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Advantages Hybrid Power Vehicles

Government Incentives – Another great benefit of driving hybrid power vehicles is that there are a variety of great government incentives available for those who are driving these new hybrid vehicles. There are great tax credits that you can now use when purchasing a hybrid vehicle, but of course the amount of credit will depend on the value of your hybrid vehicle. Some other government incentives may include open HOV lanes and even free parking or discounted parking.

Great Warranties – One great benefit of purchasing hybrid power vehicles is that they come along with some excellent warranties, depending on which model you choose. You will find that the Honda insight has an eight year or 80,000 mile warranty on the powertrain of the vehicle and then a three year or 36,000 mile warranty on the rest of the vehicle. The Toyota Prius is quite close, with an eight year or 100,000 mile warranty on the powertrain and the rest of the car has a three year or 36,000 mile warranty. These warranties are valuable to owners and even the batteries can be replaced under these warranties.

Retention of Value – When you go with hybrid power vehicles, another great benefit you will enjoy is the retention of the value of the vehicle. As soon as you drive a new vehicle off the lot it is going to lose quite a bit in value, and as the years go by, the vehicle will be worth less and less. However, these new hybrid vehicles seem to keep their value much longer than traditional cars. Hybrid power vehicles retain about 75% of their value over the period of five years, where traditional vehicles only retain about 60% of their value of a fiver year time period.