BoltEV wrote:rjbailey wrote:Now I'm tempted to just bring in a check at lease end and be done with it. Plus, I'd keep my red CA HOV stickers. What would y'all do?
Sales tax is a big factor in California. When you purchase the lease at the residual you must also pay the outstanding sales tax (and license fees of course).
Consider, as I did, a new purchase with “loyalty” discounts for a 2020 model with the newest HOV stickers.
Approaching my mileage limit last year, I purchased a new Premier 2019 msrp $44,250 for $36,500 out the door, instead of my 2017 residual at $25,000 plus tax and license.
On the one hand I agree with BoltEV - getting a car 3 years newer, with 30-45K fewer miles, for a "small" price difference ($10K) is tempting.
However, when it is time for me/us to get a second EV (not the original question, I admit), I will be seriously looking at used prices. (Again in agreement with BoltEV) I will be comparing prices on used Bolts with "new, but sold with amazing rebates/incentives from GM" Bolts.
However, remember that the Bolts started "really" shipping in Jan of 2017 (< 600 shipped in Dec '06) and it wasn't until halfway through the year that they were available in more than a few states. So not that many have really hit the used market yet; the (possible) lease return "glut" hasn't really kicked in yet. I would expect that the few available are being snapped up (by those in areas that were poorly serviced before, using internet used car sales conduits).
My guess is that 2017 Bolts will be selling for around $15K (or less for high-mileage units) pretty soon (next 8 months or so).
Saving $15-$20K is rather tempting (there are already some avail *today* in CA for right around $20K).