Hybrid or Electric: Your Next Used Car Bargain

Due to high gasoline prices, many people are out to find alternatives to gasoline-based fuel options. When browsing Lexington car lots for cars with alternative fuel systems, keep in mind that two of these options are hybrid and electric.

With used vehicles being such a popular choice for buyers today, both hybrid and electric vehicles are available to you at a range of prices. The market today is actually featuring electric and hybrid cars at prices that are just a fraction of their new price tag!

So, which should you choose for your next used car bargain?

Electric Cars Offer the Best Deal

Many used electric cars are fairly new and have low miles, but yet are being offered at bargain prices, well below what their supposed resale value should be.

If you’re shopping for a used electric car, the more luxurious makes might not be within your budget, but you’ve certainly got options when it comes to other brands that make great electric cars and are on the market now for great prices.

If you’re looking for performance, the all-new Chevrolet Corvette E-Ray, on sale in 2024, will be powered by an e-AWD system that works in tandem with its LT2 V8 engine. The E-Ray will have the fasted 0-60 time ever for its legendary nameplate. To learn more, check out our blog post about the all-new hybrid Corvette here.

If you want a lower price, look to used EVs, such as a used Chevy Bolt. They can offer up to 200 miles of range, at a cost much lower than other leading EV brands. You can see our current inventory of used Chevy Bolts here.

Hybrid Cars Give You Flexibility

When it comes to electric cars, there are some restrictions. Some have a low range, and sometimes it’s hard to find charging stations. When you’ve got a gas or diesel-powered car, your options are pretty much limitless when it comes to where to refuel, giving you tons of flexibility while you are traveling.

When you’re driving a car that’s pure electric, you’re limited on the number of miles you can drive before you need a charge. This can be cumbersome for drivers who like to take trips or have long commutes. Drivers who need to travel frequently may not find a friend in the world of electric cars, as being close to a place where you can charge your battery is an obstacle while on the road.

While electric cars get some crazy good fuel mileage and are available for great prices used, these cars are probably ideal for city-dwellers or for those who don’t need to travel very far for work. The electric car can be great if your commute is predictable or you’re taking a well-scheduled trip.

For those for whom the electric car is not ideal, there are the hybrid models. Hybrid vehicles are still selling for great prices and give you a lot of flexibility when it comes to fuel options. Hybrids may be ideal cars for those who are still passionate about decreasing their reliance on fuel, but who also recognize the impracticality of driving a fully electric car. Those who need to travel for work or with family or have long and unpredictable commutes would probably fair better with a hybrid model for their next used car.

The other great flexibility factor when it comes to hybrid models is that many more car companies make them. While not every automotive manufacturer has made the push towards fully electric vehicles yet, many of them at least have hybrid models. Automakers today recognize the importance of saving money on fuel and the demand for other options besides gas-powered engines. What this means for you is that you’ve got a pretty good roundup of cars to choose from when it comes to your next used hybrid.

What Are Two Drawbacks of a Hybrid Vehicle?

Although there are many benefits to driving a hybrid vehicle, there are a few drawbacks. These include:

1. Higher Maintenance Cost: A hybrid vehicle uses special parts and added technology, so maintaining one can be expensive. To avoid expensive maintenance costs, look for a hybrid vehicle that has a manufacturer’s warranty and follow the recommended maintenance schedule.
2. Higher Insurance Cost: Hybrid vehicles have more advanced technology than other vehicles, and are usually driven in urban areas, both of which add to a higher insurance price tag. But you’ll save lots of money on gas, so that makes up for the money lost on insurance.

Although there are some drawbacks to driving a hybrid vehicle, you can still use strategies to avoid them. Plus, the benefits such as the lower impact on the environment, higher fuel efficiency, and more technology make up for these cons.

Either One Is a Bargain!

When you’re shopping for used hybrid or electric vehicles, the fact is that either one you purchase is likely to be a bargain! This is great news for those looking to upgrade to a more modern car with great fuel economy at a fraction of the price tag for when these cars were new.

Your only challenge will be to determine how well the cars measure up to what you’ll be needing them for. If you live in a city and have a set number of miles every day or don’t have far to go for work, then an all-electric model could be a fantastic bargain for you and give you everything you’re looking for. The hybrid might be a better option for those who require a little more flexibility with their job, family, or traveling.

Regardless of which vehicle you choose, it’s likely you will get a great deal in the used market of hybrid or electric cars. The fact is: these cars are out there right now for amazing deals, and this is the perfect time to buy. Consider your next used vehicle as a hybrid or an electric model—with unsurpassed fuel economy, new models with low miles, and great prices, you’ve got nothing to lose. Many of these cars are still covered under warranty, so what are you waiting for? Choose a hybrid or electric model for your next used car bargain today!

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