Motorists turning to lease deals for first electric car

70 per cent of drivers prefer to lease an EV before buying one outright, survey shows

Motorists turning to lease deals for first electric car

A survey of 2,025 UK drivers conducted by Auto Trader, reveals that 70 per cent of UK motorists would be interested in leasing an electric vehicle for a two to three year prolonged test-drive, getting to grips with the features and technology before committing to buying one outright.

Although 73 per cent of respondents say they would consider purchasing an electric vehicle within the next four years, 40 per cent of these admit they still have reservations about the capabilities of EVs.

Despite the UK now being home to more than 19,000 charging points and the average EV being able to travel approximately 100 miles on a single charge, more than half of motorists (51 per cent) say range anxiety is the biggest turn-off, followed by a concern for lack of available charging points across the UK (49 per cent) and in local areas (48 per cent).

The cost of the car itself was found to be another worry for 44 per cent of motorists, as well as how long it would take to recharge (42 per cent).

GW Podcast: Vehicle electrification and what it means for independent garages

However, according to recent market research, also conducted by Auto Trader, as many as nine out of 10 consumers are worried about the impact of petrol and diesel cars on the environment and, therefore, support schemes to help motorists to go green.

The research reveals that one in two (66 per cent) motorists think leasing any car before purchasing the vehicle outright is a sensible idea as it would help them to be sure the car is right for them.

Commenting on the findings, Auto Trader’s Rory Reid says: “Buying a new car can be a big commitment, so it makes sense that some are considering leasing as a viable alternative, especially when using it as a way to ‘test drive’ a car for longer periods.

Related: Bentley set to transform electric vehicle powertrains with new breakthrough

“Leasing for a couple of years gives drivers the time they need to fully get to know the vehicle and understand their own feelings about it.

“In the case of EVs, this would provide plenty of time to help drivers dispel any worries, become accustomed to the technology and see how accessible and easy charging can be.

“It’s also a fraction of the price of purchasing outright, so if after two years you’re not sold, you can simply return the vehicle.”

Garage Wire Podcast

Garage Wire · #5 Vehicle electrification and what it means for independent garages

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  • #199571 Reply

    A survey of 2,025 UK drivers conducted by Auto Trader, reveals that 70 per cent of UK motorists would be interested in leasing an electric vehicle for
    [See the full post at: Motorists turning to lease deals for first electric car]

    #199615 Reply
    Meat
    Guest

    Dont quite grasp the logic of buying a lump of metal that has a very
    Heavy weight full of nasty chemicals attached to it.

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