Can buying car help you to attain more than fulfilling dream and aspiration? It also can be your contribution to the cleaner environment. The concepts like alternative energy and green fuel that are highly discussed nowadays are closer to the reality than you will imagine. Continue reading to get more details and help you to make the right decision when buying electric cars for sale in San Diego. The electric vehicle industry still is in the infancy. However, with many countries government offering benefits and subsidies for the electric vehicles as well as encouraging the use, the demand is possible to pick up. The car manufacturers also have started launching the electric versions of certain models. Whereas there are some obvious benefits of the electric car, there’re a few challenges.
Advantages of the electric car
- The electric car doesn’t need expensive fossil fuel like diesel or petrol to run. Because of this, recurring cost will be lower in case of the electric cars
- The electric car causes very less air pollution since emissions from the electric car are lesser than traditional fuels
- This costs less for maintaining the electric car as it doesn’t need servicing as often as petrol or diesel one. It is because the electric car uses lesser components. However, the combustible engine (one used in fuel or petrol car) has got more moving parts, and need regular servicing.
Things to know
- As charging points still are limited, make sure your battery is charged adequately, particularly if you’re planning the long drive. The problem can be eased out once infrastructure improves as well as more charging points will be set up
- The electric car costs a bit more than the petrol or diesel version cars. It is because majority of its components are imported. However, with the competitive financing choices that are offered by the banks, issue of cost will get addressed.
- Currently, choice and availability of the cars are limited, compared to the traditional cars.
Getting bank loan for the electric cars
Suppose you are very keen to buy the electric car, you can avail loan from financial institution. Some bank offers the car loans for the new electric vehicles and other variants. Initially, loan can be available to the customers in the select cities. It’s available for salaried as well as self-employed individuals or non-individuals like partnership firm or Limited Liability Partnership or companies. Moreover, the salaried applicants will get around 85% of on-road cost of the car, whereas self-employed people will get around 80% of on-road price. Tenure for loan is over 84 months and 7 years. The on-road cost includes the ex-showroom price, road tax as well as insurance.