Finance – Page 3 – Ewing VinFast of Plano

As we have discussed before in the blogs about the VinFast VF8, and it is pretty common knowledge among experts and car buyers alike that it is best to lease an electric vehicle over purchasing one new. The reason for this is because battery technology is advancing at such a fast rate that within three to five years it is highly likely the battery pack in your EV is old tech compared to what is available on a brand new car.

Loads of Standard Features for A Good Price

The 2024 VinFast VF8 has two trim levels available: the Eco, which starts from $46,000, and the Plus, which starts from $51,800. As we have written about before, the VF8 comes standard with pretty much everything a car buyer would want, including a Head-Up Display (HUD), a suite of Advanced Driver Assistance Systems, and the best EV warranty of all production cars, which covers the battery system of the VF8 for ten years and unlimited miles, a dual-motor battery pack, and all-wheel drive.

Current VinFast Lease Offers

The current leasing specials for the 2024 VF8 have qualified customers able to pay just $199 per month with $0 down for 36 months for the base Eco trim or $249 per month for the Plus trim level. The lease allows for 10,000 miles per year. There is no car company, especially no other manufacturer of electric cars, that will over this.

Nissan Ariya vs. VF8

Nissan’s EV, the Ariya, has a base MSRP of $40,980 for the Engage FWD trim level, which is a bit less expensive than the VF8. Granted, the Ariya only has a range of 216 miles compared to 264 miles for the VF8 Eco. Nissan is offering their EV, which has a slightly lower base MSRP, for $289 per month for 24 months, with $4,119 due at signing. There is less range and fewer standard options, but higher monthly lease payments and more due before buyers can drive away.

The Germans vs. VinFast

Many luxury brands have nice EVs. However, they are all costly, especially for what you get. The BMW iX xDrive50 is a new SUV-like electric vehicle from the German brand. With $6,419 due at signing, owners can drive off paying $699 per month. It’s a similar situation when you look at leasing a 2024 Mercedes-Benz EQE 350+, which will cost you $7,093 at signing, only to still pay $599 per month over 36 months.

Ford and Chevy vs. VinFast

Let’s say you want something more American. If you want a Ford Mach-E Premium AWD 4P, you can have one for $307 a month for 36 months… after you put down $5,516. Or, you can go for one of the new Chevrolet EVs, the Blazer or Equinox EV. For a 2024 Equinox EV 2LT FWD, buyers can pay $299 per month for 24 months with $3,169 down or $369 per month for 24 months with $3,139 due at signing for a Blazer EV LT eAWD.

What Are You Really Paying For?

All of these lease “specials” beg the question: what are you really paying for? While each one of the previously mentioned EVs are nice vehicles, can you truly say you are getting more vehicle for your money? It doesn’t seem like it.

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.

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 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.