Thanks to a newly-announced partnership with Inspiration Fleet, the world’s first EV-only fleet management company (eFMC), EV subscription platform Ferry is now offering short-term

Tesla

leases to drivers in

Austin

You’ve got your Netflix subscription, your meal kit subscription, and that funky skincare subscription your friend bought you—is it time to level up with an EV subscription? If you’re living in the Austin area, you’ll want to know all the details about this latest all-electric collab.

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You could lease a Tesla Model 3 for just $799/month

Electric vehicles are having a moment—if that’s the right word for what promises to be a complete reimagining of the American driving experience. But most of the best EVs are still too expensive for an average driver to purchase—and even leasing is often outside the price range of many Austin drivers.

Enter Ferry and its new partner, Inspiration Fleet. Just what are these companies? Ferry, as its website proclaims, is more than a company—it’s a feeling. But, okay, it’s an EV leasing company with an app that promises to let you sign a 6-, 12-, or 24-month lease for the electric car of your choice without leaving the couch. Until recently, though, many of Ferry’s offerings were electric scooters. Not exactly the EV of your dreams.

That’s where Inspiration Fleet comes in. Inspiration Fleet is a fleet management company working to remake automotive infrastructure in the image of the electron. By partnering with Ferry, they’re making it possible for Austin drivers to lease

Tesla Model 3

and

Model Y

EVs for just $799/month and $999/month, respectively.

Is it better to lease or buy an EV?

With electric vehicle technology developing by leaps and bounds, EVs are becoming an increasingly popular purchase. Just look at the battery-electric Ford F-150 Lightning, which sold out before a single vehicle arrived at dealerships! (If you want to lease an F-150 Lightning with Ferry, you’ll need to get on a waitlist.)

With the market booming, is now the right time to buy an electric vehicle—or is it smarter to lease? One thing’s for sure: electric vehicles are better now than they’ve ever been. If you’re in the market for a new car, it’s worth considering an EV for fuel savings and improved environmental impact.

But buying an EV isn’t the right choice for anyone. You might be better off leasing an EV if:

You’ve never driven an EV before and want to see how you like it before you make a big investment

You don’t have the budget to finance a new EV but could manage a lower lease payment

You want to drive an EV for the environmental impact, but hope to go car-free in the future

You’re living in an area with good EV infrastructure but expect to move to a different area in the near future

MORE:

Affordable electric cars that fit your budget

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