Time to Buy a Hyrid Car

According to Kelly Blue Book, now is the best time to buy a hybrid, specifically a used hybrid. There are several reasons why used hybrids are a smart buy.

• First of all, hybrids retain their value. This is highly important in times of resale.

• Next, the high amount of miles per gallon of gas is a major factor.

• At the same time, technological improvements in gas-powered cars are giving hybrids a run for the money in the new car market—especially during the recession. This has caused dealerships to mark down used hybrids.

• In this period of low gas prices, spending less on a used hybrid—rather than a new one—means a quicker payback period.

• The payback period on a used hybrid is shorter than on a new one. For example, the Honda Civic Hybrid is reduced to five years, rather than 16 years supposedly required for a new purchase.

Now is the time when consumers should take advantage of the good deals on used hybrids. These deals allow buyers to protect themselves against future gas spikes.