This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Are Toyota Prius Owners Environmentally Friendly or Just Complete Tools?

video platformvideo managementvideo solutionsvideo player

NEW YORK ( TheStreet) -- After 12 years without a car, I caved. I didn't have to buy a car, but it made sense.

Since 1999 I never had a problem getting around by foot, bike and public transit in San Francisco, Irvine, Los Angeles and now, Santa Monica. In all four locations, local travel -- say within a 5-10 mile radius -- was easy. Outside of 10 miles I biked practically everything, even in the pouring rain.

If I ever needed four wheels, I rented them. But, as airport travel and CNBC appearances become more frequent, the car-dominated landscape of Southern California necessitates car ownership.

So, like some people buy a pack of gum, I went to Toyota (TM - Get Report) of Santa Monica (go see Luis Caldas. He's a no-hassle salesman!) and, in less than two hours, took ownership -- via Toyota Finance -- of a 2013 Toyota Prius.

I knew I wanted a Prius. Why? Like I said in the video that accompanies this article, I got a Prius because it's a quiet car. I could have gone electric (like Dylan did at Newport), but that would have cost more and my plug-in situation isn't ideal.

While I like the good gas mileage (I logged 58 MPG on a recent 15-mile highway/city commute), I am under no illusions that I am somehow saving the world by driving a hybrid. I just like the car. It's comfortable. It's the right price. If it ran on the sweat of young Chinese factory workers instead of a mix of gas and electricity, it wouldn't make a difference to me. A car is a car. You drive one and, from a social-environmental standpoint, quit fooling yourself, you're probably not making matters better.

When Caldas told me the Prius was the best-selling car in California in 2012, I hesitated to believe him. But it checked out: Californians registered 60,688 of them last year . That helped Toyota's overall lineup account for one of every five cars sold in the state in 2012.

I shouldn't be surprised. The Prius is ubiquitous, particularly in Santa Monica.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $125.59 0.85%
P $15.54 0.00%
TM $132.45 0.00%
FB $86.46 0.77%
GOOG $521.52 0.00%

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs