If you have been thinking about buying a hybrid car in UK, you may have already visited a car dealership and compared the sticker price of a hybrid against a standard vehicle. The fact is that a hybrid version may cost you a significantly larger amount of money up-front than you would pay for a standard vehicle. There is, however, a perception that this higher initial investment into the purchase of a hybrid vehicle will be paid off through savings in petrol. Before you make your buying decision, you should do more research to determine if a UK hybrid car is really the most affordable option.
One of the areas that a UK hybrid will save you money is on the Vehicle Excise Tax, otherwise known as the car tax. Your car tax rate is considerably lower with a hybrid because these vehicles have a lower emissions rating. Because the car tax is an annual tax, this is savings that you can enjoy each year.
Because of hybrid technology, you will find that you have to fill up your gas tank far less frequently with a hybrid than with a standard vehicle. The actual savings, however, will vary based on your driving habits, the fuel economy of the car and other factors. Keep in mind that the cost of petrol continues to rise, and this adds greater value to a hybrid over time.
Repairs and Replacements
One of the most significant differences associated with hybrid ownership pertain to the battery in the car. Owners of older models have complained about the short life span of the battery and the high price tag associated with a new battery. Before you make a hybrid purchase, review the cost of a replacement battery for your make and model and the life span of the battery.
There may be additional benefits associated with owning a hybrid. With some insurance policies, a discount is offered on hybrid vehicles. Because your insurance premium is a regular cost associated with vehicle ownership, this is an additional area of savings to consider.
Many people want to find an easy answer to the question of whether buying a hybrid vehicle will save them money. Hybrid car insurance can usually be cheaper than normal car insurance, however, there are many factors to analyse, and some of these factors are unique to the specific driver and vehicle. If you are considering purchasing a hybrid car in the UK, perform your own cost analysis to determine if this is the best decision for you. You should analyse both the purchase price and annual cost of ownership for a hybrid and compare that against the costs of ownership for a standard vehicle of the same or similar make and model. Consider how long you will need to drive the hybrid to recoup the additional up-front investment.