Why Lease an EV? Three Hidden Advantages

There are lots of benefits to leasing a new Toyota vehicle. An EV lease also has its own unique perks, such as additional savings, flexibility, and the latest technology. Casey Toyota is highlighting three of the hidden advantages of leasing a Toyota EV.

Cost Savings

Leasing a vehicle is almost always more affordable than financing one, because you’re only paying for the vehicle’s depreciation during your lease, rather than its total value. This usually means smaller monthly payments, and you typically don’t have to make as large a down payment either. Plus, electric vehicles (EVs) require less maintenance, so maintenance costs will be lower. It’s generally more affordable to charge an EV than it is to keep a comparable internal-combustion vehicle going as well.

Avoiding Depreciation

New vehicles can lose up to 20 percent of their value in the first year alone, and EVs tend to depreciate even faster than fuel-powered vehicles. With a lease, you don’t have to worry about the depreciation. Since a lease is essentially a rental, you’ll simply return your vehicle at the end of your lease, and then you can secure a new one.

Newest Technology

Toyota EVs are constantly evolving. Not only do the vehicles get new technology and features, but the EV technology evolves as well. They continually get better range, have more charging options, and more. Since leases typically only last two or three years, you have the convenience and flexibility of consistently upgrading to the latest and greatest Toyota EVs.

Lease a Toyota EV in Williamsburg, VA

We have a diverse lineup of electrified Toyota models, including EVs, hybrids, and plug-in hybrid vehicles. We’re confident there’s a perfect match for you on our lot. We invite you to stop by Casey Toyota to explore our inventory and test drive your favorite models today!