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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$799.00 Dealer Administrative Fee not included in advertised price.

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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 May 1 2025 and May 31, 2025, 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 May 31, 2025. See dealer for complete down payment and interest rate options and details.

*2.9% APR for 60 months for well-qualified buyers when financed w/Cadillac Financial. Monthly payment is $17.92 for every $1000 you finance. Average down payment is 18.6%. Some customers will not qualify. Take new retail delivery by 06-02-2025. **Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between May 1 2025 and May 31, 2025, 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 May 31, 2025. See dealer for complete down payment and interest rate options and details.

*For Current Owners and Lessees of 2011 model year or newer Cadillac vehicles : Each dealer sets own price. $529/month for 36 months. Your payments may vary. Payments are for a 2025 CADILLAC LYRIQ 2WD Luxury w/RWD with an MSRP of $60,090. Based on due at signing amount of $4,909 (after all offers). 36 monthly payments total $19,044. Must show proof of ownership/lease. Option to purchase at lease end for an amount to be determined at lease signing. Lessor must approve lease. Take new retail delivery by 06-02-2025. Lessee pays for maintenance, repair, excess wear and disposition fee of $595 or less at end of lease. No security deposit required. Payments may be higher in some states. Not available with other offers. **Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between May 1 2025 and May 31, 2025, 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 May 31, 2025. See dealer for complete down payment and interest rate options and details.

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