EV Financing Options at Holman

If you are not sure whether to lease or buy an electric car, the team at Holman would be glad to discuss your EV financing options. We can help you find a new electric vehicle that checks all of the boxes on your wishlist. Then, we can help you secure some of the most competitive financing in the area, no matter if you prefer to lease or buy. Is it best to buy vs. lease an EV? We discuss the pros and cons of each method below.

Should I Lease or Buy an Electric Car?

Is it better to lease or buy an electric car? We can’t give a one-size-fits-all answer to this question, as the answer varies from driver to driver. For those who primarily drive locally and like to have all the latest bells and whistles, leasing may be the more attractive option. For those who want to customize their vehicles or drive without mileage limits, financing is likely the way to go. We take a closer look at your EV financing options here.

Leasing Benefits

Leasing is quite popular due to the lower monthly payments. Because you only lease a vehicle for a few years, it is a great way to drive a new car with the most up-to-date features. An added perk is that the vehicle is covered by warranty for the duration of the lease.

Leasing has been quite popular with EV drivers over the last few years while the technology was advancing rapidly. Now, more drivers are starting to consider financing their electric vehicles.

Financing Benefits

Why is financing a smart investment?

• Many drivers like to modify their vehicles. This is generally only possible with a financed car, as a leased vehicle will need to be returned to the dealership.
• When you lease, you have to be mindful of the mileage limits in your lease contract. If you exceed those restrictions, you will be charged a penalty.
• If you want to be able to sell the car at any time, financing is the way to go.

Start Your EV Shopping Journey Today

When you shop with Holman, you have access to an extensive selection of electric vehicles from some of the biggest names in the automotive industry. Contact us today for more information.