7 reasons why it’s worth switching to a hybrid car

Being eco-friendly and keeping up with the latest trends of the time is an increasingly popular trend nowadays, especially among drivers. In 1994, when Toyota launched the first functional hybrid technology, people looked skeptically at eco-friendly vehicles. Today a hybrid car is a source of pride for any driver, able to offer a whole host of advantages but also the feeling that it contributes directly to stopping environmental pollution.

At Cipauto, one of Microinvest’s partners, drivers can choose cars to suit all their tastes, budgets, and needs, including hybrid models – which in the meantime have become one of the most popular choices. Because we know that a car is a long-term purchase and we all want to make the right choice, we decided to dedicate this article to hybrid cars. Or rather to the main reasons why modern drivers choose to drive hybrids.

Economical, modern and safe: the main ADVANTAGES of eco-friendly cars

The first thing we need to know about hybrid cars is the principle of their operation. They are based on an innovative system consisting of two motors – internal combustion engine and electric motor, and a high-capacity hybrid battery. The main reason for starting production of cars of this type was the high fuel price, but also responsibility for the environment. Over time, this system has evolved, and today, under the umbrella of the title of ecological car we can qualify 4 types:

Classic hybrid cars;
Plug-in hybrid cars;
Fully electric cars;
Range extender electric cars, briefly called-REXs;

Any driver who has been driving an eco-friendly car for some time will surely believe that by buying a regular vehicle in 2021 you are actually buying yourself a “problem” over time. Why? Firstly, because most of the world’s car manufacturers have set themselves the goal of producing only hybrid, plug-in, or electric cars by the year 2030. But also, because in a few years it will be increasingly difficult to sell a car with an internal combustion engine, which in the meantime will also leave its mark on the environment, due to excess CO2 emissions.

Discover 7 “good” reasons to buy a HIBRID in 2021

If we were to make a brief analysis of the cars that we see daily in Chisinau, no doubt every third model would be hybrid, especially among taxis. More and more people fully understand the economic, technical and consumer benefits of hybrid cars and this is a welcome development for our country and the world. If you’re also thinking it’s time to switch to a hybrid but still not convinced it’s the right choice for you, here are the main reasons why it’s worth getting one:

They are economical. Without a doubt, the first moment in choosing a car is fuel consumption. In this regard, hybrid cars are most “fortunate” thanks to the regenerative braking system, which provides much lower fuel consumption compared to conventional engine models.
They perfectly fit for both urban and country driving. What’s more, they can make good travel companions thanks to their long-range fuel efficiency, simplicity, and convenience in operation.
They’re ecological. We all know that the number one drawback of internal combustion engines is CO2 pollution. Hybrid cars significantly reduce pollution levels thanks to the combination of a combustion engine and an electric motor. They also do not produce noise or smell of fuel. And efficient consumption is on top of all this.
They have a low level of battery degradation (The Battery State of Health (SOH)). This coefficient indicates the state of the batteries of a hybrid or electric car. Thanks to the innovative system, the level of battery degradation in a hybrid car is around 15%, without having a major impact on the car’s operation over time. In addition, by observing the main operating conditions, we can extend battery life.
They are practical, easy to maintain and repair. Along with high fuel efficiency, they offer us autonomy similar to petrol or diesel cars, with no negative environmental impact or need for plug-in charging. Many drivers are still afraid that these cars are difficult to repair and maintain. But even here you can rest assured. In the case of a failure, it is not necessary to replace the whole battery, only the defective cell.
They are equipped with modern electronic sensors and innovative mechanisms. Today, drivers need not just fuel-efficient cars, but cars with all sorts of modern features included. A hybrid car can offer you a unique driving experience, safety, and convenience.
They are not afraid of frost or high temperatures. Hybrid cars are equipped with battery cooling and heating systems to keep them running whatever the weather outside.

One more thing, by opting for a hybrid car you become part of a new generation of people from the start, concerned about ecology and the state of the environment and always open to something new. We guarantee that after a hybrid you’ll never want to switch back to a regular car. Come to Cipauto to get acquainted with the models available in the car park, and if you find the right car, Microinvest is ready to help you with a car loan on favorable terms.

