If you’re thinking about buying a new car, it might be worth considering an eco-friendly one. What does that mean? An eco-friendly car has one or more environmentally friendly qualities built into it, and many of these traits can save you money and reduce your impact on the environment over time.
Reduce Pollution
Emissions from cars can negatively impact your health and cause environmental damage. By buying an eco-friendly car, you reduce exposure to these harmful chemicals. These vehicles are also known for having greater fuel efficiency, which means that every gallon of gas you use has less of a negative impact on our environment. These days, there are many eco-friendly options available that won’t break your budget.
Lower Gas Prices
It doesn’t take a rocket scientist to see that gas prices are going up, and they aren’t likely to drop anytime soon. That means it is more important than ever to be conscious of how much gas your car uses. Purchasing an eco-friendly car will help you save at least $5,000 per year on gas costs (depending on where you live). But remember: These savings can decrease over time as fuel efficiency standards increase; in fact, newer cars today have lower fuel costs than those produced even five years ago.
Save Money On Insurance and Car Maintenance
Environmentally friendly vehicles usually require less maintenance than non-environmentally friendly vehicles. If you opt for a hybrid or electric vehicle, you may spend less on gas and won’t have to pay for oil changes as often. With proper care, your vehicle will be much more reliable and require fewer repairs.
You’ll also save money on insurance since your car is more likely to stay intact. Additionally, refinancing an auto loan with eco-friendly financing options can help lower monthly payments if you already own a car. According to Lantern by SoFi, “If you need to apply for several loans, do this in a short period because creditors may combine them into one hard check rather than counting each separately.”
Better Resale Value
Because there are fewer green cars in circulation and more consumers desiring them, many green models retain their value much better than standard gas cars. This means that if you want to get a loan for a new car down the road, you’ll have less of a burden in re-paying your loan. For example, a 2017 Chevrolet Bolt was worth over $7,000 more than a 2018 Nissan LEAF after one year. Over five years, it’s not uncommon for green cars to retain up to 30% of their value while gas models depreciate by 20%.
Reduce Climate Change
According to a study conducted by Carnegie Mellon University, if all passenger vehicles in Los Angeles County were hybrid cars, it would reduce greenhouse gas emissions by more than 15 million metric tons annually. That’s equal to removing 3.2 million cars from the road! Not only that, but going green with your ride also reduces dependency on fossil fuels and helps save money—two key benefits for everyone.
By purchasing an eco-friendly car, you are not only doing your part in helping save our planet’s environment. You are also saving money in a number of different ways.
Less Destructive Drilling
Eco-friendly vehicles decrease the need to drill for oil. Drilling or fracking has terrible implications for the environment, as I am sure you all know by now. Fracking has had a lot of mixed attention in the media in recent years, but the truth is it has been a contentious issue for many years. The less we rely on traditional fuels the better, imagine how beautiful our world would be if we did not have those horrific oil spills that kill so many animals every year.
Hybrid Heaven
Hybrids cost less to run, need fewer fuel stops and they are far more responsive to drive. The end result of many new hybrids on the market is an eco-friendly engine with the sportscar responsiveness. This is probably why there are sportscar manufacturers that have either taken the plunge already and evolved their design, or they have hinted at having plans to do so in the future.
Lower Emissions
As important as it is to protect our planet from the bigger threats of drilling and explosives, it is equally important to protect our atmosphere. High levels of carbon dioxide in the atmosphere leads to untold problems that have far-reaching and long-lasting consequences. Carbon dioxide is responsible for melting the polar icecaps and raising the sea levels. It is also to blame for the extreme weather patterns. Eco-friendly cars reduce the overall emissions produced by a great deal.
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