Don’t Feed the Alligators

A Personal Finance Blog from a Small-Scale Landlord’s Perspective
07.14.2009

A week or so ago I got an offer in my email inbox from the credit union where we have our car loan.  I glanced at it briefly — I wasn’t terribly interested in it since we’re only a few months away from paying off our current car loan, and we don’t have any plans to take out a new loan anytime soon.

However, before I clicked “delete” I noticed something interesting: Hybrid Vehicle loans enjoy a 0.25% lower interest rate than regular new or used cars.

It got me to thinking about why this could possibly be.  Are hybrid car owners actually a statistically lower credit risk?  Is the bank just trying to promote a “green friendly” image so that it can attract that demographic?

I don’t know what the answer is, and I’m sure that I’m not going to find out for sure any time soon, but I’m sure that this isn’t the last time that I will see Green based products get special incentives of some kind just for being green, even if it doesn’t actually make sense — like hybrid cars being allowed in the High Occupancy Vehicle lane with less than the minimum number of passengers.

If you liked this article, you may be interested in seeing some related articles:


3 Responses to “Green Interest Rates”


  1. Michelle Says:

    Hey… where’d ya go?


  2. Health Medicine : Says:

    toyota and other car manfucaturers should step up the production of Hybrid Cars*::


  3. Ardath Reinwald Says:

    I do know i am somewhat off subject, however i simply needed to say i like the format of your blog. i am new to the blogegine platform, so any advice on getting my weblog trying nice would be appreciated.


Trackbacks