Best EV lease deals near Wilmington, IL

At D’Orazio Ford in Wilmington, our stock, sales and leasing of electric vehicles has never been higher. Our goal is, as always, to provide the Wilmington, IL area with the vehicles they want on the best possible terms, and that is no different with the EV market. With our inventory, financing, and location convenient to Wilmington, Chicago and surrounding areas, D’Orazio Ford can offer the best lease deals in the area.

Because of that, we get a lot of questions about the wisdom of leasing an EV versus purchasing, so wanted to break down some advantages of leasing an EV, especially if this is your first foray into EV ownership. Here are a few of the key advantages to consider:

• Lower monthly payments: Leasing typically comes with lower monthly payments than buying, which can be a major perk for budget-conscious drivers. This is because you’re only paying for the depreciation of the car during the lease term, rather than the entire cost of the vehicle.
• Drive the latest technology: EV technology is advancing rapidly, and leasing allows you to always be behind the wheel of the latest and greatest models. Once your lease is up, you can simply return the car to D’Orazio Ford and get into a new one with all the latest bells and whistles.

• Avoid battery degradation: Battery degradation is a concern for some EV owners, as batteries can lose capacity over time. Leasing can help you mitigate this risk, as you’ll likely be turning the car in before the battery experiences significant degradation.
• Tax benefits: In some cases, leasing an EV may qualify you for tax credits or other incentives. This can further reduce the cost of ownership and make leasing an even more attractive option. We stay on top of tax code changes for EVs, and we’re happy to fill you in on the latest tax credit advantages.
• Warranty coverage: Leased EVs are typically covered by the manufacturer’s warranty for the entire lease term, which means you won’t have to worry about unexpected repair costs.

Of course, buying your EV has some advantages as well. For example, you won’t own the car at the end of the lease term, and you may be subject to mileage restrictions- compared to ownership and unlimited mileage when you own your vehicle. 

Ultimately, the decision of whether to buy or lease an EV is a personal one that fully depends on your personal finance needs and preferences. If you’re still unsure, it’s a good idea to come into D’Orazio Ford and meet with one of the experts in our finance center so they can talk you through the costs associated with leasing your new Ford EV compared to purchasing it. Our customers tell us that’s a helpful resource as they investigate leasing an electric vehicle.  

Drop into our showroom today at 1135 South Water Street in Wilmington, IL, or reach out to us online and we’ll be happy to discuss your options. Remember, if you have questions about leasing a new Ford electric vehicle- start with the BEST dealership for EV lease deals in the area:  D’Orazio Ford!