5 reasons why you should pay to drive and not to own

“Why pay money towards a car you’re ultimately not going to keep?”

Good question – and one we get asked a lot about when chatting about Intelligent EV.

But, what if we told you that leasing an EV is often cheaper month to month – and can take away the hassle of buying a car outright?

If that’s got you curious, keep reading for our top five reasons why leasing might just be the smartest way to drive electric.

EV tech doesn’t quite match up to the Batmobile or 007’s latest set of wheels…yet (though some models come pretty close).

With car manufacturers piling investment into EVs, it won’t be long until they catch up. That makes right now an incredibly exciting time to drive an EV – the latest models are a blast to drive, and the tech is getting smarter by the minute.

So, why not join in the fun by changing your EV every few years?

When you lease, and your contract is up, you can switch your car just in time to discover the next generation of EV tech. Longer battery life? Better driver assist technology? Supervillain alerts via Android Auto, complete with bonnet-loaded, Bat-Heatseeking missile launcher?

We wouldn’t rule it out.

Buying a car upfront requires a large amount of cash. If you don’t want to drain your savings account, monthly leasing payments offer a more affordable way to get the car that’s right for you.

Leasing your car and handing it back at the end of your term (known as Personal Contract Hire) can offer cheaper payments month to month. This means you can stretch to a nicer car whilst keeping more of your cash.

So, if you need a step up from your current car (or simply want to treat yourself), leasing makes the most sense. You’ll spend less in the long run too, as your leasing payments won’t cover the entire cost of the car.

Need an example? Here’s how it works with the fantastic value Peugeot e-2008:

When it comes to leasing, you’re in control.

Think of it like your phone contract. You sign up for a set term, drive your EV for a few years, and when the contract’s up, you can hand it back, or trade up for the latest model.

This makes leasing particularly useful when building your household budget. You know exactly what you’re paying, and for how long – so you can plan accordingly.

Leasing can also help minimise unexpected car maintenance costs. And with Intelligent EV, we do exactly that. By including MOT, servicing, and repairs within your monthly cost, we’re minimising costs and maximising savings.

This leads us nicely onto…

It’s easy to think of owning an EV outright as a better option because the car is yours. Whatever costs you pay, you pay them towards something that you own, right?

However, let’s say that three years after you buy your car, a new battery comes out that charges twice as quickly. Despite being in top shape, your car reduces in value because the tech has moved on. And this could affect your ability to sell your car when the time comes.

However, if you lease an EV, you’re only driving it for the term of your lease. And once your lease is up, you can switch it for a newer one, so you don’t spend increasing (and unpredictable) amounts of money keeping an old car running.

When it comes to EVs, it’s not just about the car - it’s about the whole bundle.

With Intelligent EV you get:

• Expert advice throughout the entire leasing process, from choosing the right car for you to signing those final bits of paperwork
• A stellar customer support team will be available throughout your lease (don’t just take our word for it – take a look at our five-star Trustpilot rating to see for yourself!)
• Smart charging through the Electroverse and a discounted rate on Intelligent Octopus Go (Octopus Energy’s smart energy tariff)

And more.

And what’s the smartest way to get an EV? Well, that would be with Intelligent EV.