Buying or leasing an EV shouldn't cause any headaches, which is why we're determined to make the process as simple and pain-free as possible. In many cases, we've pre-negotiated prices with local dealerships, so you'll know what you're going to pay before you even walk through the front door. If there's no price listed for a given EV, or if you're interested in a car that's not listed at all, give us a call or send us an e-mail, and we'll do out best to find the best price for you.
Should I buy or lease? This is a great question and one we get asked often. Ultimately, there are pros and cons to both buying and leasing, but generally, we recommend leasing for EVs.
The resell value is generally less for an EV than for a gas-powered car, the lease deals are usually better than purchase deals, and the technology is improving so quickly that in three years, you may very well want to upgrade. For example, just three years ago, the range on an all-electric car pretty much topped out at 80 miles per charge. Now, nearly every all-electric car can go a minimum of 110 miles on a charge, with a growing number of them able to travel over 200 miles before needing to be plugged in again. Other technologies, like autonomous driving features, battery cooling, lane assist, and integrated charging control continue to to improve, as well.
That said, there are advantages to owning an EV. The car is yours, and you can drive it as much as you'd like. If you own the car, you are also eligible to claim a Federal tax credit worth up to $7,500. For leases, the dealer gets this credit and usually passes it on in the form of more competitive deals, but there's no requirement for them to do so. If you're the kind of person who just likes buying a car and owning it for years, by all means, go for it.