Extend your electric vehicle lease by 1-2 years: save costs and drive sustainability
As the battery electric vehicle (BEV) market continues to evolve, many fleet managers and individual drivers face uncertainty about their next move. With new models on the horizon and an unpredictable economic climate, a shorter-term lease might be for you. If you’re already leasing an electric car with Ayvens the easiest and most cost-effective solution is to extend your lease by 1-2 years.
Why extend your lease?
Flexibility in uncertain times The EV market is rapidly developing, with new models featuring enhanced technology and increased efficiency being introduced each year. By extending your lease, you gain the flexibility to wait for newer models and not having to commit for a longer period, while maintaining the reliability of your current fleet.
Cost savings for you Extending your lease, spreads the depreciation costs over a longer period, leading to lower monthly payments. This can help you manage budgets more effectively. Instead of committing to a new contract with potentially higher costs you can extend your current lease to keep costs stable and you can allocate these savings to other priorities.
A longer contract may also be attractive to the company car driver because extending the contract may offer a tax advantage if the car moves from age group A to age group B tax bracket. See the tax authorities' guidance on the basis for calculating benefits in kind.
Better for the environment By driving your current EV for a bit longer you’re reducing the demand for new vehicles. Fewer new cars mean less energy used in production, fewer raw materials consumed, and fewer emissions.
Battery technology is better than expected
Recent research* indicates that electric vehicle batteries retain more capacity than previously expected, with an EV driven for approximately 200,000 kilometres maintaining an average of around 80% of its original battery capacity, demonstrating slower degradation than originally assumed. A study by the SLAC-Stanford Battery Center** further revealed that under real-world driving conditions, these batteries may last a third longer than earlier estimates, challenging traditional lab testing methods and emphasising the positive impact of actual driving behaviours on battery longevity. This advancement in battery technology suggests that extending your current battery electric vehicle (BEV) lease shouldn’t be an issue, as the longevity and reliability of the battery are greater than previously thought.
** https://www.p3-group.com/en/p3-updates/battery-aging-in-practice/
** https://news.stanford.edu/stories/2024/12/existing-ev-batteries-may-last-up-to-40-longer-than-expected*
How does it work?
Our customer service will help you with the details and help you find options tailored to your company's needs, ensuring an easy transition to longer leases or possible extensions to existing contracts. Lease extensions are simple. Our customer service team will explain what's possible and calculate the new lease and the costs you'll save.
If you have a private lease, you can ask for a longer lease from customer service.
