Government giveaways like tax credits is what people who take advantage of the first mover buyer of the Nissan Leaf which is the first mass produced electric vehicle. The Nissan Leaf is the first all electric and no emission vehicle from a major auto company. Taking advantage of new technology, a lot of people are hopping on the electric car band wagon. The reason behind some of these perks is that the government wants to stimulate demand on this electric vehicle. Knowing your fico credit score before hand will save you tons of time when it comes time to finance the Nissan Leaf.

This first electric car goes on sale in December and will be in 5 states at first. Many states will offer free charging areas to charge the Leaf so it is essentially getting a free ride. Nissan wants to sell half a million Leafs in 2 years. The Obama administration is backing this electric car and providing tax credits so we do not need to use foreign oil. The people who buy electric cars will see that they will save so much money without having to fill up at the pump every week. It will astonish you how much money you will actually save. One of the things that can get you in trouble is if you get stuck in a collections credit score situation and cannot get yourself out.

Earlier we briefly went over getting a car loan for the Leaf and how your fair isaac credit score greatly affects the interest rates and terms. The first auto company to dominate the electric car niche will likely have a stronghold over the other companies. Another more expensive alternative is the Chevy Volt which has been in production for which seems an eternity. Nissan’s marketing department is looking for a personal marketing touch that will also give it a lead. By doing this, Nissan is capitalizing on building their brand and image at the same time. With other companies like Toyota which has hurt their image with cars that do not meet safety standards, this is important.

Leave your comments about the electric car phase.