Buying a hybrid car may be an appealing way to save money on gas and to be a hip "green" environmentalist, but the off-the-lot price of a new hybrid car is often a stopper for many new-car buyers. One way to avoid the extra cost of many hybrid cars (compared to the traditional gas guzzler) is to buy a used hybrid car. Now that hybrid cars have been on the market and road tested for several years, it is easier than ever to find a used model that suits your needs for a satisfiable price. Make sure you're satisfied with these 5 factors to determine if a used hybrid car is right for you.
1.) You drive at least the average number of miles or more
While you can save money by buying a used hybrid car, some used hybrids still cost more than their used gas consumption counterpart. While the price difference generally isn't as dramatic as it is on new cars, you will still take longer to regain your additional investment. Hybrid cars get better fuel economy or miles/gallon, so the more miles you drive, the faster you will regain the extra cost. To get to the break-even point the you should be someone who drives around 12,000 or more miles per year.
2.) You have a dealer or independent hybrid mechanic conveniently located
While any mechanic can handle some of the repairs and maintenance on a hybrid car, you will still need to bring your hybrid car to the dealership or an independent mechanic with hybrid training for the complete plethora of hybrid cars and repairs. Make sure there is a dealership or mechanic located near you that is qualified and trained to work on the hybrid car you are considering buying to save time and prevent a myriad of headaches.
3.) A More Expensive Insurance Premium
You are comfortable with the extra cost of auto insurance, oddly enough it cost more to insure a hybrid car. Hybrids are often touted as cheaper to own because of the cost savings in fuel, but many hybrids cost more to insure than their gasoline based vehicles. Contact your local car insurance agent to get a quote on the model you are thing of buying. You'll be fully aware of your car insurance costs before you make your purchase.
4.) Have the Hybrid Car's Powertrain Thoroughly Inspected
Buying a certified pre-owned car is important or having a qualified independent mechanic thoroughly inspect the hybrid car before you buy it. Be confident you are buying a used car that is in proper shape with no hidden problems is important regardless of what model you buy, but with hybrid cars there is often a greater concern due to the hybrid powertrain. For added peace of mind, use an independent mechanic with hybrid car expertise to thoroughly inspect any cars you are interested in buying from private parties. Or, buy a hybrid car that has been certified preowned, or CPO, through the automaker. Toyota has a separate CPO program for hybrids. All of the automakers that sell hybrid cars will certify these cars through their standard CPO program.
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