WINCHESTER, UK – 07-15-2019 (PRDistribution.com) —

Electric cars can be bought, leased, or even subscribed to just like a Netflix account. The Electric Car Home website now has a new page explaining the pros and cons of each approach.

The best, modern electric cars have many benefits including:

  • They are cheap to run and service
  • Fantastic acceleration and performance 
  • They go a long way on a single charge 
  • Electric cars don’t emit CO2 
  • They don’t pollute the environment – no dirty air 
  • Inside they are quiet and peaceful to drive
  • They have few moving parts – much less to go wrong

For people thinking about getting an electric car, also known as an EV, what is the best way of acquiring one?

Buying the car outright

This has always been the traditional route to car ownership. The customer pays for the car in cash, either in a lump sum or in instalments. The three main methods are:

  • Loan
  • Hire Purchase
  • Personal Contract Purchase (PCP)

Buying an EV with a PCP is very popular in the UK at the moment. The buyer knows exactly where they stand at the end of the agreed term, and can even give the car back if they no longer want to own it.

Another approach is to buy an electric car second hand. A used EV can very inexpensive. For example, the Nissan Leaf first came out in 2012 and there are plenty of second hand models available.

Leasing or renting an electric car

For customers who don’t want to own the car, some kind of lease is ideal. The most common options are:

  • Personal Contract Hire (PCH)
  • Personal Contract Purchase (PCP)
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A PCH is simply a long-term rental, usually for 24, 36 or 48 months. At the end of the term the car is handed back.

On a PCP, as per the section above, the electric car can either be given back to the leasing company, or the customer can pay a final instalment to own the car.

Subscribing to an electric car

This is an exciting, exotic, new way of being able to drive an electric car at low cost.

Instead of buying or leasing the EV, the customer simply subscribes to the car for a month at a time.

For example, a Tesla Model 3 can be subscribed to for a couple of months to try it out and then if no longer wanted, simply handed back. No penalties.

Alternatively, for people who have never tried an electric car before, a cheaper model, such as the Renault Zoe, could be subscribed to. This allows customers to dip their toes into the EV world at minimal cost.

What’s really attractive about this EV subscription model is that typically everything is included in the monthly fee, namely:

  • Use of the car itself
  • Insurance costs
  • Breakdown cover
  • Wear and tear costs
  • Servicing and repair
  • Road tax
  • Fair use mileage
  • Even electricity to charge the car from public charging points

Conclusion

Whether customers are thinking of buying, leasing, or subscribing to an electric car, they can find all the advice they need on the Electric Car Home website.

There is also plenty of information about technology that complements EVs, such as solar panels and battery storage, like the Tesla Powerwall, Sonnen Battery, and the Powervault.

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Electric Car Home provides helpful consumer guides as well:

All the electric car advice and tips in one place!

Media Contacts:

Company Name: Electric Car Home Ltd
Full Name: David Lewis
Phone:
Email Address: Send Email
Website: https://electriccarhome.co.uk

For the original news story, please visit https://prdistribution.com/news/the-best-way-of-getting-an-electric-car.html.

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