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The Most Cost-Effective Hybrids
November 28, 2012
This week, Jim Gorzelany from Forbes.com took a look at the most cost-effective hybrid cars on the market right now. Considering the average hybrid costs $5,243 more than its gasoline-only equivalent, you wouldn't expect many of them to recoup that investment, but 11 hybrids were projected to do so over a 5-year period, according to research company Vincentric.
Taking into account total ownership cost factors including depreciation, fuel costs, financing, insurance, maintenance, repairs, fees and taxes, the research showed that some hybrids such as the Lincoln MKZ can produce savings of as much as $7,000 over its gas equivalent.
Check out the full list below and make sure to use the free RydeShopper to get the best deals on any of these vehicles.
| Hybrid Vehicle | Gas Alternative | Cost Savings Over 5-Years |
|---|---|---|
| Lincoln MKZ Hybrid | Lincoln MKZ | $7,001 |
| Mercedes Benz S400 | Mercedes Benz S550 | $4,242 |
| Lexus HS 250h | Lexus IS 250 | $3,747 |
| Toyota Prius V | Toyota Matrix | $1,804 |
| Toyota Prius c | Toyota Yaris | $1,469 |
| Ford Fusion Hybrid | Ford Fusion | $1,202 |
| Kia Optima Hybrid | Kia Optima | $779 |
| Porsche Cayenne S Hybrid | Porsche Cayenne | $672 |
| Honda Insight | Honda Civic | $656 |
| Hyundai Sonata Hybrid | Hyundai Sonata | $319 |
| Lexus RX 450h | Lexus RX 350 | $17 |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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