EV Facts: EV Leasing makes financial sense

May 23, 2024

Leasing an electric vehicle is a smart choice for businesses or individuals looking to enjoy the benefits of EV ownership without the upfront costs and depreciation concerns. Here’s why leasing is an attractive option:

  • Financial Flexibility: Spread payments over the lease term, conserving capital for other investments.
  • Avoid Depreciation: Leasing shields  from the risk of depreciation, as the vehicle is returned at the end of the lease term.
  • Lower Costs: Leasing typically includes maintenance and servicing, reducing overall ownership expenses.
  • Easy Upgrade: Lease terms allow for easy upgrades to newer EV models, enabling you to remain at the forefront of technology.
  • Tax Benefits: Leasing payments may be tax-deductible as operating expenses for businesses or the self-employed, providing additional financial advantages.Leasing is a great way to access electric vehicles without the upfront costs or commitment and well worth considering. There are a number of leasing companies who specialise in EV ownership and can help you work out the best option for you.

    This article and its information was kindly provided by Green Car Guide