Skip to main content

All About Hybrid Vehicles

What’s a Hybrid?

If you are in the market for a new vehicle, you may be wondering if investing in a hybrid is worthwhile. As with any big purchase, there are always pros and cons to weigh before making a final decision.

Hybrid vehicles utilize two different engine types together to power the vehicle. They have a standard gasoline engine in combination with an electric motor that is powered by a rechargeable battery. By doing this, the hybrid is an eco-friendlier option with better gas mileage than your standard vehicle. Hybrid models differ from an electric car as they are still primarily gasoline-powered whereas electric vehicles are solely reliant on electric charge to power the vehicle.

Pros and Cons of Owning a Hybrid

  • Hybrid vehicles run cleaner/have lower emissions.
  • Better gas mileage
  • Maximize savings by driving more in cities with stop and go traffic.
  • Higher resale value – you can recoup a higher percentage of your original investment if you trade in or sell later.
  • Higher price tag
  • Higher maintenance costs
  • Slower acceleration compared to conventional vehicles.

You can do more research on your own to build on this short pros and cons list. You can also compare different makes and models to help you decide.

Bridge offers competitive rates on auto loans and up to 90 days of no payments when you are ready to buy! Click here to learn more.