EV Financing Options

Date: Jan 19, 2024

You’ll see more electric vehicles (EVs) on the roads in Denver, and there are many reasons why. EV prices have come down lower in recent years, there are more public charging stations in the Centennial area, and there could be incentives for your purchase. 

Gas prices aren’t going down any time soon, and EVs can save you on fuel costs more than before, even as Honda vehicles are already fuel-efficient. They’ll also save you money on maintenance for as long as you own your EV because there are fewer moving parts in EVs. 

If you’re interested in EV financing options, now is a great time to lease or buy an electric car from Holman Honda Centennial. Read our guide as you look to buy vs. lease an EV for more information.

EV Financing Options: Buying Is More Affordable Than Ever

Plenty of drivers are looking to buy vs. lease an EV due to improved technology that has progressed over the past decade. With it, prices have lowered, too. And more EVs are coming out from automakers each new model year.

One of the advantages of leasing is that you get a brand-new car every two years when you look to buy vs. lease an EV to put in your Aurora garage. Luckily, EVs already have a lot of high-tech features that automakers like to showcase to make it look like you’re piloting a starship rather than driving a car. Buying an EV gives you unlimited mileage options versus having to limit your weekend getaways and family vacations.

EV Financing Options: Range Is Improving

When you want to lease or buy an electric car, the range of these new vehicles has extended magnificently over the past decade. In 2015, the top-rated EVs got 100 miles per charge. Now, they exceed 300 miles. Honda’s first pure EV, the Prologue, expects to get between 250 and 300 miles of range (exact numbers aren’t out yet).

Lease or Buy an Electric Car With Incentives

There has been a lot of talk about incentives when buying an EV. Starting in 2024, certain EVs are eligible for a $7,500 incentive that amounts to a discount when you pay for your electric vehicle. In previous years, you had to wait until you filed your taxes in the spring. And the $7,500 was used as a deduction to lower your overall tax bill. 

Talk to our team about which EV might be eligible for your $7,500 discount, which could lower your auto loan amount. You might even purchase a new EV that’s less expensive than a gasoline-powered counterpart, depending on the incentives you qualify for.

Lease or Buy an Electric Car in Centennial

Ready to put a new Honda EV in your Parker garage? Contact us or call to schedule a test drive with our team. We think you love the selections of EVs on our lot! While you’re here, apply for financing to see if an EV fits into your lifestyle and budget.