What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
Do hybrids lose more money than petrol cars?
Would an eight year old hybrid depreciate quicker than an equivalent petrol only car? And would it be worth keeping a hybrid car close to the end of it's eight year battery warranty?
Asked on 8 January 2024 by phil melrose
Answered by
David Ross
Depreciation is caused by a wide number of factors, so although hybrids have the potential to depreciate at a greater rate when they are towards the end of their battery life or guarantee period this does not necessarily mean it will be worse than a petrol car. An eight-year-old car has already been through the most significant period of depreciation, so it is less of an issue at this age.
On the matter of keeping or selling an eight-year-old hybrid, mileage and condition are still crucial factors. If well maintained there is no reason why a hybrid cannot continue to perform for many more years.
On the matter of keeping or selling an eight-year-old hybrid, mileage and condition are still crucial factors. If well maintained there is no reason why a hybrid cannot continue to perform for many more years.
Similar questions
Toyota's warranty for EVs is when it gets below 70% range it will be replaced under warranty.
But that does not include hybrids or plugins. Do you know what percentage they have to get down to...
I recently read, to my surprise, the batteries on self-charging hybrids only last about five years. Then the owner has a big bill to replace the battery, that cost thereby negating any bonus they had been...
What is the expected life span of current batteries used in hybrid cars? And what is the cost of a replacement?