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Selecting the right EV for you

Selecting the right EV for you

The best time to purchase an electric vehicle in Canada is in 2022. Obviously, we could go on and on about the amount of money you could save and the greatest EVs, but that would be like telling you which footwear is best for your foot.

The only way to determine which is superior is to test-drive them.

We will discuss some of the most significant considerations when selecting the right EV for you.

Have your bills been paid on time?

Your credit score is the first topic that must be discussed. EVs may easily cost over $35,000, so if your credit isn't stellar, this is a fantastic opportunity to improve it.

By improving your credit score today, you will find it easier to pay for items in the future.

Credit monitoring programs, such as Credit Karma, allow you to review your credit report and score for free.

Because each lender and credit reporting agency (in Canada, there are only two) has its own scoring mechanism, the credit score that these applications provide is not an exact reflection of your actual credit score.

If you have a low credit score, it is likely due to excessive debt. Paying off your debt is the most effective and cost-efficient solution to this issue.

If you do not already have a budget, now is the time to create one. A budget indicates how much money you have available to pay off current and future debts.

Is your home prepared for a level 2 charger?

If your older home has only a 100-amp electrical panel, you may want to consider an upgrade. Don't fret, however.

The government and several automakers offer subsidies to

This cannot be installed by yourself because it involves electricity, which could result in a fire or possibly your death if not performed by a certified electrician.

If you have a level 2 charger installed in your home, you may easily recharge your vehicle by plugging it in at the end of the day.

How to get the greatest deal on a new electric vehicle

No matter where you live in Canada, you must work with a local dealership to receive the greatest offer on an electric vehicle with affordable financing conditions.

The dealership will be able to assist you in obtaining finance that you were unable to locate elsewhere, no matter how hard you looked.

When negotiating with lenders, the dealership has considerable bargaining leverage. Even if you have poor credit, the dealership can approve you for financing.

Now that you are aware of how to get a great bargain on an electric vehicle, you should contact a nearby dealership to schedule test drives.  You're one step closer to selecting the right EV for you.

You have nothing to lose and will be completely blown away by the pleasure of driving an electric vehicle.


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Categories: EV motoring