Editor’s Notation: Here is the entire press release from Swaplease”s agency, Merit Mile. See the detail behind the 4 reasons for leasing an electric.
A report released recently from industry research firm IHS Automotive says that supply of electric vehicles will rise a whopping 67% throughout 2014.
However, USA Today reported in December that EV’s are “worthless” after 5 years because of such dramatic depreciation. What’s a consumer to do?
With more EV cars entering the marketplace, along with a hesitant consumer attitude to commit to them for the long term, here are four main reasons why it makes sense to lease an electric vehicle:
- Extremely low monthly payments: The majority of states and the Federal Government kick in incentives for having an electric car, too. Consumers purchasing an EV can expect nothing under $30,000. Chevrolet, Fiat, Nissan, and Smart have deals that make monthly payments only $199.
- Technology upgrades: Consumers can upgrade the technology under the hood more frequently by swapping out for the next best battery or the new EV with better safety features.
- Low mileage use: Mileage limits on leases become an afterthought since electric cars are widely used for local commutes only.
- Depreciation. The Chevy Spark is projected only be worth 28% of its value after 5 years, and the Ford Focus EV has an even lower projection of 20%.
You can gain more info and background about this by a discussion with discuss with Scot Hall, the Executive Vice President of Swapalease.com. Or you can talk to Merit Mile at www.meritmile.com.
A copy of the release about the IHS Automotive report on electric vehicles is on STUDIES AND REPORTS on www.automotivedigest.com
You can see more detail from the LA Times HERE.