With the hybrid car becoming more and more a new car buying sensation, more used hybrids are on the market. These cars are being snapped up simply because of the fear of increased fuel costs as oil continues to increase in cost with lower levels of availability.
People are buying the used hybrids to lessen their stress over increasing oil costs and the cost of operating a conventional automobile. The use of hybrids lowers the consumers’ dependence on oil and the price hikes we are seeing on an almost daily happening. And people are becoming extremely environmentally conscious in today’s world.
Most of the older folks never thought there would ever be anything close to an oil shortage. No one ever gave thought that there would be so many cars on the road today and the car industry would be making so much money. Even with the lower gas mileage of the older cars people did dream of new sleek cars and better mileage. It seems those dreams are now becoming a reality through hybrid cars.
Today, hybrid cars are easily accessible, both new and used. These non-traditional cars are filling a gap that has always been there with conventional cars. Hybrids are sold on the same lots as conventional cars. It doesn’t really take much time to purchase one, but there is a sting with the high prices. Even so, over time there will be a benefit of having bought one.
Simply because of the new technology used in hybrids, the prices are often higher than that of conventional cars. Sometimes the prices are premium. The newness of hybrids means it will be some time before the prices begin to fall. As with new conventional cars losing money coming off the lot, so do hybrids.
Looking for a used hybrid today may be a little rougher than looking for a conventional car. That’s simply because few of them have been made. Car dealerships or brokers are now actively helping people find hybrids.
When it comes to fuel economy and environmental considerations it really does not matter if you buy a used or new hybrid car. The main difference is cost. As with any car buying decision, look over the operational abilities of the car and make sure everything works before you buy.
New Hybrid Cars: Cost Outweighs the Benefits
Hybrid cars promise consumers lower fuel cost and a better standard of living. Finally, the money wasted at the pump can be spent on little Timmy’s dream vacation to Disney Land or maybe Suzy can buy her name brand cookies that she couldn’t afford before this glorious budget saver. However, these hybrid cars come with a cost. A Toyota Prius costs roughly $24,000, a whopping $8,000 more than its non-hybrid counterpart, the Toyota Corolla. If you’re thinking of switching to a hybrid, be sure you can afford the extra cost just for owning the car.
Maintenance for a hybrid could come with extra charges as well. Sticking with the ever-popular Prius, a replacement battery outside of the warranty timeline costs $3,000. That’s roughly $2,800 more than a Corolla battery costs. Now, with the cost of the car rising above $10,000, one has to wonder if operating a hybrid car is actually cheaper. A majority of drivers spend most of their time in the city driving, not on the highway. Compared to the Corolla, the Prius saves 23 miles per gallon. But in five years, will those twenty-three miles add up to $10,800? No. Just the added cost of buying a hybrid and the cost of replacing a battery is not made up for by the fuel efficiency. Costs that weren’t added include oil changes, tire changes, wiper blade replacements, and overall maintenance to the car. While every car needs maintenance, the parts for a hybrid cost more.
Fuel efficiency may be higher for a hybrid, but until the price for replacement parts goes down, owning a hybrid is not economically efficient. The only bonus to owning a hybrid is the knowledge that driving this type of car is better for the environment. The added money in the wallet at the pump is chump change compared to the actual cost of owning and maintaining such a car.