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1. Name and Contact Information of the Creditor
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3. Costs of the credit
Rates related to the credit
Annual Percentage Rate of Charge (APR) This is the total cost expressed as an annual percentage of the total amount of credit. The APR is there to help you compare different offers	%
In order to obtain the loan in accordance with the agreed terms and conditions, it is mandatory to conclude an insurance contract to guarantee the loan or a contract for another ancillary service.
Related costs
Any other costs deriving from the credit agreement	Fee for services rendered in relation to usage of credit, calculated and paid as follows: of the credit and paid by the Debtor on the date of granting the credit from own sources or is deducted by the Creditor from the amount of the credit The negotiation / prolongation of the credit can take place by mutual agreement of the parties, by signing an additional agreement, the Creditor being entitled to request an increase in the interest rate within the limits provided by the legislation in force. In case of negotiation / prolongation of the loan, the Borrower shall pay to the Creditor, at the date of the negotiation / prolongation a commission in the amount of 2% from the credit balance at the time of negotiation / prolongation.
Conditions under which the costs related to the credit agreement can be changed	The Sides can change the costs related to the credit by written agreement signed by both parties; For the non-constitution of the guarantees within the agreed term, the Creditor is entitled to calculate, and the Client will pay to the Creditor an Interest of delay in the amount of 5% annually, applied to of the daily balance for each day of delay, starting with the date following the term established for the constitution of the guarantee/ s and until the date of the proper execution of the respective obligation.
Obligation to pay for notarial fees / mortgage registration fees / fees for noting the prohibition of pledge in the Transport Register related to the pledge of means of transport (agricultural machinery)	Paid by the Client , except as otherwise provided in the pledge / mortgage agreement.
The cost for the valuation of real estate proposed in pledge	Paid by the Client directly to the Evaluator
Costs in the case of late payments Missing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult
The repayment of the loan is free of charge in the secondary offices of the Creditor, as well as at the discretion of the Debtor through the representatives authorized to collect loan payments. The list of which and their fees are published on the website of the Creditor (www.microinvest.md/cum-achiti-creditul/). In case the Debtor use payment methods with fee, the Debtor cover all the costs of repayment of the loan and undertake to make the payments in such a way that the Creditor receives the agreed repayment amount and without any deductions by third parties processing the refund payment.
In accordance with and arising from the provisions of art. 15, para. 7), lit. a) from Law no. 202/2013, any payments related to the granted credit (commissions, taxes, penalties, late interest and any other type of payment), except interest, will be applied and collected within the limit of the ceiling of 0.04% of the total value of the credit per credit day multiplied by the number of days of actual use of the credit (hereinafter 'Ceiling'). Therefore, the Lender will be entitled to apply and collect the costs, excluding interest, exactly in the fixed or percentage amount established in the contract if the said ceiling allows, and if the ceiling is lower than the value of at least one cost, excluding interest, then the Lender will be entitled to reduce the fixed/percentage amount and apply and collect any of the applicable costs only within the limit of the ceiling value. When calculating the ceiling, the costs already applied and collected will be taken into account, with the exception of interest, which reduces its value. (Representative example: if the amount of the penalty is 20 MDL per day, and the ceiling value at that time is 16 MDL, then a maximum of 16 MDL will be collected).

4. Other important legal aspects
Right of withdrawal You have the right to withdraw from the credit agreement within a period of 14 calendar days	Yes
Early repayment You have the right to repay the credit early at any time in full or partially	Yes
The creditor is entitled to compensation in the case of early repayment The Debtor may repay the loan in full or in part in advance, notifying the Creditor in writing 3 days in advance, and paying an early repayment fee of:	% from early repaid amount, if the period of time between the date of early repayment and convened maturity exceeds one year; % from early repaid amount.The early repayment can be made only if the Debtor has no outstanding debts on interest or other amounts to be paid in accordance with the Contract. % from early repaid amount, if the period of time between the date of early repayment and convened maturity does not exceed one year.
Database usage The creditor must inform you immediately and without charge of the result of a consultation of a database, if a credit application is rejected on the basis of such a consultation. This does not apply if the provision of such information is prohibited by law or is contrary to objectives of public policy or public security The parties may agree on additional terms and conditions, which will be included in the credit agreement.	Yes
Right to a draft credit agreement You have the right, upon request, to obtain a copy of the draft credit agreement free of charge. This provision does not apply if the creditor, at the time of the request, is unwilling to proceed to the conclusion of the credit agreement with you	Yes
The period of time during which the creditor is bound by the pre-contractual obligations	This offer is valid for 15 calendar days after it is issued.
In this regard, I subsequently declare that: I was provided with the necessary information, the essential characteristics of the above-mentioned credit product were explained (interest rate, number of commissions, credit costs, early repayment conditions, total amount to be paid), as well as the consequences of non-compliance with contractual clauses; the costs included in the total cost of the loan were explained to me, including the costs for ancillary services related to the credit agreement; I was offered the possibility to negotiate individually the contractual clauses in the credit agreement that I intend to sign, I negotiated individually the granting commission, the monthly commission, the amount of penalties and I mention that its clauses do not disadvantage me, being fair in the report mine with the creditor; I was asked by the creditor about the probable importance of the information provided and whether essential circumstances that I expected to be provided were not omitted in order to make an informed and rational decision about concluding the potential credit agreement. the information provided and the corresponding explanations allowed me to assess, including the personal analysis of other offers of third party creditors, whether the proposed credit agreement is tailored to my needs and financial situation; I know the content of the contract and all its conditions have been explained to me, I have understood and accepted them, and the documents and information underlying the conclusion of the contract are complete and accurate; I know the law, the normative acts that will govern the contract, as well as the lack of consumer quality; I have no ambiguities or misunderstandings regarding the terms of the contract; the credit product corresponds to the purpose described above and will be used according to the destination and the economic activity carried out. The assets procured/resulted/constructed/repaired from received loan sources will be registered/transmitted in the social capital of the company where my business activity is carried out and/or will be used jointly by the members or individually however strictly for running my business activity. (Signature)