While the government might offer incentives to buy electric, and hybrid Cars manufacturers advertise all of the benefits of going ‘green’ with a hybrid, many consumers are wondering if buying these high-priced vehicles will really save them money in the long run. Hybrid vehicles, which use both electric technologies and gas, may help consumers cut down on their fuel consumption, but the lowered consumption rates do not really pay for themselves according to recent studies conducted by TrueCar.com.
How Long Will It Take to Recoup?
Hybrid vehicles are far from cheap. In fact, fuel-efficient technologies are so expensive to utilize, that the sticker price for even standard hybrids are a lot higher than those that come with a luxury vehicle. You have to consider the cost to buy a hybrid and how long it would take you to see the savings in gas to justify the purchase if you really want to discover whether or not the investment is worthwhile.
With gas at its current price under $5 per gallon, the average driver would not see a savings in buying a hybrid until they have owned their hybrid for about 8 to 10 years. Considering the fact that the average vehicle owner only keeps their vehicle for about 6 years, this fact alone is not enough to entice people to go ‘green’ and buy a hybrid.
Some Hybrids Will Save Owners Money Faster
If you take time to choose the right hybrid vehicle, you can see a savings within the lifetime of the vehicle and also reduce your carbon footprint in the process. The Toyota Prius and the Lincoln MKZ are two very popular hybrids that will payoff after only the first two years of ownership. If you are willing to pay a bit more for efficiency and wait for the efficiency to payoff, these options are practical.
There are other ways to make a conventional vehicle more fuel efficient. One way to increase the fuel efficiency of your vehicle is to invest in new replacement tires that will improve your engine’s performance. By visiting Simple Tire Online, you can compare the cost of cheap Hankook tires and other brands to save money on your wheels and ultimately on gas. Compare all of the sizes and styles that are available and even get connected with tire installers in your area. This tire search engine takes all of the guess work out of buying tires and choosing service providers to help.