While the cost of most hybrid cars are more than their non-hybrid siblings, many people think that they will make the difference back with the fuel savings. But is this true? Can driving a hybrid really save you money? And if so, how long will it take? Paying more upfront is okay if you can make it back within the time span that you own the car. But if it would take more than 10 years, most people wouldn't make anything because the car would be long gone by then.
The truth is it really comes down to the specific hybrid vehicle you purchase. Since each car is different, with different pricing, fuel economy and incentives, it differs from one vehicle to the next. But there is a way to at least estimate whether buying a hybrid is worth the money. There are some things you can look at, like a list of pros and cons of sorts, to keep in mind when shopping around for hybrid cars.
Take a look at your ownership history and estimate about how long you plan on keeping the hybrid car. If you trade in your car every few years, then don't expect to save any money driving your expensive hybrid. If you tend to drive your vehicles until they just can't roll down the road anymore, then you may end up saving quite a bit on gas money.
The cost of fuel is not the only cost factor to look at concerning hybrid cars. There is the cost of the replacement battery for the hybrid, which is much more than the price of a regular car battery. Hybrid batteries could possibly cost an average of $2000, something to keep in mind when factoring in the cost of maintenance and upkeep.
Beyond the basics of price and fuel economy are extras that come along with buying a hybrid car. As far as pricing goes, there are incentives out there for many hybrid cars to ease the higher prices. Some dealers may also throw in pricier extra features to sweeten the deal on a high dollar hybrid. The ability to drive in carpool lanes in some states, even with only the driver inside the car, can be a plus for many drivers who commute in grueling traffic every day.
Once all the numbers are calculated and crunched, it may come down to what you want out of your vehicle. There is no confusion as to the environmental impact hybrid cars have over regular gas hogs. Less pollution and great fuel economy are the big reasons why many people are making the decision to drive a hybrid off the lot.