Gas Is Cheap- But So Are Green Cars

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Senior Automotive Editor

Christian Gulliksen was the Senior Automotive Editor for CarsDirect. He was formerly a senior editor with Robb Report magazine, and has contributed to publications like Worth, Variety, The Hollywood Reporter and MarketingProfs.com.

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, Senior Automotive Editor - August 30, 2016

Gas prices are down, and so are sales of green cars. Because of low demand and government incentives, though, that makes this an excellent time to get a great deal on a new hybrid or electric vehicle.

In fact, leasing a green car can be ridiculously cheap. Consider the plug-in 2016 Ford Fusion Energi, which has an MSRP that's $10,000 higher than an ordinary Fusion but identical lease terms: $199 for 36 months with $1,999 due at signing; if you prefer, you can have a plug-in 2016 Ford C-Max Energi for the same terms. Each has 88 miles of all-electric range, more than enough for many commuters to avoid gas stations altogether.

If most of your driving is errand-running around town, an all-electric can be one of the least expensive ways to get around. The most recent lease deal for the 2016 Chevrolet Spark EV was $139 for 36 months with $0 down—and, remember, this is for a car with a $25,995 MSRP.

There are even big deals on the standard 2016 Prius. Toyota is offering a whopping $2,000 rebate or 0% financing for up to 72 months. The lease deal is just $219 for 36 months with $1,999 due at signing.

There's a temptation to ignore fuel efficiency when gas is cheap, but there's no guarantee it will stay at the low prices we're currently paying. If you're a Californian who bought a car five years ago, for instance, a gallon of regular has ranged in price from less than $2 to more than $4 while you've been making payments. At a current average price of $2.68, a hybrid or EV may seem like economy overkill, but your fuel bill will still be less than with a conventional alternative, and you don't have to worry if political or economic events send gas prices soaring.

We update our monthly Green Car Deals buying guide each month—be sure to check it out for all the best incentives and offers.

Best Green Car Deals >>

, Senior Automotive Editor

Christian Gulliksen was the Senior Automotive Editor for CarsDirect. He was formerly a senior editor with Robb Report magazine, and has contributed to publications like Worth, Variety, The Hollywood Reporter and MarketingProfs.com.

Follow On: Google+ | Website

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