What can a green used car offer to you?
Posted on Wednesday, June 13, 2012 at 4:33:13 PM
While gas prices may be relatively low in comparison to where they were this time last year, you may want to consider investing in a more fuel efficient vehicle. The average American commute costs $1,475 a year, reports Time Magazine. With a green used car, you could reduce travel expenses regardless of the price of gas.
"Green or fuel-efficient vehicles are a smart investment because of the lower cost of reduced fuel and insurance costs. However the price of the vehicle is higher and therefore if the consumer is not looking at a long term possession it may not be of consideration. Electric cars have an additional disadvantage due to limited battery life and you cannot travel as far," said Christine Dikdan, an auto loan expert.
"The benefits outweigh the drawbacks, but you have to be willing to compromise in initial cost to reach the long term goal of savings and making the planet a better place to live," Dikdan said.
According to the U.S. Energy Information Administration, the average price of regular gasoline was $3.572 per gallon on June 11, 2012. This is down .040 from the week before and down .141 from a year ago. By investing in a fuel-efficient vehicle, you can limit travel expenses and enjoy the benefits of investing in sustainable technology.