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Saturday, November 15, 2008

Why Choosing A Eco-Friendly Car Can Save Money

By Chris Channing

Eco friendly vehicles are no doubt some of the most popular vehicles on the market. Whether they simple have astounding mile per gallon rates, or if they are hybrid vehicles, or if they are electric. Every year new eco-friendly vehicles are released, and the others become cheaper. The speed at which they are gaining popularity is only getting faster.

Simply enough, eco friendly cars are mainly popular because of all of the famous people that drive them. Even though more and more people are becoming eco-conscious, many do not know all of the facts; or even all of the benefits of owning one. Auto insurance companies are also catching on, and offering ridiculously amazing discounts for those that own a hybrid or otherwise eco-friendly vehicle.

Eco cars are also cheaper. Small ones cost as little as 10k, and used ones can be even cheaper. They also last longer, and are much more durable than you would think possible. They are most definitely cheaper than not so fuel efficient luxury cars, and safer than fast sports cars. These simple things make your hybrid much more favored over another type of vehicle.

On top of those great benefits, green cars, or environmentally friendly vehicles, may be a better investment in the long run. Since eco cars are much cheaper, your auto loan will also be much cheaper. Auto loans can range from a couple thousand dollars, to ten thousand and up. An auto loan for a nice eco friendly vehicle will likely cost you much less over the course of your loan repayment period.

Some people are also able to get a tax deduction or a tax cut if they own an environmentally friendly car. This allows them to put that money towards other things, like the auto loan they used to purchase it, or other things. Everything works in the buyers favor.

It is always advised that you shop around. Different auto insurance companies will offer different discounts, rates, and benefits for the eco-conscious driver. It wouldn't be a surprise if you were able to get auto insurance for practically nothing.

Closing Comments

Eco friendly cars can save you so much on your auto insurance as well as an auto loan when compared to other vehicle options available on the market, especially to SUV's and unsafe and uneconomical vehicles.

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