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New member here, trying to decide if Insight is worth it

1802 Views 13 Replies 12 Participants Last post by  cainsight
Obviously, the Insight is worth it to the owners here, but I'm trying to decide if it will be worth it to me in my own personal circumstances.

I currently drive a Honda Del Sol, which is enjoyable especially during Spring and Fall, but I really want better gas mileage than the low 30's I'm getting with it. It cost me about 5 grand, but it's paid in full, and has so far not had any major problems at 140k miles. I'm currently a student with a very small commute, but for those roadtrips and trips home, it would be handy. I'm also moving to Houston for the summer where I'll have at least a 25 mile commute to work. The increased mileage of an Insight would be extra nice here.

I considered purchasing a used Insight until I read the forums here for a week or two. The general direction I was getting from owners was to buy new to get the warranty and possibly a tax break. I even called the dealer and found that I could have new one in two weeks if I pay a deposit. However, purchasing an Insight would require me taking out a loan, and I will be paying it at least until April 2007. Plus, from what I've read here, there won't be a tax credit for the 2006 Insight, and may or may not get a tax deduction.

So, while this will be a personal decision, I wouldn't mind some input from experienced Insight drivers (and possibly some individuals older and wiser than me). Is the better gas mileage worth getting into a car loan, and will the savings really pay for themselves in my case?
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This is one of those "for what little it may be worth" notes ...

Odds are you will get considerabley better gas mileage with an Insight, new or used than with any other car - at present.

It has been suggested that you look into acquiring a used Insight and from what you have described as your needs, car wise, it'd be worth your while to look into going this route; as one man put it, gas milege alone won't make up the difference when it comes to purchasing a new Insight.

If you do elect to purchase a used Insight, by all means, consider using the services of a local attorney BEFORE putting any money down and signing anything, especially when it comes to the warranty/ies (if any) which come with the used car. This will increase the probability that you will get what you, (a) have been lead to believe, (b) want you want and (c) what you might reasonably expect warranty wide during the time you own the used vehicle.

As one who recently purchased a new Insight, I can suggest without fear of contradiction that these little cars appear to be very well thought out.

As for that Federal Tax Incentive - don't ignore it. I offer this as it is my understanding that it's still in play and if you expect to pay federal income taxes over the time you expect to own a NEW Insight, by all means do look into this. I understand the figure is six thousand five hundred ($6,500) dollars but don't take my word for it. Check with the IRS and do this several times - not all of those people who've been hired by the IRS know what they're talking about. Again, as I understant it, this financial incentive only applies to NEW vehicles, not used ones.

If high mileage is what you're after and you settle on a used Insight, get one with a manual transmission not an automatic; i.e., CVT. But make no mistake about it, by current standards these CVTs get very good mileage to - 50 to 55 mpg - unless you have a heavy foot and poor driving habits.

If you purchase an Insight, you'll probably like it, including the up front gas savings, even on those short comutes you mentioned.

Hope this helps - and let us know how you make out.

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