Ways in which a hybrid car can save you money is a popular topic for those who are interested in purchasing a hybrid bar. Due to the high cost of living, people all over the country and the world are trying to find different ways to save money. Which means, buying a hybrid car may be on the top of the list of ways to save money on the gas bill. Tax Incentives and Federal Rebates Even though saving money on gas is the main objective when buying a hybrid car, there are also other savings attached to these purchases. One of which is receiving tax incentives and federal rebates. The initial prices for these cars are higher than the regular cars but they are normally balanced out by the incentives that the person receives when it is tax time. Higher Resale Value When a car buyer drives off the lot, it is a known fact that the car can depreciate in its value by thousands of dollars. With a hybrid car, Great Car Insurance Quotes, the car buyer can drive off the lot with the assurance that they can sell their car for more. The resale value is also great because these cars require less maintenanc
Most people think that hybrid cars are a relatively new development and would be surprised to learn that they have been around for over a century. The first hybrid car was developed by Ferdinand Porsche in 1901, and electric cars and hybrids were actually quite popular in the early days of motoring.
Hybrid cars made a comeback in Japan in when Toyota released the Prius in 1997, with Honda following suit with the Insight two years later. However, high window stickers combined with low gas prices translated into slow sales for the groundbreaking cars.Read more…
These days, it seems as though just about every major vehicle manufacturer has begun to develop hybrid versions of their vehicles. This is likely due to the fact that gas prices are higher than ever and show no signs of decreasing any time soon. As a result, consumers have begun demanding more fuel efficient vehicles as a way of cutting down on the cost of ownership.
Furthermore, concern about the environment and vehicle pollutants has also led vehicle manufacturers to produce more fuel efficient, hybrid vehicles. Since hybrids do not rely as heavily on gasoline, Read more…
Hybrid cars are more affordable than ever thanks to more efficient batteries. More gas stations are putting in charging stations just for hybrids. However, there are very few used hybrid vehicles on the market, so for now consumers will have to buy new. Here’s what to check so you know if you can afford a hybrid car.
Call Insurance Company
One of the biggest car expenses is car insurance. Many car insurance companies will offer lower rates for drivers of hybrids or at least will keep the rates the same. It’s always best to talk to your car insurance agent to see if driving a hybrid will make any difference to your monthly premiums.
Calculate Gas Prices
Take a look at what you spend for gas in a year. If this figure is unknown, keep track of what you pay for gas in a month and multiply by 12. Divide this figure in half, because you may have to sometimes use gas in a hybrid. The resulting figure is a conservative estimate of how much you’ll save on gasoline that can be put towards monthly payments on a new hybrid.
Trade In Price
Don’t assume that hybrid sellers will not purchase your conventional gas car. Some will give generous offers for your old vehicle. It never hurts to ask what you can get for your old car. This may take a big chunk off of your hybrid’s price tag.
Factor In Tax Write-Offs
Americans may be able to get a refund in their federal taxes if they purchase a new hybrid. Some state and local areas also offer refunds because hybrids are better for the environment. Contact your tax preparer for current details and check out the US Department of Energy’s website about tax credits on fuel-efficient vehicles, www.fueleconomy.gov.
When a vehicle uses two or more power sources to move then it is considered a hybrid car. When most people think of hybrid cars, they think of vehicles that use a combination of electric motors and combustion engines. However, there are large varieties of other power sources a hybrid vehicle may use such as coal, wood, electromagnetic fields, natural gas, hydrogen, solar power, wind or even human power.
People use hybrid cars for an assortment of Read more…
Purchasing a car is an important investment and should not be taken lightly. There are a number of different options on the market with regards to makes and models. However, the biggest consideration facing most potential buyers is gas consumption. With rising gas prices, finding a vehicle with a high MPG rating is a top priority. If gas mileage is an important factor in buying a car, then most people would immediately think “Buy a hybrid.” However, one has to know the main differences between hybrid and gas powered vehicles Read more…
Although “hybrid car” can refer to any vehicle using two types of power sources, hybrid cars today involves HEV (hybrid electric vehicle) technology. Hybrid cars run on both gasoline and electricity to power the engine.
As with any traditional gasoline engine, the care and maintenance routine should involve regular inspection of all the fluid levels, tire pressure, oil changes and lubrication points. Hybrid cars also involve all of these proper care parameters because the engine uses the same gasoline technology. Don’t assume that since it’s Read more…
It may seem that hybrid cars have just one benefit that is excellent gas mileage. However, hybrid cars are not the only ones that offer increase in gas mileage. So what are the real benefits of hybrid cars?
Even though latest hybrid cares offer more gas mileage, but what makes them much better than electric cars is their ability to travel long distances. Electric cars can travel around 150 kms at the most, but hybrid cars are backed by gasoline engine. This allows these cars to Read more…
Ways in which a hybrid car can save you money is a popular topic for those who are interested in purchasing a hybrid bar. Due to the high cost of living, people all over the country and the world are trying to find different ways to save money. Which means, buying a hybrid car may be on the top of the list of ways to save money on the gas bill.
Tax Incentives and Federal Rebates
Even though saving money on gas Read more…