Why It Makes More Sense To Lease An Electric Vehicle

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.

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