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Leasing
November 1, 2023
4 mins

How Used Vehicle Leasing Could Help Fleets Go Electric

Key take away points:

  • Used vehicle leasing offers fleets a cost-effective way to transition to electric vehicles.
  • Leasing used electric vehicles could allow fleets to avoid the steepest depreciation experienced by new EVs.
  • Transitioning to electric vehicles aligns fleets with a commitment to environmental sustainability.
  • The used EV market offers fleets a wide range of vehicle options.

The transition to electric vehicle fleets can pose significant financial and operational challenges for businesses seeking to electrify their fleets. Offering fleets’ a cost-effective, sustainable, and versatile pathway toward the adoption of electric vehicles can help them transition much more easily and align their fleets with their green, eco-conscious strategies.

Here's how used vehicleleasing not only makes the electric transition more accessible but also aligns fleets with the mission of a greener, more eco-conscious future.

A cost-effective way to transition to electric vehicles

Used vehicle leasing offers fleets a highly cost-effective means to embrace electric transportation.Transitioning an entire fleet to electric vehicles can be a substantial up front investment when purchasing new models, however, by businesses opting for usedEVs, fleets can significantly reduce their initial capital output. This cost saving is crucial for businesses looking to control expenses while reaping the benefits of electric vehicles, such as reduced fuel and maintenance costs.

Avoid the steepest depreciation

One of the key advantages of used vehicle leasing is the ability to avoid the steepest depreciation experienced by new electric vehicles. New EVs tend to lose a significant portion of their value in the first few years. By leasing used EVs, fleets can escape the initial depreciation and take advantage of vehicles with more stable residual values.

By perusing this strategic option,reducing the financial risk associated with vehicle depreciation and ensures a more predictable and budget-friendly approach to fleet electrification.

Aligning with a commitment to sustainability

Transitioning to electric vehicles not only helps fleets save on their operational costs but also helps them align with a commitment to environmental sustainability. By leasing used electric vehicles, fleet managers are making an active choice to reduce their carbon footprint. Reusing existing EVs instead of purchasing new ones lowers the overall environmental impact by decreasing the need for new vehicle production. It's a clear show of a fleet's dedication to a greener, more sustainable future.

A broad range of vehicle options

The used EV market offers fleets a diverse range of vehicle options, catering to a variety of fleet requirements. Unlike the limited selection of new EV models, the used market provides a wider selection of choices, including everything from compact cars to larger SUVs and vans. This diversity allows fleets to select electric vehicles that precisely suit their operational needs, making the transition to electric mobility more practical.

Lower maintenance costs than internal combustion engines

Electric vehicles are well-known for their lower maintenance costs compared to traditional internal combustion engine (ICE) vehicles. Used vehicle leasing provides fleets with access to this cost advantage, as many of the maintenance and repair expenses associated with older ICE vehicles do not apply to EVs. For businesses looking into EV fleets, reduced maintenance requirements translate into savings and less downtime, ultimately contributing to the overall financial attractiveness of electric fleet vehicles.

Tax incentives and rebates for EVs

Governments offer tax incentives, rebates, and other financial benefits to encourage the adoption of electric vehicles. The good news is that the incentives typically apply to both new and used electric vehicles. By leasing used EVs, fleets can still leverage these attractive tax incentives, which can significantly reduce the overall cost of electrifying their fleet. It's a win-win scenario that encourages businesses to make the sustainable and fiscally responsible choice in transitioning to electric vehicles.

By opting for used electric vehicles, fleets can take advantage of lower upfront costs, avoid phases of depreciation, and demonstrate their commitment to sustainability.With a diverse range of vehicle options and reduced maintenance costs, the appeal of used EVs becomes even more attractive. As businesses strive to navigate the evolving world of transportation. If you’re looking to update your company’s fleet or wanting your own personal electric vehicle, get in touch with the Bluestone team today!

How can Bluestone Help?

Bluestone Vehicles can arrange competitive finance for personal and commercial vehicle use as well as fleet management solutions for you or your organisation.

The team will work closely with you to understand your requirements and move quickly to lock in value through access to thousands of dealerships across the UK so you can get the best deal in the current climate.

If you’d like to discuss how our team of experts can help you, contact us today.

BS.202311.01BL27
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