{{ Edited by mod: A looooooong series of threads were flagged as "off-topic" (which they were) and many were mean-spirited . They were all removed. }}
This post simply left as a 'reminder' to try and keep things on topic, please.
PackardV8 wrote:paulgipe wrote: From these forums we learned that the technology is changing so fast that it made sense to lease.paulgipe wrote: Also, as a US resident with a low income, the federal subsidies were useless to us, so leasing became the best strategy. . . . We got a hell of a deal on our lease ($250 USD/mo total) so it's unlikely buying it will be wise as the residual should be fairly high.
Without knowing your details; how much down, miles allowed, et al, that does seem like a great lease deal. We'd have definitely considered one of those, but GM and our dealer were nowhere near that. IIRC, it was on the order of $5000 down and $335 a month. We were also able to use the tax credit, so buying worked for us.
jack vines
paulgipe wrote:PackardV8 wrote:paulgipe wrote: From these forums we learned that the technology is changing so fast that it made sense to lease.paulgipe wrote: Also, as a US resident with a low income, the federal subsidies were useless to us, so leasing became the best strategy. . . . We got a hell of a deal on our lease ($250 USD/mo total) so it's unlikely buying it will be wise as the residual should be fairly high.
Without knowing your details; how much down, miles allowed, et al, that does seem like a great lease deal. We'd have definitely considered one of those, but GM and our dealer were nowhere near that. IIRC, it was on the order of $5000 down and $335 a month. We were also able to use the tax credit, so buying worked for us.
jack vines
Jack,
Details of the lease deal are at Our Lease of a Chevy Bolt and What it Cost Us and an update at Net Cost of a Lease for a 2018-2019 Chevy Bolt EV in the San Joaquin Valley
Here's the gist.
10,000 miles
0 down, 0 drive off
three year lease (required by California)
$250/mo for 36 mos.
But yes, if we decide we want to keep this Bolt at the end of the lease it won't make sense financially as the residual will be too high. We'll have to buy another used Bolt with all that entails.
Paul
SparkE wrote:There should be several new vehicles for sale in 2020 that are "better" than today's Bolt (if the exact same model is avail next year). If there are two or three different vehicles that are about 240 miles of range, for about $38K, and you can get $7500 fed tax credit AND $2500 (or more) state rebate, then a 3-year-old Bolt should be worth less than $25K (since one can get something slightly better and "new" for $28K after rebates/credits).
BoltEV wrote:SparkE wrote:There should be several new vehicles for sale in 2020 that are "better" than today's Bolt (if the exact same model is avail next year). If there are two or three different vehicles that are about 240 miles of range, for about $38K, and you can get $7500 fed tax credit AND $2500 (or more) state rebate, then a 3-year-old Bolt should be worth less than $25K (since one can get something slightly better and "new" for $28K after rebates/credits).
Since you have done the research, which 240+ range BEVs for about $38K will be released in 2020?
And I thought I read that the $7,500 federal tax credit starts to phase out next year?
BoltEV wrote:SparkE wrote:There should be several new vehicles for sale in 2020 that are "better" than today's Bolt (if the exact same model is avail next year). If there are two or three different vehicles that are about 240 miles of range, for about $38K, and you can get $7500 fed tax credit AND $2500 (or more) state rebate, then a 3-year-old Bolt should be worth less than $25K (since one can get something slightly better and "new" for $28K after rebates/credits).
Since you have done the research, which 240+ range BEVs for about $38K will be released in 2020?
DucRider wrote:Kona & Niro are the 2 coming with that range and price. LEAF Plus will have 226 and likely also to be $37,495
Larry Kudlow, director of the White House National Economic Council, told reporters that electric car subsidies "will all end in the near future," adding 2020 or 2021 when asked for a timeline.
BarfOMatic wrote:{{ Edited by mod: A looooooong series of threads were flagged as "off-topic" (which they were) and many were mean-spirited . They were all removed. }}
This post simply left as a 'reminder' to try and keep things on topic, please.