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EV Financing Options

Date: Sept 28, 2023

2023 BMW i7 Electric charging

Electric vehicles (EVs) are becoming an increasingly popular option for Miami drivers thanks to lower prices and more public charging stations in the Fort Lauderdale area. You’ll save on fuel costs for sure, but also on maintenance because EVs have fewer moving parts. If you’re interested in EV financing options, you’ve got some leeway when you want to lease or buy an electric car from BMW of Fort Lauderdale.

Read our guide as you consider if you should buy vs. lease an EV.

EV Financing Options: Buying Is Looking More Attractive

More and more people are questioning if they should buy vs. lease an EV now that the technology has improved greatly in the last 10 years. And prices have come down, too, now that more and more automakers are investing in EVs from now to 2030. 

Yes, you lease a brand-new car every two years when you look to buy vs. lease an EV for your Hollywood garage. But EVs already have a lot of high-tech features that automakers like to showcase. Plus, buying an EV gives you unlimited mileage options.

EV Financing Options: Range Is Improving

Whether you want to lease or buy an electric car, the range of these new vehicles has gotten longer in just eight short years. In 2015, the top-rated EVs got 100 miles per charge. Now, they exceed 300. All of BMW’s EVs, including the BMW iX, i4, i5, and i7, get at least 250 miles of range.

Lease or Buy an Electric Car With Incentives

There has been a lot of talk about incentives. Starting in 2024, certain EVs are eligible for a $7,500 incentive that amounts to a discount when you pay for your electric vehicle. In previous years, you had to wait until tax time and use the $7,500 amount as a deduction to lower your overall tax bill. Talk to our team about which BMW EV might be eligible for your $7,500 discount, so you can lower your auto loan or lease amount. You might even purchase a new EV that’s less expensive than a gasoline-powered counterpart.

Lease or Buy an Electric Car at BMW of Fort Lauderdale

Ready to put a new BMW in your Coconut Creek garage? Call , or schedule a test drive with our team. We think you’ll be impressed with our selections of EVs on our lot! While you’re here, apply for financing to see if an EV fits into your lifestyle and budget in Fort Lauderdale.

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 6:00 PM
  • Sun12:00 PM - 6:00 PM
Service Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 5:00 PM
  • SunClosed
BMW of Fort Lauderdale 26.1051997, -80.1371954.