The best way to find financing for your electric car or other EV is to talk to the local branch of your bank or Credit Union where you have an established relationship. As more and more electric cars and EVs become available, financial institutions will begin to offer competitive loans to potential EV owners.

Here are some steps to take while looking for the best financing on your new electric vehicle:

1. Inquire about service fees charged by electric car dealerships. Request that these fees be part of the final finance agreement, cutting down on your initial financial burden.

2. Apply for a vehicle loan through a local bank to help you finance your electric car purchase. A national bank with a branch in your town will have the resources and specialty services to help you pay for this unique purchase.

3. Remember to place your initial deposit for an electric car as you work on a finance agreement. Retailers like EVCARCO will allow you to apply the deposit given during the waiting period toward the final purchase price.

4. Speak with a sales representative from an electric car company about trading in your old vehicle to cut down the purchase price. Some companies that sell electric cars have technologies to increase gas mileage or reduce CO2 output for your trade in and will resell it after adding these technologies. They may also have connections to body shops and custom builders who can use car bodies for reconditioned electric vehicles.

5. Include the state fees for registration, license plates and title in your finance agreement. These fees will pale in comparison to the purchase price, but monthly payments help spread out the burden.

6. Add up the costs of maintenance and optional packages offered by the electric car dealer as you iron out a finance agreement. Research the best deal on optional packages and specialty repair shops in your community to install them.