Leasing the Future: How Much is it to Lease an Electric Car?
So, you are considering joining the eco-conscious by switching up your current vehicle to leasing an electric car. You are not the only one, according to HeyCar,in January 2023 there were an “estimated 620,000 pure electric and non-hybrid cars on the road in the UK, 224,919 of them were purchased in 2022”. And although these were based on purchased vehicles, we are seeing a rising increase in electric car leases. But are the overall costs cheaper than diesel or petrol, and what is the best electric car lease? Strap in, as we navigate through the benefits and costs of leasing an electric car.
Are Electric Cars Cheaper to Lease?
When something is new and shiny in this world, the cost tends to be higher, making it out of reach for the majority. However, when people see the benefits and see them outweighing the cost, overtime the demand rises and cost reduces. This has happened with electric vehicles across the UK, since the rise in demand and technological advances to lease an electric vehicle, the option to lease an electric vehicle has become more affordable.
While the upfront costs of buying an electric car can be high, electric car leasing deals from us at Car Leasing make monthly payments similar, if not cheaper than traditional counterparts. Although petrol and diesel are cheaper at face value, electric cars have lower maintenance and fuel costs which means you could be saving more throughout the duration of your electric car lease.
Electric VS Petrol VS Diesel Car Leasing Costs
Electric cars, like the Teslaor the Nissan Leaf, currently dominate the electric car industry. You tend to find the monthly payments of leasing an electric car are competitive, but thanks to government incentives, increasing availability of charging points, and reduced maintenance costs, these cars have become an attractive and cost-effective option for leasers.
It's also worth considering newer Chinese manufacturers entering the UK market, such as BYD, Omoda, Jaecoo and Skywell, which are often available at a lower price point than more established brands, making electric car leasing even more accessible.
Although petrol car leases are popular amongst drivers, they come with their own set of costs. Their monthly payments are on par with electric car lease deals, but they cost an awful lot more to run. Petrol prices are constantly changing, making it harder to stay on top of its finances.
On the other hand, diesel cars, are known for their fuel efficiency which saves the money you would be spending when leasing a petrol fuelled car. However, the upfront and potential maintenance costs can offset those savings.
Therefore, when choosing to lease a car, it is important to factor in all the potential costs and personal requirements of your vehicle in order to select the right lease deal for you. If you are unsure or need some expert advice, pick up the phone or drop our friendly team an email today.
What Is the Cheapest Electric Car Lease Deal from Car Leasing?
If you're still wondering if an electric car lease is the right move, let's break it down. Yes, the upfront cost might be a tad higher, but consider the bigger picture. Lower monthly payments, reduced maintenance, potential MOT exemptions, and lower insurance costs, and contributing towards a healthier planet make the electric car lease incredibly appealing.
You can browse through a wide range of electric cars at Car Leasing. We offer different makes and models, with a variety of specifications, and leasing options. All of these aspects determine the lease cost. Therefore, it is important to consider how long you would like to lease an electric car, what your budget may be, consider any makes and models you may have your eye on, and what it is you want from your electric car lease from Car Leasing.
Our electric car leasing options range from £133.74 per month with the Citroën Ami, to our most popular electric car leasing being the Mazda MX-30 from £332.48 per month, right up to the top specification Audi RS E-Tron GT from £1,867.75 per month.
We currently offer close to 100 electric car leases for you to choose from. So, if you are not sure about costs, then filter your search with our handy budget ranges. Or simply, get in touch with our team today to talk through the options and benefits of each electric vehicle we have to offer.
Things to Consider in an Electric Car Lease
Charging Infrastructure: It is important to ensure that charging stations are readily available in your area. The charging network is expanding rapidly, but it's always good to double-check.
Aligning With Your Lifestyle: It's essential to consider the purpose of your electric vehicle. Whether it’s for your daily commute or potential long-distance trips, you need to evaluate if an electric car is right for you.
Government Incentives: Many countries offer tax credits or grants to encourage the adoption of environmentally friendly transportation. The UK government is currently offering grants for plug-in vehicles, see if you would be eligible.
The Road Ahead: Driving into the Future
The scales are tipping in favour of electric vehicles, not just for their environmental benefits but also for the savvy driver's pocket.
As the automotive industry embraces electric technology, leasing an electric car with Car Leasing is no longer a distant dream but a reality.