Creative EV Financing: Smart Ways to Drive Electric
Download MP3🔹 Exploring a New EV Financing Option
A new company is offering a unique way to finance electric vehicles, allowing borrowers to defer up to 20% of their loan amount as a balloon payment at the end of the term. In this episode, we break down how this financing model works and discuss its potential risks and benefits.
Key Topics Covered:
✅ Understanding balloon payments and how they compare to traditional car loans
✅ The flexibility of deferred payments and how they impact monthly installments
✅ How tax credits can be used to offset the balloon payment
✅ Interest implications on deferred payments
✅ The role of ESG (environmentally focused) funding in lowering interest rates
✅ The potential financial risks of EV depreciation and how it affects resale value
✅ Best practices for maintaining EV battery longevity
✅ Features of the lender’s app, including tracking tire pressure and savings comparisons
✅ The flexibility of deferred payments and how they impact monthly installments
✅ How tax credits can be used to offset the balloon payment
✅ Interest implications on deferred payments
✅ The role of ESG (environmentally focused) funding in lowering interest rates
✅ The potential financial risks of EV depreciation and how it affects resale value
✅ Best practices for maintaining EV battery longevity
✅ Features of the lender’s app, including tracking tire pressure and savings comparisons
💬 We Want to Hear from You!
Have you used this lender’s financing option? Are you a dealer who has worked with them? Let us know your experience!
Have you used this lender’s financing option? Are you a dealer who has worked with them? Let us know your experience!
🎧 Tune in now and stay informed about innovative EV financing strategies!
