Swapalease.com’s Scot Hall explains the mechanics and rationale for leasing an electric car instead of buying it in this EV World Dialogue video interview.

 

Owning a automobile makes a lot of sense to a lot of people, especially if you plan to keep it for more than several years. But for certain consumers, leasing is the preferred approach to private car access, and this is particularly true for electric cars, argues Scot Hall, the Executive Vice President of Swapalease.com. Scot is not alone in his view; so does Consumer Reports.

There are a number of good reasons for opting to lease, instead of buying an EV, be it an electric hybrid such as Chevrolet’s Volt or a fully electric model like Nissan’s LEAF. Chief among these are the incredible offers carmakers have made to get people into their cars in efforts to overcome their natural reluctance to change and apprehensions about new technology. A quick scan of Swapalease.com reveals leases on Nissan LEAF’s as low as $168 a month and up to $422 a month. A 2013 Toyota Prius was being offered on lease for the next 30 months at $218 a month from an owner in Tulsa. Sorry, but that deal’s pending.

As Hall explains in our two-part Skype video dialogue, his company’s online service facilitates the matching up of drivers wanting out of leases for reasons of life style change and/or economic circumstances. It also enables people looking to pick up an affordable lease to find those good deals, with the online service pocketing modest lessee and vehicle registration fees.

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