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Best time to buy a hybrid car: Right now (CNNMoney.com)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-07 12:52 AM
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Best time to buy a hybrid car: Right now (CNNMoney.com)
Prices are dropping and most still have tax incentives. But it may end by summer, Edmunds.com says.
By Peter Valdes-Dapena, CNNMoney.com staff writer
March 16 2007: 12:53 PM EDT

NEW YORK (CNNMoney.com) -- If you're thinking of buying a hybrid car, this would be a good time to act on that impulse, according to a pricing and cost analysis by the automotive Web site Edmunds.com.

To cover the expense of the complex systems, auto makers tacked big price premiums onto the hybrid versions of their cars, and those premiums usually outweighed the savings in gas costs.

"In the past, our research showed that the 'True Cost to Own' a hybrid vehicle was exorbitant," said Alex Rosten, Manager of Pricing and Market Analysis for Edmunds.com.

Consumer Reports: 2007 Best Cars

Now, however, federal tax incentives can cover much of the cost difference. And the supply of hybrid vehicles is beginning to exceed demand, resulting in bigger negotiated dealer discounts and cash incentives from manufacturers.
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more: http://money.cnn.com/2007/03/14/autos/buy_hybrid_now/index.htm?cnn=yes
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