sticker price is more expensive than purchasing a regular vehicle. However, in the long run with the gas mileage we will be receiving from this awesome hybrid technology it will payoff for everything that we’ve spent. It’s sort of an investment. If we add all the benefits, we can see that we are not only benefiting ourselves when we purchase a hybrid but we are helping the environment and our world (Fuel Economy. gov). More people are buying more hybrid cars everyday, the sales of hybrid cars increased 141% from 2004-2005 (Karim, Layton). In conclusion, I recommend everyone that if they are looking to buy a new vehicle, hybrid is the way to go. All the benefits we receive from it are totally worth it, and although the cost might be somewhat high in comparison to other cars, it’s worth it. Not only will we be saving gas driving to work, school and other places, but also we won’t take into as much consideration the price of gas next time we stop at the gas station! References Fuel Economy. gov. (n. d. ). Retrieved from http://www. fueleconomy. gov/feg/hybrid_sbs_cars. shtml Hensley, R. , Knupfer, S. M. , Krieger, A. (2011). The fast lane to the adoption of electric cars. Mckinsey Quarterly, (1), 10-14. Nice, Karim, and Julia Layton. How Hybrid Cars Work 20 July 2000. HowStuffWorks. com. 04 April 2012.

National Debt :: Economy Economics Argumentative Papers

National Debt The national debt is an issue of great concern to the economy. Each year, the debt amounts to a higher percentage of GDP. As we have studied, the debt weighs down the economy, and the interest payments are consuming an ever larger share of the national budget. Something must be done to avert this crisis from coming to a head. We need to begin today, by making spending cuts ACROSS THE BOARD. These cuts must be enacted sensitively, however, in order to keep the economy stable as we move toward a balanced budget. The need for spending cuts across the board cannot be understated. For just one example of how imbalanced our policies are, notice how 63% of all entitlements go to retirees. 93% of these are NON-MEANS-TESTED. Federal spending on the 65 and over age group is 11 times greater than on the 18 and under age group.^1 We must pay off the debt, but the current Republican plan should be votoed. First of all, it leaves welfare for the well-to-do, Social Security, and defense off the table. In fact, the current plan calls for a $34,000,000,000 increase in defense spending.^2 (Doesn't the military have the discipline to learn to be more cost-effective?) At the same time, the Republicans are calling for a $245,000,000,000 tax cut. Their plan is supposed to restrict the growth of Medicare. This is a good start, but they have no definite plans on how to restrict it. Basically, the Republican plan aims to balance the budget entirely at the expense of the young (for whom we are trying to balance the budget), the environment that they will inherit, the poor, and the weak, while sparing the rich, thealready-by-far most powerful military in the world, the elderly (the ones who accrued most of this debt for us),

Xbox

Get Free Xbox Live Membership Codes This method requires a glitched code I personally bought, the code doesn’t work when you try to redeem it, however to the employee’s at Xbox is shown on their screen as Active and working but does not tell them what the code is actually for (1 month, 3 month, 12 month, 4k msp etc. ) I know what you’re thinking already, bullshit? No, try it yourself below. Note: They could ask for the code anytime, so be ready. Make sure you’re signed in on a NEW silver account every single time you do this or it will not work.Also, on the Silver account fill out billing info with a fake address name, ect. Also, edit your bio and motto and everything else such as your gamerpicture so it looks like a real account. *Don’t just rush into this method without following the directions stated above or it will not work! * K8F3V-78HXG-YRRJ4-TW8XQ-RR7M3 1. Go to Xbox. com and get on Contact Us -> Support 2. From the drop down menu, choose Xb ox Live -> Prepaid Codes 3. 3.In the description type â€Å"Help with prepaid codes, very confusing† Or something along those lines. *Change what you write here everytime! * 4. When they welcome you, just go with what they say, act normal. Tell the Agent a scenario, say you got your code for you birthday from your mother. You got the code, wrote it down on a piece of paper and planned to use it when you needed it. Then, say that you tried to use it and it gave you an error code on the xbox. (Be creative with this story, make it convincing! ) 5.Tell them you can’t take the card back because you trashed the card after you wrote it down on a notepad on your computer for covinence. 6. If they ask you to troubleshoot the issues just don’t reply for a while, then tell them it didn’t work, or if they ask what the code was tell them it was for whatever you’re wishing to obtain. 7. If they ask what the error was when redeeming, the error on xbox. com is â⠂¬Å"This code is not valid† and the error on the console is â€Å"This code isn’t valid. Please enter a valid code. † 8.They will probably go on for a while asking you different questions , just answer the questions and feed them the lies you think they want to hear and you’ll be fine. 9. Eventually they should either : Offer you a 1 month code as they can’t give you anything else because you don’t have the original card, escalate the request for you and you will receive your desired code via email in a few days OR they will tell you they can’t do anything (If they say this to you, you have failed. You should just end the conversation then X it off and try again in an hour or so)

Swot and Pestle - 1359 Words

SWOT PESTLE Analysis SWOT and Pestle analysis is a strategic analysis tool that feeds important information into the business strategy formulation process. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. SWOT is used to determine the current position of an organization. The first two components pertain to internal factors and the latter two concern external issues. Pestle (or PEST) is an acronym for Political, Economic, Social, Technical, Legal and Environmental analysis. Pestle is a tool for assessing the external context of an organization (Bee, 1998). Sequence Pestle can be used alone or in combination with SWOT. If combined, Pestle analysis is done first to provide a context for SWOT analysis (Basu, 2004). Pestle†¦show more content†¦The beauty of SWOT and PESTLE are their simplicity and the fact that they are applicable in every market. Let’s talk about SWOT †¢ Strengths These are the strengths within your organisation. What exactly is it about you and your business that is better than the competition? Examples might include quality products, advanced technology, advanced knowledge and a long established business. Identifying the strengths of your current business or a new venture can improve the efficiency of your sales and marketing efforts – it helps you to visualise the unique selling point of your business which helps you write better sales copy, create better sales letters, make more successful sales calls and develop smarter marketing campaigns. †¢ Weaknesses Be realistic about what is weak about your business. Are you less advanced than the competition or do you produce lesser quality products? Understanding what is weak about your business can help you to negate these shortfalls, you might produce lesser quality products BUT you are cheaper. Having an awareness of your weaknesses allows you to be smarter with your marketing messages, it helps you to determine which promotional battles to fight and which ones to avoid. For example, the British supermarket chain Morrissons doesn’t profess to being the cheapest supermarket, but instead it chooses to compete on produce quality and freshness. Only pick fightsShow MoreRelatedCadburys Swot and Pestle1329 Words   |  6 PagesSWOT analysis Strengths Cadbury has a strong manufacturing competence, established brand name and a leader in innovation. People trust the company and support the brand. Cadbury’s is fully focused on chocolate, candy, and chewing gum, with a unique understanding of consumer in the segments. This allow Cadburys to be able to put all efforts and resources into just this area, concentrating all RD and marketing here and not using money in other areas. 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We neither endorse nor tolerate any form of plagiarism, whole or partial, and will not engage in any activity that facilitates cheating. Papers For You or its affiliates will NEVER sell a model paper to ANY student giving us ANY reason to believe that (s)he will submit our