If you are in the market for a new car, perhaps you are wondering what all the buzz about EVs is all about. While you know that there is a huge concern regarding pollution, all this excitement can’t be about just that, can it? Actually, you are quite right there. It’s about so much more than pollution control, although that is a major factor in electric car leasing. Here are some of the more common reasons why car buyers are looking at electric car lease deals.
1. The Sale of Petrol Cars Is Phasing Out
The date to be aware of is sooner than you think. With 2022 almost upon us, the length of time is short until 2030 when the sale of traditional diesel or petrol cars will be banned in the UK. With this in mind, car buyers are not yet willing to take on a major expense for something they are unfamiliar with and quite unsure of. An EV lease doesn’t lock them into a long contract in many cases because there are options to sign between one and five years on a cheap electric car lease. In other words, before getting into a long-term finance contract, drivers want to see what they like about electric cars and what other features they might want to include when actually purchasing a car.
2. Less Maintenance Required
Since there isn’t a combustion motor in the vehicle, there is less maintenance said to be required on electric vehicles. However, if you aren’t clear on what the major differences are, you might want to check out the information on the ElectriX website. This site is powered by the LV General Insurance Group to help their clients find what they need to know when choosing between purchase options or EV lease deals. Maintenance is a huge consideration and so many consumers are pleased with the fact that there will be fewer expenses on vehicle upkeep.
3. Lower Monthly Repayment Costs
Another factor that has gained a great deal of interest is the fact that monthly repayment costs are lower in leased electric vehicles than when purchasing one. The downside is that you won’t own the vehicle at the end of the contract, but in today’s economy, meeting monthly expenses often takes precedence over ownership. One thing you may want to keep in mind when leasing an EV is that the contract cost will also depend on the miles you drive monthly. It is always suggested that you get as close to your typical monthly mileage as possible so that you won’t owe for mileage at the end of the contract term.
After 2030 there will be no alternatives to buying anything but an EV. The sale of new petrol and diesel vehicles will be banned and so when you are in the market for a new car, an EV will be your only choice. Car buyers today are preparing themselves for major changes in the not-so-distant future and the consensus seems to be that leasing before buying is the best way to get a glimpse into their future.