21 July 2020
8 Mins read

Making The Switch – How To Buy An Electric Car in 2020

Let’s face it, everyone wants to be considerate when it comes to the climate, but it can be so expensive.

Let’s face it, everyone wants to be considerate when it comes to the climate, but it can be so expensive. The idea of driving a hybrid or electric car sounds wonderful in theory, but the reality of the situation is that it is just a pipe dream for many due to the cost of buying an electric car, right?

Wrong!

If you want to upgrade your car and also play your part in helping the climate, then this little guide is exactly what you have been looking for. So, let’s see how you or anyone else can get behind the wheel of a new electric car.

Choosing the right electric car

Before we start looking at how to get an electric car, the first thing you should do is decide which one you want and which is actually right for you – these may not be the same things.

After all, we all dream of driving a Tesla Model S around town, all that technology at our command. But when you take a step back and look at the Tesla Model S, is it really the right car for your lifestyle and needs?

More than likely, the answer is no.

But don’t worry, that doesn’t mean you should instantly give up and buy a Prius. You just need to look at your lifestyle and decide what you actually need from a car. Take into account the following and note your requirements for each of them;

– Space for family or potential passengers?
– Room for baggage, if you travel a lot
– Can you comfortably fit a week’s worth of shopping in it?
– How far do you typically travel in a single journey?
– Do you often drive in the city, or more on open roads and motorways?

Obviously, everyone’s answers to these questions will be vastly different. For example, the space needed for shopping for someone who is single will be far less than that required by a family of 4.

However, working out what you need will help you see what types of electric cars would be best to choose from.

Finding the right price for your electric car

So, once you have determined what the right type of electric car is for you and your lifestyle, the next step is to find the right price. Obviously, that will be as cheap as possible whilst still ensuring that any of the extra features you need are also included.

This search really comes down to two different paths; the total cost of the vehicle and the monthly cost of the vehicle.

We’re going to largely ignore the total cost, but let’s face it, very few of us can afford to just put down cash for the full price of a new car. Instead, finance will be the key player here, so the monthly cost is where we need to focus.

Now, you would be forgiven for losing hope when you get to this stage. After all, the common consensus is that finance for an electric car will cost approximately 13 arms and 5 legs. But that really depends on what type of financing option you choose.

You see, more typical finance options like hire purchase will cost a lot each month as you have to cover both the car price and the depreciation of that car. On the other hand, if you chose a lease deal for your electric car, then it will be cheaper because you are only covering the depreciation. This means that the monthly cost is often far lower than more commonly known finance options.

Therefore, we would recommend using something like our list of car lease deals to see what the costs of your preferred electric car is on a lease deal. Then you can narrow down which one would be right to get your hands on and go from there. You can find our list of car lease deals here.

Once you have found a deal that fits your budget, fill out the contact form and get the ball rolling on your new electric car!