How to Save Money on Gas - Buy a different Car or…Does a Hybrid Car Save You Money on Gas?

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How to Save Money On Gas- Buy a different car or Does Hybrid car Save you Money On Gas?

1. Save money on gas by buying a diesel. Diesel cars can often get better mileage than comparable hybrids. Getting a diesel car also allows you to save money on gas because you can use bio-diesel or even waste vegetable oil (WVO/SVO) fuel in the vehicle.
2. Buy a hybrid. Not only do hybrids help you save gas money, the U.S. government and your local state offer tax breaks for those who are going to use gas saving cars. Federal deductions for using gas-saving cars can be as high as $2,000, but check before buying to see if they’re still in effect. Keep in mind that a Hybrid is more expensive than a regular car, so you need to compare the purchase price to the actual gas savings by switching. In some cases, it may not make sense.
3. Buy a smaller car. Generally speaking, smaller cars are lighter and get better gas mileage. You can get a good deal buying a low mileage used car. This can really help you save money on gas.
4. Buy a motorcycle or scooter instead of a car. They are cheaper and often get 70 MPG or better. Riding gear is available for most weather conditions. A good example is the Kawasaki EX250, which costs about $3,000, gets 60-70 MPG at highway speeds, and can go 0-60 MPH in under 6 seconds! When looking into the motocylce or scooter, however check insurance rates, as you need to compare the entire cost of the alternative.
5. Negotiate a deal for gas included with purchase. Many car companies are seeing sales slump as the economy is lagging. One thing companies are offering as an incentive it gas with the purchase. Some are also guaranteeing a gas price for a limited time. Take advantage. And, many car companies are offering low or no interetst rates so you can save money on gas indirectly by lowering your payments on a newer car.

Hope this helped you learn a little bit more about how to save money on gas.

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One Comment

  1. Good analysis. When people drive out of their way to save a few cents on gas, it shows that they don’t give a care about the environment, just their pocketbooks.

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