Why Leasing An EV Makes Dollars And Cents

Vinfast VF8 Front View Driving

    There are many opinions about leasing versus buying, and both have merits. However, buying a new electric vehicle is not always the best decision, as this article will discuss. VinFast is a young company, especially here in the United States, and while they are building and advancing at a high rate, that is one of the reasons why leasing is the better option for new VinFast customers. 

Tax Credits

One constant, regardless of whether you purchase or lease a car, is that you will still be eligible for any state and federal tax incentives offered to EV customers. So, the $7,500 federal tax credit and whatever state tax credits are offered are available to customers buying or leasing a new electric car. 

Faster Advancements Than Ever Before

The main reason experts advise customers to lease an EV instead of buying comes down to one simple reason: battery technology. There was a time when advancements in battery technology took a decade or more. But these days, every 3-5 years, there are significant shifts in battery performance, cooling, range, cost, and even charging speeds and capacities. 

Quality and Reliability Standards

Along with technology seeing faster leaps forward, so do production standards and quality control issues. Young electric cars used to have body panel fitment issues, and there were some reliability concerns and frustrations when it came to interior quality. Now, though, panel fitment issues are mostly a thing of the past, and overall interior reliability and quality are way up. New EV customers are constantly raving about the comfort and vast amounts of interior space that just isn’t possible in a conventional gas-powered car due to transmission tunnels, large engine bays, etc., needed to house all of the things that make an internal combustion engine car work. 

Design Evolution

Another luxury of modern EVs is the constant evolution of designs. Lots of electric cars of the past were either former gas engine cars with batteries transplanted into them, or they were new designs without any real character that made people fall in love with them. A mainstay of car culture is the look and appeal of a car’s style. People always talk about the beautiful and creative designs of cars from the 1950s and ‘60s, but no one talks about a 2010 Tesla. However, that is changing. VinFast products have a soulful style and presence, and the VF7, VF8, and VF9 each have their unique way of making new customers fall in love with their vehicle as they walk up to it. 

Vinfast Electric Vehicle VF8 InteriorVinFast Will Make You Fall In Love

It has long been said that you can tell a car is beautiful by how many times you turn around to look at it as you walk away. The VinFast line of SUVs builds on that ethos in the EV world. And thanks to great lease specials, you can rest assured that there are plenty of advancements in technology and features that will keep you a VinFast client for years to come. 

At Ewing VinFast of Plano, we have the best prices on dozens of new VinFast EVs and used cars. Our well-educated sales staff and finance department will happily assist you with your EV questions and needs. Our fantastic service department will ensure that your vehicle stays in the best condition. 

We look forward to serving you.

The VinFast VF8 Against The Rest

Red Vinfast VF8 driving outside Vinfast dealership.

 

Even though the 2024 VinFast VF8 is new to the market, it has plenty of tricks up its sleeve and a lot of great standard features that put it right up against some of the best electric vehicles out today. With good power, features, and technology for a good price, the VF8 may be new, but it’s mature.

 

Features Like No Other

 

Buying a new EV can be daunting for newcomers to the electric car world. There are lots of options from many automakers. The VinFast VF8 has a base price of $47,325, with fully loaded models hitting $55,000, which is the price of some base EVs in this segment. There are a host of brilliant safety and technology features, including being the only vehicle in its class with Sony RIDEVU, a revolutionary way to watch over 2,000 Sony movies on your car’s infotainment screen or your smartphone. 

 

Standard AWD and Dual Motors

 

Each VF8 model, whether you buy the Eco or Plus trim, comes with standard all-wheel drive and an 87.7 kWh dual-motor battery system. All-wheel drive and a dual-motor battery pack are optional on the new Honda Prologue, Hyundai IONIQ 5 and 6, Kona, Kia EV6, Volkswagen ID.4, and the Chevrolet Blazer EV. Once you option all-wheel drive and two motors, all of those cars also have a higher base price than the VF8. 

 

 

A Superior Price and Features Than The Volkswagen ID.4

 

The VinFast VF8 has a good amount of range for buyers, with the base model having an EPA-estimated 264 miles, which is quite a bit more than the standard Volkswagen ID.4 with just 209 miles and rear-wheel drive. If you want all-wheel drive, ID.4 buyers have to spend roughly an extra $10,000, and the range only jumps to 263. The ID.4 with all-wheel drive has a base MSRP of $50,180 before any options are added, which is about $3,000 more than a well-optioned VF8. Unlike the Volkswagen, which can only tow up to 2,700 lbs in higher trim levels, all VF8 models can tow up to 4,000 lbs when properly equipped. 

 

Faster Than Most For Less

 

The VinFast is not meant to be a speed demon like some EVs out there. However, it still will get up and go, with a 0-60 mph time of just 5.0 seconds, which is not only faster than the previously mentioned Volkswagen ID.4’s 7.3 seconds, but also quicker than the Hyundai IONIQ 5, IONIQ 6, and Kona EV, as well as the Chevrolet Blazer EV RS’s 6.0 seconds. Amazingly, the VinFast is less expensive than the Chevy’s base price of over $50,000 before adding any options. The VF8 comes standard with a head-up display. However, that is a $2,620 option for the Blazer EV. 

 

 

Premium Without The Price

 

The new 2024 Acura ZDX has 278 miles of EV range, which is a little more than the VinFast VF8’s 264 miles. However, the base model’s $64,500 starting price is $18,000 premium, so is that really worth 14 extra miles?

 

A Warranty That’s Second To None

 

All of the EV models on the market have a pretty good warranty. The best you will see from most EVs from Chevrolet, Acura, Mercedes-Benz, Kia, Hyundai, Volkswagen, Honda, Audi, Jaguar, and the like is about 4-5 years up to about 60,000 miles of bumper-to-bumper coverage and ten years or up to 155,000 miles of warranty for the battery system. Every VinFast model comes with a 10-year, 125,000-mile bumper-to-bumper warranty and a 10-year, unlimited-mile battery warranty. That is the pièce de résistance that absolutely no one can compete with. 

 

At Ewing VinFast of Plano, we have the best prices on dozens of new VinFast EVs and used cars. Our well-educated sales staff and finance department will happily assist you with your EV questions and needs. Our fantastic service department will ensure your vehicle stays in the best condition. 

 

We look forward to serving you.