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Is Leasing an Electric Car a Good Move?

The automotive industry has come a long way in recent years, with electric cars becoming increasingly popular. As electric vehicles (EVs) become more widely available, many people are faced with the decision of whether to buy or lease their next car. In this blog, we’ll explore the reasons why leasing an electric car is a great move, and discuss the benefits of choosing an electric car lease.

Why Choose an Electric Car Lease?

Choosing an electric car lease is an ideal way to experience the benefits of driving an electric vehicle without the upfront cost of purchasing one outright. Leasing an electric car allows you to drive the latest models, with lower monthly payments compared to financing a purchase. Additionally, as technology is constantly evolving, leasing ensures you have access to the most up-to-date features, such as better battery life and enhanced charging capabilities.

No Worries About Depreciation

One of the main benefits of leasing an electric car is that you don’t have to worry about depreciation. Electric cars, like all vehicles, lose value over time, but when you lease, you’re not responsible for the depreciation costs. At the end of your lease, you simply hand the vehicle back to the leasing company, and can choose to lease another brand-new electric car with the latest technology.

Lower Maintenance Costs

Electric cars have fewer moving parts than their internal combustion engine (ICE) counterparts, which means there is less that can go wrong. As a result, they generally require less maintenance, and the cost of running an electric car is typically lower than that of an ICE vehicle. When you lease an electric car, you also have the option to include a maintenance package in your contract, which covers the cost of any servicing or repairs required during your lease period. This means that you don’t have to worry about any unexpected expenses, and can budget your monthly costs more easily.

Environmentally Friendly

One of the key advantages of electric cars is their positive impact on the environment. Electric vehicles produce zero tailpipe emissions, which means they don’t contribute to air pollution while on the road. This is particularly important in urban areas, where air quality can be a significant concern. By leasing an electric car, you’re not only helping to reduce your own carbon footprint, but you’re also playing a part in improving air quality for everyone.

Access to Government Incentives

The UK government offers a range of incentives to encourage the adoption of electric vehicles. These include the Plug-in Car Grant, which provides a discount on the purchase price of eligible electric cars, and the Electric Vehicle Homecharge Scheme, which offers financial support for the installation of home charging points. By leasing an electric car, you can take advantage of these incentives, making your lease even more cost-effective.

Convenient Charging Options

One of the concerns people often have about electric vehicles is the availability of charging points. However, the UK has an extensive and growing network of public charging stations, making it easier than ever to charge your electric car while on the go. Many leasing companies also offer home charging points as part of their packages, allowing you to charge your car at home overnight. This means you can start each day with a fully charged battery, making your daily commute more convenient and stress-free.