Hybrids: Are They Worth the Hype?

prius hybrid investmentThere 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.