Skip to the content

EVs - own or lease? It's a no-brainer...

By Aaron Davies

Now before you begin to vent wrath at my sheer audacity to suggest the Electric Vehicle is not the smartest buying decision, let me explain what I mean. 

What I mean by “own” has become a somewhat ambiguous term in today's car market. An estimated 92% of new vehicles on UK roads are on finance, but most of us will still be proud to say we “own” that lovely, brand new car. This is absolutely fine, and demonstrates the shift in buying behaviours across the car market. After all, why bother taking the financial risk yourself when there are so many low-interest options to spread the cost and leave the selling on worry to the company?

This is where the fantastic network of Electric Vehicle Contract Hire, Leasing and Rental companies come in. We work with a variety of fantastic clients that provide you with a service to get into that lovely new EV without the burden of the 40% depreciation weighing down in your mind. The lease - at least in my opinion - is absolutely the best way to enjoy driving that CO₂ free environment saving EV. A lot of deals can even see you wrap the cost of a home charger into the price, meaning you don't even need to attain your degree in Electric Vehicle ownership before you take the plunge! 

Will there be an answer to counteracting the massive depreciation of EVs? I am not sure. But until then, I would suggest you leave that burden to the leasing company. 

On average, battery electric vehicles (BEVs) have dropped by over 40% in the past 12 months. Throughout December, BEV values continued to decline as demand struggled to keep up with the increasing supply in the market, which has been the trend throughout 2023.

Read the original article here
We think you might also like

As a free user, you can like posts.

To repost this post to your own Passle blog, you will need to upgrade your account.

For plans and pricing, please contact our sales team at

Sorry, you don't have permission to repost or create posts.

Repost successful!

View the repost

Something went wrong whilst reposting - please try again.

Sorry - this is not an option. This post already exists in the Passle you have selected.

Try reposting to another Passle.