There has been a lot of hype over the past ten years about hybrids since their inception. Hybrid technology has improved and become less expensive. However, there is still a debate as to whether they are actually worth the extra money.
Before you buy a hybrid, do a little hybrid math. You may be surprised by what you find. Consider the following:
- You must first consider the price increase from the conventional model to the hybrid.
- You must then consider the difference in fuel economy.
- Also do not forget to take into account if there is an increased cost of ownership for a hybrid model over a conventional one.
For the many hybrid models that exist, it will take years to recoup the additional costs compared to the conventional model. Before purchasing a hybrid, make sure to find out if it is the right vehicle for you and whether or not it brings value. If not, you might not like the decision you make.