ssspinball wrote:I will almost certainly be leasing as car technology (powertrain + autonomous driving) is changing at the fastest rate in the history of the automobile and it makes economic sense to take advantage of EV rebates multiple times while they still exist.
oilerlord wrote:Are you guys buying or leasing?
michael wrote:oilerlord wrote:Are you guys buying or leasing?
I think it's a big mistake to buy at EV at this time. Lease and let the manufacturer and/or bank take the risk of huge depreciation due to product improvements. And as pointed out above, take advantage of the tax benefits...they won't last much longer
roundpeg wrote:michael wrote:oilerlord wrote:Are you guys buying or leasing?
I think it's a big mistake to buy at EV at this time. Lease and let the manufacturer and/or bank take the risk of huge depreciation due to product improvements. And as pointed out above, take advantage of the tax benefits...they won't last much longer
You can't escape this problem simply by leasing, since the residual value of the car at the end of the lease is part of the deal. You are paying for the depreciation by other means. No free lunches.
DucRider wrote:Sometimes you can. It is not unusual on EV's for manufacturer leases to have an artificially high residual (one of the ways they lower monthly payments). It can be cheaper (but no guarantees) to lease for 3 years, then negotiate a lower price (true market value) to purchase the car at the end of the lease.
It's not likely that GM will be doing this when demand is high, but worth looking at before deciding. Anything above about a 41% residual on a 36 mo 12K per year lease I would consider artificially high.