An overwhelming majority of EV buyers are choosing to lease their cars rather than buy them. But why?
BY KYLE HYATT J
Pop quiz, hot shot: You’re at a car dealer looking at this year’s crop of electric cars. You want one, but should you buy or lease?
Buying an electric car is not unlike buying a new phone, in that there’s always a feeling that no matter when you buy in and at what level, something new will come out in a few weeks and make your new toy obsolete. This is why most people shopping for their first EV end up leasing rather than buying, Automotive News reports, citing data from Bloomberg New Energy Finance.
Electric vehicle technology has come a long way in the last four or five years. Ranges have gone up, charge times have gone down and performance is off the charts. Where does this leave the person who bought a Nissan Leaf in 2011 now that something like the is starting to hit the streets? It’s not that big of a deal for the more-money-than-brains crowd, but for regular Joes and Janes, it can be a real barrier to entry.