Friday, October 18, 2024

Leasing has become significantly more expensive – electric cars are to blame

There is an ever-increasing uncertainty about the resale value of electric cars, which pushes up the price of leasing. Leasing is otherwise very popular. Especially in Denmark.

Danes lease cars like never before. But it has also become significantly more expensive for them. One reason is that the leasing companies must compensate for lower resale value.

Reuters writes that.

Resale value has generally become more difficult to predict because the car brands have been thrown into a price war on new cars. And then there is only one place where the leasing companies can get a fair amount of financial security. Namely in the customers' pockets.

– If we are pushed very, very hard for everything to be electric too quickly, my shareholders will say that they do not want to take the risk, and then we will have to exit the market.

READ ALSO: Charging operator has gone bankrupt with huge debts

– Let's be honest: without us, who takes the risk? says Tim Albertsen, director of the leasing company Ayvens, the former ALD, to the news agency.

Figures from the German Center Automotive Research show that an electric car, which costs just over DKK 340,000 from the factory, has become DKK 2,500 more expensive to lease than it was three years ago.

There is significantly less uncertainty about the corresponding petrol car. Also when it comes to resale value. Therefore, it has become slightly cheaper to lease than three years ago. But it's not much. On the other hand, higher fuel costs should be expected as a starting point.

According to the research firm Autovista, electric cars have a lower resale value today than before the pandemic compared to petrol cars.

Read more exciting news from and about the world of cars right here!

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