Fisker's woes are another reason to consider leasing an EV over buying

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Fisker customers are worried about how a potential bankruptcy could impact service needs. Some Fisker owners probably wish they had leased over buying. There are several reasons to consider leasing an EV over buying. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement Fisker has said it could go out of business by the end of the year. As it searches for a lifeline, owners of its vehicles are desperately asking what will happen if they miss out on future tech updates and service needs. Some Fisker owners who purchased their vehicles outright may now be wishing they had leased instead. To be sure, the vast majority of EV owners don't have to worry about the maker of their vehicles imminently going out of business. But Fisker's issues do highlight some of the benefits of leasing over buying, particularly in the EV market, which features limited used-market pricing data and few insights into long-term battery degradation. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .