Monthly Payments Make EVs More Attractive To 80% Of Prospective Buyers | Carscoops

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Monthly Payments Make EVs More Attractive To 80% Of Prospective Buyers | Carscoops
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A large number of consumers are interested in finance / leasing schemes, while shared ownership models are also growing in popularity car auto cars

The traditional vehicle ownership model is rapidly changing as more and more buyers opt for monthly payment schemes. According to the most recent studies, 60% of buyers bought their cars on finance in 2022. Furthermore, an impressive 80% admit that having the option of monthly payments would make them more likely to buy an EV.

reveals the main factors behind customers’ preference to finance. Affordability is cited as the most important for 31% of the respondents who prefer paying a monthly fee instead of a large sum upfront. Also, 25% believe they will get a better car with finance, and another 25% find leasing beneficial for budgeting.

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