Home Automobile Leasing is more expensive on an electric car News from Auto Plus in your smartphone News from Auto Plus in your inbox

Leasing is more expensive on an electric car News from Auto Plus in your smartphone News from Auto Plus in your inbox

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Leasing is more expensive on an electric car News from Auto Plus in your smartphone News from Auto Plus in your inbox

Today, leasing is gaining momentum. As a reminder, this device, also known as a long-term lease, allows you to own a car for a more or less long period and then return it at the end. In some cases, it can also be redeemed if you subscribe to a LOA offer (lease with purchase). A practice that is increasingly appreciated by motorists, it allows access to expensive and expensive models that would not be available for cash. Manufacturers do attract customers with attractive monthly payments, but not all cars are in the same boat.

High prices

Indeed, if more premium cars are obviously more expensive, this is also true of electric models. Anyway, that’s what the organization said. Transport and environment in a recent study. GO emphasizes that ” in France, the average monthly rent charged by leasing companies for long-term rentals 56% higher for an electric car than for its thermal equivalent“. A huge difference, obtained by analyzing the prices of 2.7 million used cars in five countries, such as Germany, France, the UK, Italy and Spain.

Profit growth

In addition, the European Federation for Transport and the Environment also notes that “in 2017, a leasing company reselling a three-year-old electric car could expect to receive a refund of 37.3% of the original purchase price. In 2022, the leasing company returned 43.4% of the purchase price for a three-year electric car“. Thus, leasing companies continue to increase their profits over the years, and electric cars are very successful.

Author: Mary Lizak
Source: Auto Plus

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