3 days ago
I'm a Car Expert: 6 Hybrid Cars Perfect for Frugal People
When it comes to picking a new hybrid vehicle, shoppers are spoiled for choice. At last count, there were over 50 types of hybrid cars available to U.S. consumers, according to the Environmental Protection Agency (EPA). If you are looking to save a lot of money with a fuel-efficient car, it may be time to get behind the wheel of options recommended by experts.
Read Next:
Learn More:
As Zoriy Birenboym, founder and CEO of the online auto dealership noted, 'Manufacturers are offering aggressive incentives, and hybrid technology is more efficient than ever, making leasing or financing a hybrid a smart financial decision.'
With over a decade in the automotive industry, he has a unique vantage point on which hybrid car brands offer the best deals outside of the standard recommendation of a Toyota Prius or Toyota Camry. These are his recommendations for the best hybrid cars for frugal shoppers.
Jeep Wrangler 4xe
MSRP: $52,690 to $72,340
Birenboym is a big fan of the Jeep Wrangler 4xe, a hybrid SUV that combines the renowned off-road capability of the Wrangler with plug-in hybrid efficiency. The model is also a steal, he added, and saving money and time on any car costs never hurts.
'Right now, Jeep has some of the best incentives available, especially for loyal customers or those switching from competitor brands,' said Birenboym.
With generous manufacturer incentives and potential state rebates stacking up to significant savings, leasing a Wrangler 4xe can be an outstanding deal, with recent promotions bringing lease payments down to the $300 to $400 range.
Mazda CX-90 Plug-In Hybrid
MSRP: $51,475 to $59,480
A spacious SUV with third-row seating and excellent fuel efficiency, Birenboym said the Mazda CX-90 Plug-in Hybrid is an excellent option for families looking to bring down their carbon footprint as well as save time and money.
'Mazda has built a solid reputation for reliability, and the CX-90 comes with an amazing promotion right now,' he noted.
Mazda has been pushing attractive lease offers on this model, making it an excellent choice for families who need a reliable ride at an affordable price.
For You:
Toyota RAV4 Hybrid
MSRP: $34,050 to $49,885
Toyota has long been known for its reliable hybrid technology, and Birenboym said the Toyota RAV4 Hybrid continues to hold its value exceptionally well.
'Toyota hybrids are a no-brainer if you're looking for long-term value and reliability,' he added.
With strong fuel economy, a practical design and a history of dependability, this SUV is a solid pick for budget-conscious buyers. Birenboym pointed out that the RAV4 Hybrid has excellent resale value, making it a good investment — even for those planning on keeping their car for a long time.
Lexus RX Hybrid
MSRP: $52,775 to $72,610
Luxury hybrids don't always come with big discounts, but the Lexus RX Hybrid offers a solid balance of efficiency and premium features while still being relatively affordable.
'Lexus hybrids hold their value incredibly well, and with proper maintenance, they can easily surpass 200,000 miles,' Birenboym explained.
While not as aggressively priced as some non-luxury brands, the RX Hybrid benefits from Lexus' reputation for longevity and low maintenance costs, making it a high-end hybrid with long-term value.
Mitsubishi Outlander Plug-In Hybrid
MSRP: $42,145 to $53,355
For budget-conscious drivers needing a plug-in hybrid with all-wheel drive, the Mitsubishi Outlander PHEV is a reliable yet affordable option.
'This is one of the most budget-friendly hybrids out there with great features, especially for those looking for all-weather capability,' Birenboym stated.
Volvo XC90 Plug-In Hybrid
MSRP: $73,195 to $81,995
'Volvo hybrids have seen a surge in popularity, and the XC90 is one of the best picks for those who want a blend of luxury and efficiency,' said Birenboym.
With premium comfort, strong hybrid efficiency and excellent safety features, it's a solid investment if you can still find one.
Caitlyn Moorhead contributed to the reporting for this article.
More From GOBankingRates
5 Old Navy Items Retirees Need To Buy Ahead of Fall
9 Downsizing Tips for the Middle Class To Save on Monthly Expenses
This article originally appeared on I'm a Car Expert: 6 Hybrid Cars Perfect for Frugal People
