When it comes to Dodge hybrid cars and other eco-friendly models, Hall Chrysler Dodge Jeep® RAM of Virginia Beach is here to help you every step of the way. We’re sharing all the benefits of transitioning to eco-friendly driving, and what you need to know about hybrid vehicle ownership and sale.
Here’s a closer look at how hybrid models retain their value.
Your Hybrid Car: Depreciation at a Glance
Depreciation rate is the rate at which a vehicle loses value over time. You might be wondering if your hybrid vehicle has the same kind of depreciation as a traditional gas-powered vehicle. The short answer is, just about.
Hybrid vehicles do have some long-term needs that need to be taken into consideration, like a potential battery replacement. That’s why the resale value might be a little lower than its gasoline-powered companion, or why it might be a little more challenging to find the perfect buyer.
That said, the demand for hybrid vehicles consistently increases with the cost of gasoline. If you’re looking to sell or trade in your hybrid model for a good price, it’s best to time the sale around gasoline prices.
Other Ways to Save With a Hybrid
Hybrid vehicles will typically maintain their value as well as internal combustion engine vehicles, which means you can expect to see capital for the next great ride when you sell.
There are other financial benefits to purchasing a hybrid, as well. To start, you’ll see big savings on fuel costs. You’ll also have access to federal incentives and credits that can make more eco-friendly models available in your budget.
Test-Drive a Hybrid Vehicle Today
Are you looking to transition to green driving, or to sell your current hybrid vehicle for the next great ride? Hall Chrysler Dodge Jeep RAM of Virginia Beach can help. Schedule a test drive in an eco-friendly model at our dealership today.