Is Leasing the Best Way to Go Green?

We’re under increasing pressure in all areas of our lives to go green, and motoring is no exception. However, electric, hybrid and other green motoring solutions tend to be expensive, so is car leasing in Leicester or elsewhere a good way to go green without over-stretching your bank account?

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The Price of Going Green

There’s been increased focus on greener motoring in recent years, and that’s likely to increase in the wake the VW emissions scandal. But it’s a fact that because of the extra technology involved, greener options such as hybrids and fully electric cars tend to be more expensive.

This isn’t so much of a problem at the top end of the market. If you’re prepared to buy a Jaguar or Porsche, then the price of a Tesla, say, won’t be that startling. Lower down the scale, however, something like a Nissan Leaf starts to look pricey compared to a Focus or Golf – particularly given its range limitations. The price difference with hybrids is lower, but they still tend to cost more than conventional cars.

Green Leasing

Leasing a car from a company such as means you can usually get a good deal on pricier models because their lower depreciation means a better residual value at the end of the lease period.

If you’re looking to go green, leasing can offer a more attractive option than buying because electric and hybrid cars have a high purchase price but low running costs. Those that have been on the market for a while like the Prius have built a reputation for good residual values, making them an attractive lease option.

Servicing costs for all electric cars tend to be lower due to the simpler technology, and those for hybrids are comparable with costs for conventional cars. Increasing numbers of plug-in hybrids have come on to the market in recent years. This latest generation of plug-in hybrids can offer the best of both worlds, with the convenience of electric use for short journeys but no range anxiety on longer ones.

As with any other lease, there are likely to be mileage limits, so you need to work out your motoring needs carefully. You can choose to have servicing and road tax included in the lease to control your costs, making the whole process straightforward.

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