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5 Reasons Why Leasing an Electric Vehicle Makes Sense

When it comes to getting a vehicle, a lot of people are vehemently against leasing. The problem is that people often base their opinions on half-truths and misconceptions. The truth is that there are many cases when leasing a vehicle would actually be a better choice than buying one. One of these is when it comes to electric vehicles. These cars have specificities that make them a better leasing option than regular vehicles. There are also benefits to leasing a vehicle in general that you may have not considered. Let’s look at why leasing an electric vehicle makes sense.

electric vehicle

Fast Depreciation

One of the reasons why leasing a vehicle would make sense is because of depreciation issues. You may not know this yet, but electric vehicles tend to depreciate much faster than petrol-fuelled vehicles. This can be attributed to many factors, but one of them is the lower demand for used electric vehicles. Some people may be scared to buy a vehicle with a used battery, for instance, or want an electric car with all the latest features.

Leasing a car is the best way to avoid depreciation. This is something you simply won’t have to think about with a lease. Just take the car back once you’re done with your lease and get a new one. Not only do electric cars depreciate fast, but you have no idea how long it will take for you to find a buyer. Going with a lease will allow you to avoid the headache of getting rid of an electric vehicle that has aged and may have fallen out of favour with the public.

Lower Cash Flow Hit

Another benefit of leasing an electric vehicle is that the hit on your finances won’t be as big. The payments on your lease will be a fraction of what you’d have to pay for financing. If you’re on a tight budget but you still want to be able to drive a fairly new vehicle, leasing is the only way to go.

If you’re looking for a cheap electric car lease and want to know how to find electric car lease deals, visit lvelectrix.co.uk. They have tonnes of information on EV lease deals and will explain the electric car leasing process in and out.

Get a New or Nearly New Vehicle

One of the biggest benefits of leasing a vehicle is that you get to drive a car that is practically new all the time. Being in a new car feels nice, but the benefits are more than superficial. Electric vehicles evolve much faster than regular vehicles and new features are implemented quickly. This means that newer vehicles will usually be safer, but more importantly, they’ll be more efficient.

The range on electric vehicles has increased so much in a few years, and there’s no telling where they will be a few years from now. There will be vehicles with even greater battery capacity and faster charging times. Leasing will allow you to benefit from these advances and eventually save on running costs. You’ll also get a more performant and convenient vehicle.

Another reason why leasing is so great is that you’ll get a vehicle that will be under warranty. While electric vehicles aren’t known for breaking down, they do break down from time to time and parts can get very expensive. This is even worse if you have an older electric vehicle, and the parts are nearly impossible to get.

Most major components will be covered by your warranty if you lease your vehicle, and you’ll get special treatment when you need to get it serviced. All you have to worry about is changing the suspension and brakes from time to time – everything else will be covered.

You Might Not Have to Buy a Charger

Buying a charger for your car can be pretty expensive but there are leasing companies that will go as far as giving away chargers for free to sweeten the deal for buyers. They will cover the installation as well. This will save you a lot of trouble and money and allow you to get everything through one service.

You Won’t Have to Think About the Battery

If you didn’t know already, an electric car battery can cost about £4,560 to replace. That could be almost half of your car’s value if it’s an older model. Newer batteries do not degrade as fast as they used to, but if you are thinking of buying a car that is five years old or older, there’s a strong chance that you’ll have to pay for a replacement. This isn’t something you’ll have to think about with a lease.

These are all reasons why you should strongly consider going for a lease for your electric vehicle. This is the best decision if you want a great vehicle without the costs and hassles associated with owning one.


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