Hybrid And EVs On The Cheap Thanks To Low Gas Prices

As contradictory as it may seem, the low fuel prices we are seeing are your best friend if you want to buy a hybrid or EV these days.

Ford’s Focus Electric hatchback, which sells at an average of 16 percent off MSRP, tops January’s list of best savings on new vehicles, according to TrueCar, Inc.

TrueCar explained its “TrueSavings” monthly report analyzes current transaction prices and identifies opportunities for consumer savings.

“Fuel savings are not top of mind to many consumers right now, and that makes this a great time to buy a hybrid or electric vehicle,” said John Krafcik, president of TrueCar. “With gasoline prices now averaging just $2.10 per gallon, and vehicle preferences tied so closely to short-term gasoline prices, automakers are heavily discounting their most fuel-efficient cars to clear inventories.”

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Toyota’s Prius, the world’s best-selling alternative fuel vehicle for more than a decade, also makes TrueCar’s January list of best savings. Customers who purchase a Prius Two model this month can save 10 percent off the hybrid car’s $25,025 MSRP.

“Gasoline prices and vehicle type preferences are strongly related, and this relationship is cyclical in nature,” said Krafcik. “Fuel is relatively inexpensive right now, but when the pendulum swings the other way it will make future alternative fuel vehicles more appealing.”

Below is a snapshot of some of the best savings (compared to MSRP) on new vehicles in January 2015, as compiled by TrueCar:

 

*Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. These examples are for informational purposes only, and are not offers to lend. See dealer/lender for details, including actual available offers. “Market Average” is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees or any other charges or fees allowed by law.

*Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. These examples are for informational purposes only, and are not offers to lend. See dealer/lender for details, including actual available offers.
“Market Average” is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees or any other charges or fees allowed by law.

 

Below is a snapshot of some of the best manufacturer lease and finance deals currently available in certain regions, as compiled by TrueCar (not necessarily hybrids or EV):

Lease:

2015 Acura TLX: $299/month for 39 months with $2,599 down, 10,000 miles/year, Exp: 3/2/15

2015 Honda CR-V: $239/month for 39 months, $2,199 down, 12,000 miles/year, Exp: 3/2/15

2015 Lincoln MKZ Hybrid: $315/month for 36 months, $3,875 down, 31,500 miles, Exp: 3/31/15

2015 Nissan Altima: $189/month for 36 months, $1,999 down, 12,000 miles/year, Exp: 2/2/15

2015 Volkswagen Tiguan: $199/month for 36 months, $2,999 down, 36,000 miles, Exp: 2/2/15

Finance:

2014 Chevrolet Silverado 1500: 0.0% financing for 60 months, Exp: 2/2/15

2015 Ford Explorer: 0.0% financing for 60 months, Exp: 2/2/15

2015 Mercedes Benz ML350: 2.99% financing for 24-72 months, Exp: 2/2/15

2014 Nissan Sentra: 0.0% financing for 72 months, Exp: 2/2/15

2015 Toyota Corolla: 0.0% financing for 48 months, Exp: 2/2/15

Customer Cash Offers:

2015 Chevrolet Malibu LT: $3,000 customer cash, Exp: 2/2/15

2014 Chrysler 300 RWD: $4,250 customer cash, Exp: 2/2/15

2015 Dodge Journey: $2,250 customer cash, Exp: 2/2/15

2014 Hyundai Genesis: $3,500 customer cash, Exp: 2/2/15

2014 Mazda CX-9: $4,000 customer cash, Exp: 3/2/15