With rising gas prices and long commutes, many people are opting for hybrid cars to save and reduce pollution.
Hybrid Buying Tips
Hybrid cars are becoming increasingly popular following continued hikes in gas prices, creating long waiting lists and high prices.
- The most popular hybrid vehicle remains the Toyota Prius, which recently hit sales of 1,000,000.
- With current gas prices, a Prius is slated to pay for itself in 2.6 years, presuming average mileage. A Camry will pay for itself in only 1.7 years, compared to its gas-only counterpart.
With more options available than ever before, you'll need to decide what kind of hybrid you want and what features are important (size, power or strictly miles per gallon).
- Consider buying a used hybrid to find greater availability.
- Research multiple dealers who may have hybrids in stock, as opposed to limiting your search.
Step 1: Is a Hybrid Right for You?
If you drive mostly highway miles (commuting back and forth to work, for example), it may make more sense to get a fuel efficiency compact car with a manual transmission, which may get you around 36mpg.
- If you drive mostly city miles, a hybrid will often get 50 percent or better mileage.
- If cargo space is crucial to you and your family, a hybrid may provide less of it, unless you move into the SUV hybrid market, which will
guarantee less impressive mileage (usually around 20 to 30 mpg).
- The comparisons between some of the new mid-size and SUV hybrids and their traditional counterparts may prove somewhat negligible, so do careful research on exactly what hybrid technology is in place and what difference it will make.
- Despite their often higher cost, recent studies show hybrids will pay for themselves
due to continually rising gas prices and government tax credits, provided owners drive them for at least a few years.c
- Consider, too, that gas prices seem to be going only in one direction: up. According to the New York Times, it was reported that gas could go to $7 a gallon in the near future.c
- Bear in mind you'll pay an average of 20% more for a hybrid vehicle versus its
contemporaries, though you may get a few more bells and whistles for paying that premium.
- Try using HybridCars.com's gas mileage impact calculator to compare the mileage you get in your current vehicle versus several hybrids that are available. Then, determine how much you'll actually save.c
- Are you willing to wait? As hybrid popularity soars along with gas prices, many
dealerships are unable to meet demand, forming waiting lists for hybrids that range from a few weeks to several months.c
- Especially if you want a particular make and model, you may need to be patient. The average wait time as of June 2008 for a Toyota Prius was between four and six months, nationwide.c
Step 2: Do Your Research
- Consult the following hybrid buying guides to narrow down your options and learn more: Consumer Guide Automotive and HybridCars.com.
Then see FuelEconomy.gov's comparison chart, which outlines all the hybrids on the market and their respective specifications.
- FuelEconomy's chart will even break down the exact cost of driving a twenty-five mile distance and what you should expect to spend on fuel in a year's period.
- Once you've narrowed down your choices (midsize, SUV, etc.), look within that category below.
Popular Compact Hybrids
- Still the most popular hybrid and driven by celebs like Julia Roberts and America Ferrera, the Prius originally went on sale in 1997. Expect to pay an MSRP of around $22,000.c
Increasingly popular, the Civic hybrid will get you 45mph highway and will also cost around $22,000.c
- A more luxe hybrid, not surprisingly, the Lexus hybrid is "performance-based" (with the horsepower to prove it) as opposed to strictly focused on better gas mileage, a
fact reflected in its significantly higher price, starting at around $55,000. It won the 2007 IntelliChoice award for Excellent Value.c
Popular Midsize Hybrids
- Roomier than the Prius, the well-liked Camry gets an average of 39mpg between city and highway miles and starts at around $25,000.c
- New in Spring 2008 as part of Saturn's "Green Line,"
the Aura gets 32mpg highway and starts at $24,550.c
- The Altima hybrid was voted Motor Trend's #1 midsize hybrid in 2007 and gets an average of 35 mpg. MSRP is just under $26,000, but the Altima is only available in several states.c
Popular SUV Hybrids
- The ever-popular RX model, one of the first luxury sedan-SUV crossovers, in its hybrid version combines a V6 engine with low emissions, similar to a compact car's. MSRP is just under $43,000.c
Known to be the most fuel-efficient hybrid—the "guilt-free SUV," the Escape gets an average of 34mpg and starts at under $27,000.c
- Starting at around $50,000, the Tahoe hybrid, new in 2008, can seat eight passengers and is full of luxury
details.c
Start Tracking Down Your Preferred Vehicle
Find dealers nearby using dealers' websites, as listed above. You can usually search current inventory to see exactly what is in stock.
Then, start calling around to find out what cars are on what lots and for what prices.
Visit nearby dealers and talk to friends to find a reputable dealership near you.
Try offering a deposit while you are on a waiting list to ensure you won't pay over the sticker price when the car finally arrives on the lot and multiple buyers are interested.
Consider buying used, as waiting lists may not be an issue, though be prepared to pay a premium. Hybrid owners are actually selling their cars for more than they initially paid, sometimes making a profit of close to twenty percent!
Step 3: Additional Considerations
See HybridCars.com's specific tips for buying a fuel-efficient vehicle to understand the the facts and vocabulary you'll want to master before negotiating with a dealer.c
- If you aren't willing to wait for a hybrid, you may pay more than the sticker price for it due to current demand.
- Even used hybrids are getting more and expensive as demand grows along with gas prices. Unlike well known gas-guzzlers which are getting much less in trade-in value (many SUV owners now owe more on their cars than they're worth), hybrids are surging in value.c
But, you are likely to get some kind of tax break, depending on where you live, as well as additional benefits like the privilege of driving in high-occupancy vehicle lanes regardless of how many people are in your car.c
- Also be sure to check with your insurance carrier to see if any discounts apply, as a few major companies have rolled out incentives for hybrid driving customers.
- See Mahalo's guides to how to buy a new car, how to buy a used car and how to lease a car for further instruction on negotiating with the seller.
Step 4: If You Can't Find a Hybrid
Consider waiting a couple of years, during which time prices are likely to fall and more models will come on the scene.
- Fuel-efficient, gas-only vehicles continue to impress experts, as cars like the Honda Fit and Ford Focus qualify for zero-emissions standards, get around 35mpg, and can cost around $10,000 less than the average hybrid.
- And a used fuel-efficient vehicle can be even better for the environment than a hybrid when you factor in the energy costs of production.
If better gas mileage is the motivation for buying a hybrid, be sure to check out Mahalo's guide to how to get better gas mileage to learn how to drive green in the car you currently own.
- Be sure to keep current with car maintenance and try removing your roof rack so that whatever car you drive is both efficient and aerodynamic.
- Try easing up on the gas pedal. Studies show that driving slower by even five to ten miles per hour will generate higher fuel efficiency, no matter the type of vehicle you choose.
