Hybrid vehicles have exploded in popularity in recent years as the technology has become more efficient and less expensive. The sales of new hybrid vehicles have opened a floodgate for used hybrids making their way into the used car market from lease turn-ins and trade-in vehicles. Buying a used hybrid can be a great alternative to purchasing a new one if you follow some guidelines.
Check for Signs of Body Work
Hybrid technology is very sensitive to damage and a hybrid vehicle that has been wrecked often presents potential problems that a traditional gas-powered vehicle would not. Battery packs and hybrid management software are especially sensitive parts of the vehicle that may be adversely affected during an accident. If the hybrid you are looking at shows any signs of body work (mismatched paint or missing parts) then you should take extra steps to insure the hybrid components were not damaged or you should avoid the vehicle altogether.
Opt for a Dealer Inspection
Be sure to have an expert inspect the mechanical condition of the used hybrid. Most independent mechanics are not well-educated in hybrid technology and may not be qualified to properly inspect a hybrid vehicle. Bring the vehicle to the service department of the corresponding brand dealer. If you are buying the used hybrid from a dealer of the brand, take the vehicle to a different dealer of the same brand.
Verify Extended Warranty Coverage
If you are thinking about purchasing an extended warranty or service contract for your used hybrid, carefully read the fine print within the warranty contract. Some dealers have been known to sell consumers extended warranties for their used hybrids that did not actually cover any of the hybrid components. The warranties will often be assigned to the vehicle as if it is a traditional gas powered vehicle, and coverage will only apply to internal gas engine components.
Compare Used Prices with New Prices
Regardless of the brand, hybrid vehicles have excellent resale value, making owners who purchased them new very happy and sometimes making used hybrid buyers very disappointed. When shopping for a used hybrid, you should always closely compare the pricing with that of a similarly-equipped new one. Sometimes you will find that the reduced warranty coverage and accrued mileage are not worth minimal savings. As a general rule, if the vehicle is 2 to 3 years old and only costs a few thousand dollars less than it does new, you may be making a more financially sound decision by purchasing a new one.
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