Pros & Cons of Hybrid Ownership
Hybrid vehicle options have taken the industry by storm. Kelley Blue Book estimates that 25% of prospective buyers are currently considering buying or leasing this type of car, reducing environmental strain and saving more over the vehicle’s lifetime.
Exploring The Advantages: Why Own a Hybrid Car?
Tax Credit Opportunities
Government entities and organizations have come together to create a competitive suite of tax credits that you may be eligible for with electric vehicle ownership. This is just another primary way to save with hybrid ownership, as you’ll already be saving on lower energy costs and less overall maintenance.
These tax credits can be done on either a federal or state basis. For more information regarding tax credits and eligibility, we encourage you to connect with your tax preparation specialist. Team members in our billing department can also help you to secure critical information you need to claim.
HOV Access
Carpool lanes are one of the most efficient ways to travel, especially if you’re covering long distances. Hybrids are very efficient and are able to access the carpool lane, bypassing the regular legal requirements of 2+ people being in the vehicle at the time of the lane change. This can save you hours off of your commute in certain cases, and can be a helpful tool if you find yourself driving often.
Reduced Maintenance
You may have heard that hybrids and EVs often have lower maintenance costs compared to gas vehicles. We’re pleased to say that this is absolutely true. Hybrids have less moving parts compared to gas-only vehicles, and won’t need routine maintenance like oil changes or fluid refills (in some cases). Many feel that they spend less money on maintenance over the car’s lifetime.
Environmental Support Options
When you commit to a hybrid, you’re committing to ongoing environmental support—from the first purchase to every time you drive your car. This can have a tremendous impact on climate change, and encourage further trickle-down effects to other drivers in your family.
Possible Concerns About Hybrid Investment
If you’re considering buying a hybrid Land Rover car for sale in Austin, TX, it’s important to also consider possible cons. Assessing both the pros and cons of the purchase can save you from buyer’s remorse later on.
You may have less models to choose from.
With hybrid and EV ownership on the rise, we do expect to see several new models roll out in the next few years. However, you may find that you have less models to choose from compared to gas cars at the time of this publication. This is largely due to the mixed perceptions of cars in the current market, which, while rapidly changing, are currently variable enough to allow for other competition and a wider selection of gas-powered models.
You may find them more expensive up-front.
While it’s true that you can experience significant savings over the course of the hybrid/EV’s lifetime (such as with lowered maintenance and fueling costs, tax rebates and more), they may be more expensive up-front.
You might have to determine if Hybrids or EVs are more relevant for your location.
Charging stations may or may not be present for those who live in more rural areas. While there are initiatives that are working to make these options more prevalent in other areas, they haven’t completed the work yet—which means that you may be limited to driving to areas that have chargers available. This means that when deciding between a hybrid or an EV, you may be limited to just hybrid options as there will be nowhere to charge a full electric vehicle.
Find Your Hybrid Vehicle with Land Rover Austin
Ready to start your hybrid purchase experience? For more information and to get started today, please give us a call at 512-236-0000. We’re here to help.