According to Consumer Reports, the new Honda Civic, which boasts a better fuel economy than past models, will not save consumers more money than the older cars did.
The Honda website says that its 2012 model, the Honda Civic HF, gets 41 miles per gallon on the highway and 29 in the city. Combined, it gets a combined total of 33 miles per gallon. This is only one mile per gallon more than the previous model, the Civic LX, but the newer version costs $800 more, according to the organization.
The organization calculated that if a buyer drives an average of 12,000 miles per year and pays $4 for a gallon of gas, the HF would save $45 per year in gas. This means it would take 18 years to pay off the extra cost of it over the LX.
Consumer Reports suggests that instead of purchasing the HF, buyers who are conscious of their environmental footprint and saving gas money should get the LX and donate the $800 to an environmental organization. These consumers may get more back in a tax credit for this donation than they would save in fuel for the first year driving the HF. An online car loan can help to finance either purchase.