The popularity of electric cars continues to soar, but for many, the idea of purchasing a brand-new EV can feel daunting. Fortunately, buying pre-owned EVs offers a great alternative.
In fact, recent statistics show that 77% of all car purchases in the UK in 2023 were for pre-owned vehicles.
So why are so many people opting for pre-owned rather than new? Let’s explore some of the key benefits:
1. Lower Weekly Payments
One of the most appealing aspects of choosing a pre-owned Rent-To-Buy car is the lower weekly payment compared to new models. Let’s take the Kia Niro EV2 as an example:
New Kia Niro EV2: From £215 per week
Pre-owned Kia Niro EV2: From £179 per week
That’s a weekly saving of £36!
For many, this significant cost reduction can make EV ownership much more accessible and manageable.
2. Lower Down Payments
Upfront costs are another reason people choose pre-owned vehicles. A lower down payment can help drivers get on the road faster, without breaking the bank.
New Kia Niro EV2: £500 down payment
Pre-owned Kia Niro EV2: £99 down payment
You save £401 upfront.
By lowering the entry barrier, pre-owned cars offer an affordable way to start driving an EV sooner.
3. You’ll Own It Quicker
Buying a new car often means committing to a longer-term rent-to-buy agreement, but with pre-owned EVs, you can own the car faster. Typically, you can own a pre-owned car within 2.75 years, whereas a new car takes five years to fully pay off. This faster ownership period provides added flexibility and financial freedom.
4. Warranty and Peace of Mind
Many people hesitate to buy pre-owned because of concerns over reliability. However, at WeFlex, all pre-owned EVs come with a 4-week warranty, giving buyers extra peace of mind. Plus, many pre-owned vehicles are still covered by the manufacturer’s original warranty.
Every WeFlex pre-owned car also undergoes thorough inspections before handover, ensuring that drivers can enjoy their new EV with confidence, knowing it has been carefully vetted for quality and safety.
Why Are Pre-Owned EVs So Popular?
The benefits of choosing pre-owned vehicles are clear: lower costs, faster ownership, and peace of mind. With an increasing number of drivers making the switch to EVs, pre-owned models present an affordable and practical way to enjoy electric driving without the high upfront costs of a new car.
If you’re considering making the move to a pre-owned EV, browse our in-stock options today, and get on the road sooner than you think!
Need help finding your perfect PCO car for Uber?
Sources:
Society of Motor Manufacturers and Traders (SMMT), Q3 2023 Used Car Sales Report(
SMMT Media Centre).
Car Dealer Magazine, "Sales of new and used cars expected to boom in 2023"(
Car Dealer Magazine).
Regit, "Used electric car sales increase by 90.9% in 2023, setting record numbers in the UK"(
Regit | Your Digital Garage).
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