Questions to Ask Before Buying an Electric Car

2024 Cadillac Celestiq
 

Electric vehicles (EVs) are more popular now than ever before. A lot of Morrisville and Apex drivers are switching from gas to electric, because EVs offer fuel savings and environmentally-friendly performance benefits. Models like the Cadillac LYRIQ were designed with state-of-the-art technology, such as an electrified powertrain and cutting-edge features. Before you make the switch, you probably have some questions to ask before buying an electric car. We’ve got you covered! Keep reading to learn more about what to consider in the meantime. 

 

 


What to Know Before Buying an Electric Car

What is an EV’s Range? 

Range is one of the most important factors to consider before buying an EV. How far an EV can go on a single charge will determine whether it’s a good fit for your lifestyle. Do you keep most of your commutes local? Or, do you want an EV that can handle a road trip? The Cadillac LYRIQ, for example, can travel up to 314 miles on a full charge. That’s nearly the equivalent of a gas-powered car’s range on a full tank. 

Where & How Will You Charge Your EV?

Rather than stopping at a local gas station for fuel, an EV will need to be charged at an in-home or public charging station. Charging is available at three levels: 

  • Level 1 Charging — The most accessible and also the slowest; it can take over 24 hours to fully charge an EV. Level 1 charging involves using a standard 120-volt household outlet. 
  • Level 2 Charging — This is the most convenient charging method. A Level 2 charger can be a home, workplace, or public charging station. Using a Level 2 charger you can give your Cadillac LYRIQ up to 51 miles of range in an hour. 
  • Level 3 Charging — Also known as fast charging, Level 3 chargers are only available at public charging stations. This charger will give you EV quite a bit of range in about half an hour.

What EV Incentives Can You Take Advantage Of?

In general, EVs are more expensive than gas-powered vehicles. But, you may be able to take advantage of federal, state, and local government incentives that’ll help you save on the car and/or the home charging installation. Our finance center can give you more information on the types of incentives you might qualify for! 

Will You Still Need a Gas-Powered Vehicle?

No, you won’t need a gas-powered vehicle as a backup. Electric vehicles, such as the Cadillac LYRIQ, can be driven in your daily life. As long as you keep up with routine charging, your EV will serve you well, whether you’re running errands around Apex or taking a road trip outside of Durham. 

Should You Lease or Buy an EV?

“Should I buy or lease?” is one of the most common questions our team is asked. As mentioned above, EVs are usually more expensive than gas-powered vehicles, but you can buy or lease the vehicle you want. Leasing is a smart choice for drivers who want a new vehicle every few years, while buying is a good option for those who want to eventually own their vehicles. Our finance team will help you work out the details. 

Find an EV for Sale at Hendrick Cadillac Cary Today! 

We hope you feel more confident about purchasing an EV! Contact Hendrick Cadillac Cary online or at (919) 342-8209 if you have any additional questions to ask before buying an electric car. Review our Cadillac research hub for more information about the Cadillac EVs and their exciting benefits. 

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All prices exclude all taxes, tag, title, registration fees and government fees. Out of state buyers are responsible for all taxes and government fees and title/registration fees in the state where the vehicle will be registered. All prices include all manufacturer to dealer incentives, which the dealer retains unless otherwise specifically provided. Dealer not responsible for errors and omissions; all offers subject to change without notice; please confirm listings with dealer.
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Additional Disclaimers:
Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between December 1, 2023, and January 12, 2024, and finance through a participating dealer and lender have the option to defer monthly payments for 90 days from contract date. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. May not be combined with other preferred lender financing offers. 72 months maximum term limit. Equal monthly payments only. Not available to Pennsylvania residents; see your dealer for details. Must take retail delivery by January 12, 2024. See dealer for complete down payment options and details.

1. Monthly payment is $29.04 for every $1,000 financed. Average example down payment is 21%. Some customers may not qualify. Not available with lease and some other offers. Take new retail delivery by 1/2/24. 2. MUST FINANCE THROUGH CADILLAC FINANCIAL. Some customers may not qualify. Not available with lease and some other offers. Take new retail delivery by 1/2/24. ©2023 General Motors. Cadillac Financial and the Cadillac logo are trademarks and/or service marks of General Motors LLC, used with permission. Cadillac Financial is a division of GM Financial. All rights reserved. Cadillac® XT5® XT6® *Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between November 1, 2023,and November 30, 2023, and finance through a participating dealer and lender have the option to defer monthly payments for 90 days from contract date. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. May not be combined with other preferred lender financing offers. 72 months maximum term limit. Equal monthly payments only. Not available to Pennsylvania residents; see your dealer for details. Must take retail delivery by November 30, 2023. See dealer for complete down payment options and details.

1. Excludes 2024 CT4-V Blackwing and CT5-V Blackwing. Monthly payment is $29.04 for every $1,000 financed. Average example down payment is 18.4%. Some customers may not qualify. Not available with lease and some other offers. Take new retail delivery by 1/2/24. 2. Not available with lease and some other offers. Take new retail delivery by 1/2/24. . *Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between November 1, 2023,and November 30, 2023, and finance through a participating dealer and lender have the option to defer monthly payments for 90 days from contract date. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. May not be combined with other preferred lender financing offers. 72 months maximum term limit. Equal monthly payments only. Not available to Pennsylvania residents; see your dealer for details. Must take retail delivery by November 30, 2023. See dealer for complete down payment options and details.

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