Should I Lease a Used Hybrid or Electric Car?

Should I Lease a Used Hybrid or Electric Car? post
September 8, 2021 | Used Leasing

Leasing a used car isn’t for everyone, but if you’re considering driving a hybrid or electric car, it can be one of the smartest choices you make. Used cars have always been a great way to get more bang for your buck on any car you’re considering, especially if you’re searching for a complete technology upgrade that comes with hybrid or electric cars.

At Drivrz Financial, we’re always here to help you understand as much as you can about leasing used cars of any kind before you sign on the dotted line. This is why today we’re going to do a quick rundown of our top reasons that leasing a used electric car is better than buying.

Faster Tech Upgrades

Technology changes so fast that every year a new electric or hybrid model is released, there are massive changes to the technology packed inside. With conventional cars, this isn’t always the case. Leasing a used electric car allows you to keep up with the technology every couple of years instead of driving around old tech that doesn’t hold up to the times.

Reduce Your Depreciation

If you bought a brand-new hybrid or electric car, then its value would fall drastically the moment you drove it off the lot. By leasing one, you can retain more value and have less of a drop in depreciation over the time you are leasing it.

Battery Degradation Doesn’t Have to Be Your Problem.

Like anything operated by a battery, your leased electric car has a life cycle on it. They eventually won’t hold a full charge any longer, but leasing it means that you don’t have to bear the costs of that problem. The degradation of the battery during the term of your two or three-year used car lease shouldn’t have any impact on your experience with the vehicle.

Save on Gas

If you choose to lease a used electric car, you’re instantly saving thousands on gas every year of your lease. This can be one of the biggest reasons for many people to choose to lease electric. However, while the hybrid will reduce your gas costs, it doesn’t eradicate them as an electric car option does.

Whether you’re considering a hybrid or electric car for your next used car lease, be sure that you keep these tips in mind. Drivrz Financial is always here to help you find the right lease financing to fit your needs and budget.

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