Is it time to trade in for a hybrid?
More fuel efficient cars are coming in all shapes and sizes now. Hybrid is a catch phrase that many dealers are pushing. Is it time to buy a hybrid though? The last time I did the math on the difference in cost (taking into account tax rebates for the hybrid). It didn’t make sense to spend the extra money unless gas went up to 8 dollars a gallon or I drove twice as much a year. (Or I kept it for 10-15 years.)
So, when does it make sense to buy a hybrid?
Get 100 MPG out of your CURRENT car – Plug In Hybrids are here now
While the Chevrolet Volt is a hybrid that is still not available for purchase, there are ways of converting existing cars to be VERY high mileage hybrids. Some can get as much as 100 miles per gallon. Essentially, there are companies selling a retrofit kit for existing hybrids like the Toyota Prius and Ford Escape. The kits can run from $5000 up to $35,000 but mileage can average around $100 per gallon. Depending on your vehicle usage this could be a fantastic upgrade!