Are you ready for a new vehicle and considering a BMW hybrid? There may be even more perks than you think for buying a hybrid vehicle from BMW of Silver Spring.
Reduced Carbon Footprint
Naturally, buyers often consider a hybrid vehicle to help lower their carbon footprint. A hybrid vehicle has less tailpipe emissions than a gasoline-powered vehicle due to utilizing a smaller gasoline engine and not using it all the time. This helps reduce pollution which, in turn, helps protect the ozone layer.
Less Fuel Costs
Hybrid vehicles boast the most impressive fuel efficiencies of all vehicles. Plus, you can also opt to simply utilize electric power, which can cut your total fuel costs, helping to save you money on each trip. Hybrid vehicles also have fewer moving parts than a gasoline-powered vehicle, which typically helps you save on maintenance costs too.
Tax Incentives
There are a variety of tax incentives for driving an electric or hybrid vehicle in the state of Maryland. Plus, as an additional incentive, drivers of hybrid vehicles can qualify to access the High Occupancy Vehicle (HOV) lane, regardless of their number of passengers.
- Federal income tax credit of up to $7,500 (with a qualifying purchase)
- Maryland excise tax credit of up to $3,000
- Various rebates available for charging equipment and installation
Better Resale Value
Fewer hybrid vehicles are produced than gasoline-powered vehicles. Plus, they typically have better reliability ratings, which can encourage owners to hold on to them longer and shoppers to consider them first. This typically makes pre-owned vehicles harder to find, which helps them hold their value better than other vehicles.
Think a BMW hybrid vehicle is for you? Visit our BMW dealership in Silver Spring, MD to find the ideal fit for you.