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HomeMotoringMotor FinanceLeasing Used Electric Cars

Leasing Used Electric Cars

Leasing Used Electric Cars
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Electric vehicles (EVs) are becoming increasingly popular in the UK, driven by growing environmental consciousness among the population and the financial benefits they offer, such as 0% road tax. 

However, for many, the initial cost of buying an EV is a barrier to entry. Leasing used electric cars provides a practical route you can use to transition to electric mobility and get all the benefits EVs offer.

Financial Benefits of Leasing a Used EV

Leasing a used EV in the UK brings a number of financial benefits, with individuals benefitting from the government’s grants and exemptions. Not to mention the saved fuel costs.

With a lease, you avoid the crippling initial costs of an outright purchase; instead, there are simple fixed-monthly payments. That means you can budget your payments easily and choose from a range of used models that fit what you’re looking for. 

Operational Advantages

The operational benefits of leasing used EVs are also considerable. With fewer moving parts, these vehicles are far cheaper to maintain than traditional cars, with very little service needed over the term of a lease. Most lease packages include scheduled maintenance and roadside assistance, making ownership more affordable, simple, and straightforward.

Drivers have the opportunity to return their existing vehicle and upgrade to a newer model every couple of years, too. Allowing you to easily upgrade your car without the financial burden of having to fork out a chunk of money for a new car.

Environmental Impact: Driving Towards a Sustainable Future

EVs reduce your carbon footprint massively, which is one of the biggest factors driving the rapid rise of electric vehicles. The UK government has boosted this growth over recent years, looking to cut emissions from transportation. By driving EVs with zero tailpipe emissions, businesses and individuals can make a meaningful statement about environmental impact and saving the planet.

Additional Benefits of Leasing a Used EV

When you decide to buy a used EV, your monthly payments are much less. This means that you’ll be able to get a better model within your budget, or you can save on the same model compared to its new counterpart. 

Insurance costs are also lower when you go with a used EV as the value of the car is less, so insurance companies can lower your premium. This again saves you money in overheads associated with your car. 

Considerations When Leasing

There are a few considerations you need to take into account when deciding what EV you want to lease. 

Consider Multiple EV models

Charging times and range limitations vary by model, so look into multiple models of used electric cars that may offer potentially longer ranges.

Lease Documents

Read the lease agreements very carefully before you sign anything. Points to note include the lease term, mileage restrictions, early termination fees, and any costs not covered by the lease, such as insurance.

Availability of Infrastructure

The availability of the charging infrastructure is also something to take note of. It’s important to think about the availability of charging stations at home and at work, in addition to regular travel routes. Although these stations are becoming common throughout the UK, if you’re in a rural area, you may not have easy access to charge the car. That being said, most people with an EV get a charging post fitted into their home, so limited access to public charging points often isn’t a problem. 

Ending Thoughts

Leasing a used EV is a practical way for British businesses and consumers to get their hands on a modern electric car. With the financial benefits listed above, operational plusses, and positive environmental impact, it’s a compelling way for enterprising individuals and business operations to put in place an affordable, emissions-free transport strategy.

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