If you're in the market for a new vehicle but are hesitant about going fully electric, a hybrid car may be up your alley.
Many hybrid models are just as reliable as traditional gas-powered cars. And thanks to high MPGs, they can offer lower operating costs, which is a smart money move for car owners. But which ones are worth your hard-earned cash?
ISeeCars analyzed over 3.8 million new vehicles according to price and lifespan. These seven hybrids offer the best value and reliability, making them worthwhile investments for consumers.
- 18-29
- 30-39
- 40-49
- 50-59
- 60-69
- 70-79
- 80+
Ford Escape Hybrid
Average price: $38,116
The iSeeCars study looked at the average listing price of each vehicle and compared it to its average lifespan. They divided the average listing price by the expected lifespan to calculate a price per year, then ranked cars from lowest cost per year to highest.
Following this methodology, the Ford Escape Hybrid was 7th on the list with an expected lifespan of eight years and an average listing price of $4,791 per year.
Lexus RX 500h
Average price: $72,155
The Lexus RX 500h ranks 6th on the list. Despite having an impressive expected lifespan of 15.7 years, the overall listing price results in an average annual price of $4,583. It just goes to show that the sticker price shouldn't be the only consideration you make when choosing a new vehicle.
Hyundai Sonata Hybrid
Average price: $36,202
5th on the list was the Hyundai Sonata Hybrid with an expected lifespan of 9.1 years, resulting in an average cost of $3,984 per year. It should be noted that Hyundai does offer a 10-year/100,000-mile powertrain warranty, making the Sonata Hybrid a solid choice.
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Lexus RX 350h
Average price: $60,857
Coming in at the 4th slot was another Lexus model, the RX 350h. Similar to the RX 500h, the RX 350h has an expected lifespan of 15.7 years. What ranks this model higher on the list is a lower average listing price, driving the cost per year down to $3,856. Besides the price, the Lexus RX 500h is more performance-oriented, while the RX 350h is more efficiency-oriented.
Toyota Highlander Hybrid
Average price: $52,565
It might come as no surprise that Toyota models claimed the top three spots on the list. Coming in at number three is the Toyota Highlander Hybrid with an impressive 13.9-year expected lifespan and $3,773 average annual cost. This SUV can seat up to seven people, making it a solid choice for those seeking a spacious and reliable vehicle.
Toyota Camry Hybrid
Average price: $35,471
Claiming the number two spot is the Toyota Camry Hybrid with an expected lifespan of 13.2 years and an annual cost of just $2,683. Plus, with up to an estimated 51 combined MPG, you can save money with less frequent trips to the pump.
Toyota Prius
Average price: $34,333
The top spot on the list goes to the Toyota Prius. With an estimated lifespan of 13 years, its modest listing price brings the total annual cost to $2,649. With a modern makeover compared to earlier models, this notably reliable car offers the best bang for your buck.
Bottom line
ISeeCars cites that the average lifespan of a new hybrid vehicle is 13.2 years, and vehicles with hybrid powertrains are on par with gas-powered vehicles when it comes to reliability.
Financially savvy car shoppers should also be aware that new hybrids cost an average of $38,775, which comes out to about $2,928 per year.
In comparison, the average mid-sized passenger car will cost $35,514 while only having a 10.5-year lifespan. That makes its average cost per year $3,391, which is around $400 more expensive than the average hybrid.
Consumers looking to hold onto more of their money should also consider how different auto insurance companies could adjust their rates based on vehicle reliability, which could save them money on car insurance.
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