Video by Electrifying via YouTube
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#freeevs #freecar #electriccars
Looking for a new electric car? The chances are you’re being offered some very attractive deals to help buy a new 24-plate car, but we’ve discovered a hack which will you can pay more than £100 less per month and get to keep the car at the end of the agreement – essentially meaning you get it for free compared to taking the manufacturer’s finance.
This is possible because of the crazy turn around in the car market, which is especially affecting EVs. Heavy depreciation on some models means some cars with fewer than 100 miles on the clock are being advertised at prices below the total cost of the finance repayments on a new car.
Currently the most popular form of finance agreement is a PCP – which stands for Personal Contract Purchase. This means buyers don’t pay for the entire value of the car, and only cover the depreciation. This keeps monthly payments low compared to traditional ways of financing a car, like hire purchase.
At the end of the PCP agreement you can pay off the remaining amount of the car’s value and own it, or you can just hand the car back and walk away with no further commitment.
Please bear in mind we are not financial advisors and you need to do your own sums. But hopefully this will inspire you to save some cash.
For a full explanation on how to do it, plus ALL the sums, check out the full story here:
https://www.electrifying.com/blog/knowledge-hub/how-to-get-your-car-for-free-or-at-least-get-to-keep-it-and-save-thousands
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