Seeing how they’re the talk of the auto market, many car buyers are choosing hybrid cars over the ones powered by gasoline. So, should you also be buying one? Well, to make an informed choice, you need to consider both sides of the coin.
Below, we look at some of the advantages and disadvantages of a hybrid car.
Pros of a hybrid car
One of the obvious benefits of hybrid cars is that they have better gas mileage than gasoline-powered vehicles. This is because their twin-powered engine cuts down fuel consumption considerably. Moreover, since hybrid cars require lesser fuel to run, they lead to fewer emissions and reduced dependence upon fossil fuel.
• Better fuel economy
Due to the dual power nature of hybrid cars, their internal combustion engines are generally small, lightweight, and highly efficient. With sufficient support from the electric motor, they increase the fuel efficiency of the vehicle.
• No compromise on performance
Better fuel economy does not come at the cost of vehicle performance. Even used hybrid cars are just as good in terms of their performance as any standard gasoline-powered vehicle.
• Automatic start and stop
Another great feature of a hybrid car is that the engine is automatically turned off when the vehicle is sitting idle and starts once the accelerator is pressed.
• Higher resale value
The increasing price of gasoline has made dual-powered hybrid cars highly attractive in the sight of car buyers. As a result, they command a higher resale value. Also, you can readily avail of a used car loanto purchase one.
Sure, hybrid cars can be expensive given the complexity of a twin-powered engine. However, such expenses are usually offset by incentives such as lower annual tax bills and congestion charges exemptions.
•Regenerative braking system benefits
What is a hybrid car’s biggest advantage, you ask? Well, it’s the braking system, which recharges the battery a little every time the brake is applied, further leading to energy conservation.
Additional Read: Millennial Making a Beeline for Used Cars to Fuel Their Passion
Cons of a hybrid car
• Less power
Hybrid cars feature a smaller internal combustion engine, and the electric motor is usually low-powered compared to a gasoline-only engine. As a result, they are suitable for city driving and not for speed and acceleration.
• Higher maintenance costs
Both the dual engine and the continuously evolving technology make it challenging to repair and replace parts of a hybrid car while significantly increasing the maintenance costs.
• High voltage dangers
Accidents heighten the risk of getting electrocuted owing to the high voltage present inside the battery. Even rescuers may find it challenging to rescue the driver and passengers.
Additional Read: Expert Advice on Pros and Cons of Buying New vs. Used cars
Making your decision
The pros clearly outweigh the cons. However, if you find hybrid vehicles to be on the pricier side, don’t be disheartened! You can still find a fair deal for a second-handhybrid car. And as far as the funding is concerned, a loan from Tata Capital can help your purchase.
We offer relaxed used car loan eligibility criteria, a loan amount of up to Rs. 50 lakhs, and flexi EMI options for a smooth repayment experience. Plus, our used car loan interest rates start at just 15%!