Skip to main content
November 14, 2023   •   News  

Auto Loan Expert Debunks Electric Vehicle Myths, Explains What to Look for in a Used EV

Folsom, Calif. – (Nov. 14, 2023) – There hasn’t been a better time yet to buy an electric vehicle than right now, explains auto loan expert Lawrence Lomeli on a recent televised “Studio 40 Live” segment.

With electric vehicle prices coming down, Lomeli, SAFE’s assistant vice president of consumer lending, explains to hosts Gary Gelfand and Scott Moak that there are more EV model varieties with extended driving ranges making their way into the marketplace.

Lawrence Lomeli group photo SAFE Assistant Vice President Consumer Lending Lawrence Lomeli (center) with Fox Studio 40 Live hosts Gary Gelfand and Scott Moak.

“They are starting to catch the wave at about 8 percent market share right now,” Lomeli says.

Lomeli shares his expertise in front of a Ford 150 Lightning electric truck provided to the show by Elk Grove Ford. “This is used for hauling and towing,” he says. “We are starting to see some of these specialty vehicles hit the market. And it’s a great time (to buy) with the selection available.”

Lomeli also dispels common electric vehicle charging myths, gives tips on tax incentives and provides insight into what to look for when purchasing a used EV. Watch Lomeli’s televised segment to see more tips.

For more information email [email protected].


About SAFE

SAFE Credit Union has made members an integral part of its vision since 1940. Over the years the credit union has kept the focus on what really matters, putting members first, a formula that has seen SAFE grow into a leading financial institution in Northern California with $4.7 billion in assets and about 236,000 members. SAFE crafts every cutting-edge product and sterling service with members’ needs foremost in mind. In addition to banking services conveniently available through online, chat, mobile, or phone options, SAFE offers in-person services for members and small businesses at service centers across the Greater Sacramento region. SAFE is a not-for-profit, state-chartered credit union with membership open to businesses and individuals living or working in Sacramento, Placer, Yolo, El Dorado, Sutter, Butte, Nevada, Solano, San Joaquin, Contra Costa, Yuba, Amador, and Alameda counties. Insured by NCUA.


Hi! Let’s get started.

Need help logging in?

Not enrolled? Get Started!