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Hybrids Are Okay BUT…

With the skyrocketing of gas prices, are hybrids really the smartest way to go?

Well, not exactly – if CNN Money‘s Peter Valdes Dapena is to be believed.

According to Dapena hybrids may save you gas, but save you money they won’t. To prove his point he cites a simple calculation from their partner Edmunds.com as follows:

A hybrid Honda Accord costs about $3,800 more than the comparable non-hybrid version, including purchase, maintenance and insurance costs. Over five years, assuming 15,000 miles of driving per year, you’ll make up that cost in gasoline money if the price of gas goes up immediately to $9.20 a gallon and averages that for the whole period.

He also goes on to say that while there is a tax deduction of $2,000 available for purchasing a hybrid vehicle, it only translates to a one-time tax savings of less than $500 for most buyers, and that’s not enough to make much of a difference in the long run.

But he cheers everybody up anyway with some suggestions to save gas without spending any extra money:

1.Drive more gently. Since there is no existing award known to mankind for beating everyone away from the green light, people might as well go easy on the gas and brake pedals and garner gas mileage improvements of about thirty percent.

2.Check out diesels. When purchasing a a car, consider buying diesel. The more durable diesel powered cars cost only a little more than gasoline-powered cars, but they do get better fuel mileage and have better resale value. That alone should be enough to make up any additional cost of the vehicle, leaving the gas-money savings in your pocket. Also, diesels will qualify for tax credits under the new tax rules. Again, diesel buyers might want to wait until next year to buy.

3.Shop smarter. When purchasing a car, look more closely at the actual fuel economy numbers and consider what you’re willing to give up. The promise of hybrids, according to Dapena, is better fuel economy with the same, or more, engine power. But, for that, you pay more for the complex technology and, to date, long-term resale value is unknown. He goes on to suggest that instead, you could opt for a less engine powered vehicle or one that is smaller and lighter. That way, he says, you get better fuel economy while paying even less money for the vehicle itself.

Bootomline? Apart from the fact that Dapena may not be very fond of hybrids, the key is knowing what you really need and want in a vehicle. And as to putting off getting a hybrid or diesel powered vehicle for next year – that actually might be a good idea. Afterall, the best way to combat the rising oil and gas prices is taking proper care of whatever vehicle you have right now. Which means doing the regular tune ups, checking constantly for damaged or worn auto parts, and replacing auto parts that need replacing before it gets worse (and more expensive).

Affordable and quality auto parts are conveniently within reach at reliable online auto parts stores like Auto Parts Corner. Without so much as lifting a finger (to click your PC’s mouse), you can access premium quality auto parts for car makes such as BMW parts, Jeep parts, Nissan parts, Ford parts, Honda parts, Volvo parts, and more. What could be more energy efficient than that?
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