Mon 15 Jan 2007
Hybrid Cars Mean Overall Saving On Cash…How?
In this high paced twenty first century world, who cares to listen to conscience?
Well, a sizeable section of the population seems to be doing exactly that.
How? —Simply by investing in a hybrid vehicle!
After all, we all should contribute something for making the environment better; at least we can help prevent its further deterioration. A hybrid car can help you to do your bit! And as we all have been taught in our school days that rewards await those who listen to their conscience; it really does pay owning a hybrid car. Some of the recent studies confirmed the fact that you can actually save lot of cash in the long haul if you opt for a hybrid car instead of an ordinary vehicle.
Soaring gas prices; add to it the stricter environmental rules; owning car—cause enough for a big headache! Now there is no doubt that a hybrid car is all politically correct as it helps you to go green. But people are still doubtful whether it will be monetarily beneficial to purchase and own a hybrid car with all its hi-fi range of electronics and oversized banks of cutting edge batteries plus an electric motor in addition to internal combustion engine!
Here is the good news for the doubting Thomases!
The latest report by Los Angeles-based IntelliChoice—one of the most reliable auto buyer’s guide— tend to clear all your dilemmas regarding a hybrid car. Their latest report based on automotive cost of ownership data revealed that hybrid cars will give you better cost-effectiveness than their conventional cousins over a five year/70,000 mile period.
In spite of their greater upfront costs, the hybrid cars save on cash as you consider the cumulative factors of
- Fuel cost
- Federal tax credits,
- License fees
- Moderate maintenance costs
But the real catch however lies in hybrid cars’ lower depreciation value/greater abilities of retaining values which is almost five and ten percent than the conventional vehicles.
Still not convinced? Consider this: a Prius owner over a five years period will save $13,408 more than the owner of a similar-size sedan. The rest 21 hybrid models on the market today are not far behind in performance either.
So why not stay true to the old planet while saving on some good cash all the way?