Do Hybrid Vehicles Save You Money?

 
While many people buy hybrid vehicles because they care about being environmentally friendly, there is also the motivation to buy one based on gas savings. However, a popular belief is that it takes too long for hybrid vehicles to realize savings and that it isn’t the smartest investment in the long run.
 
Considering the average car is driven for approximately six years before its traded or replaced, experts believe that gas would have to exceed $2/litre over that time period for it to be worth purchasing a hybrid vehicle.
 
Even though it may not be the most cost effective approach to purchase a hybrid vehicle, there are still many advantages to owning one. Other than feeling good about helping the environment, hybrid drivers will be saving time by not having to pull over for gas nearly as often as non-hybrid consumers.
 
In addition, some auto insurances companies will offer you cheaper rates if you drive a hybrid, which may make up for the extra money that you’re spending on a vehicle. Overall, hybrid vehicles have their pros and cons so consumers should consider what’s most important to them before making their purchase.
 
Patrick Britton – Guest Blogger