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Green Tip: When You're Ready to Drive Greener

Green Tip Green Tip: When You're Ready to Drive Greener

Ready to make the switch from your gas guzzler?

Are you interested in making the switch to a green vehicle this year? Just like many of our members, Global is committed to environmental sustainability by offering financing for hybrid, electric, alternative fuel or high fuel economy rated vehicle. With so many options for green vehicles available, Global has a loan to fit every make and model that fits your lifestyle.

Before you take another step, learn more about making the switch to a green vehicle.

Why buy an electric car?
Driving an electric vehicle means you can contribute to environmental sustainability since green vehicles release fewer harmful carbon dioxide emissions. According to the US Environmental Protection Agency (EPA), greenhouse gas emissions from transportation layer account for about 28% of US total greenhouse gas emissions. In addition, electric vehicles can be recharged using renewable energy, which can help the United States increase energy independence.

Are there financial benefits to driving a green vehicle?
There are possible federal and state tax credits or incentives for green vehicle purchases. For more information, check out the U.S. Department of Energy Alternative Fuels Data Center layer. Be sure to consult with your tax advisor for your actual tax benefits, as Global Credit Union cannot provide legal, accounting or tax advice.

The costs of owning a green vehicle are typically less than a gasoline guzzling vehicle. Why? When compared to fuel costs, often it costs less to charge your electric vehicle. Other savings are often found on maintenance costs, since green vehicles typically need less maintenance. Check out the Electric Cost Drive Calculator layer at energy.gov to compare alternatives to fuel costs.

Is this the right time to buy electric?
Green vehicles have become more affordable as technology improves. There are also more of them on the market as the automobile industry works to meet the increased demand. In addition, the number of charging stations is growing every year to provide more options for travel needs. In fact, Global has a charging station at our HQ location.

What else should you know before you begin to shop?
When shopping for any vehicle, first examine your needs. What type of commute do you have? How much do you want to spend? Do you want a new or used car? If you have a strict budget, consider a used vehicle instead of a new one.

Finally, be sure to get preapproved before you begin shopping. Simplify the process with a vehicle loan pre-approval from Global. With an auto loan pre-approval, you could negotiate a better sales price with the dealer.

Find more info here: Alternative Fuels Data Center

Apply for a car loan here: Global Credit Union

 

 
Written By
Global Credit Union
Member Financial Education and Engagement


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