DRIVEITAWAY HOLDINGS, INC. The WardsAuto Podcast, “Getting Consumers into EVs Via Rent-To-Own” can be found here and the WardsAuto podcast can be subscribed to on Apple Podcasts, Spotify and other platforms.
While EV and PHEV sales are increasing, and roughly 4 out of 10 Americans (38%) say they are very or somewhat likely to seriously consider an electric vehicle for their next vehicle purchase according to a recent
Inventory of EVs is building (roughly double the days supply of gas units), as pricing of EVs is substantially higher than traditional gas vehicles (with average sale prices already at an historic highs), interest rates and inflation, and the lack of charging infrastructure, fill a potential buyer with a lot of hesitancy.
“The DriveItAway micro-lease/rent to own consumer app and program built for automotive retailers, enables all to select and drive the vehicle of their choice, with an option to purchase (with the benefit of usage payments continually lowering the purchase price), regardless of credit score, and works for both internal combustion and electric vehicles,” says Possumato, “however it turns out to be particularly well suited for the potential EV buyer, as in many cases he/she has many questions on suitability and there is a real need to drive the vehicle in regular conditions before someone is comfortable enough to make a long term financial commitment.”
Possumato continues, “Combine this ‘try before you buy’ with federal EV/PHEV new vehicle tax incentives, which applies in full to all commercial leased EV/PHEVs (such as dealer rentals), with no sourcing requirements, and the used EV/PHEV used vehicle consumer tax incentive, and it creates a perfect way for all consumers to drive and buy a new or used EV the most cost efficient way without having to decide immediately to take the long term financial plunge.”
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