Buy or rent an electric car? – Our advice
Electric cars

Buy or rent an electric car? – Our advice

According to the monthly barometer of Avere-France, there were 93% increase registrations of light electric vehicles since January 2018. The electric vehicle market is booming. With the increase in supply, this ecological solution is attracting more and more French people. Here we ask ourselves: Buy or rent his electric car?

Why is it worth giving preference to long-term rental of an electric car?

Buy or rent an electric car? – Our adviceIn France, more than 75% of funding for electric vehicles comes through contracts lease with the option of purchase (LOA) or long term rental (LLD) according to the French Association of Financial Companies (ASF).

From a financial point of view, the main advantage of renting an electric car is the absence of significant investments. Since buying an electric car is still very expensive, renting allows you to control your budget easier and monthly distribution of expenses.

The advantage of not owning a car is also that complex solution as several services are often included in the price or available as an option (warranty, service, insurance, etc.). This allows you to free yourself from possible financial contingencies.

When you buy an electric car, it loses about 50% of its value in the first few years, and the discount persists in subsequent years. Hence, reselling your vehicle means losing money as it has lost its value. Long term rentals avoid this because there is no question of resale ; You can change your car regularly and enjoy your electric car, which is always in good condition.

Therefore, long term rental (LLD) is becoming an increasingly popular solution for electric vehicles.

Why buy an electric car?

Buy or rent an electric car? – Our adviceBuy or rent his electric car? Buying an electric car becomes ownerand, therefore, have complete control over the vehicle, be able to operate all possible mechanisms and use them at will.

Your own car allows you to "forget" about the kilometers traveled. This bill is important when renting an electric car.

Buying an electric car is an investment. In this case, the fee is limited to maintenance and the electricity needed to charge the car. Those lower usage costs than a heat engine. This makes it possible to quickly make the purchase of an electric car profitable. Indeed, fuel costs are reduced by more than 75% with the introduction of an electric vehicle, and maintenance costs are reduced by 20%.

Therefore, buying is the most suitable solution. if you want to have high mileage or if you want an electric car for a long time (more than 3 years).

Why buy or rent a used electric vehicle?

Buy or rent an electric car? – Our adviceThe new electric car needs some funding; choosing a pre-owned electric vehicle can significantly reduce costs as the vehicle receives a discount. Thus, the reason has best quality price report the new electric car is still very expensive. In addition, after just a few years, it loses half of its value; second, the decline in value is stabilizing.

Besides the economic aspect, the environmental benefits are also important. If the electric car is, of course, cleaner than its gasoline and diesel counterparts, such an opportunity will give the car a second life, increasing its duration, thereby contributing to the creation of an even greener and smarter world. A used electric vehicle allows everyone to drive clean while saving money; solution useful for both planet and wallet.

To go further: Used electric vehicles: things to check before buying

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