HousingDec 17, 2017

Leasing an electric car?

Is there anyone leasing electric cars? Do you like it? How does the state rebate work? Honda Clarity looks way cooler than Nissan Leaf and Chev bolt. For 2017 Honda Clarity, $199 per month, it's pretty much what I spend on gas per month. Looks like I only paid for the gas with a decent free car for three years.

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Upgrade Upg=LC2.0 Dec 17, 2017

Own. Build equity

LinkedIn zwKL72 Dec 17, 2017

Do he math. Electric car may last you 10 years if you are super lucky. So how does (purchase price + maintenance)/10 yrs compare to lease price/3 years? Cars are never equity. They will inherently be worth nothing sooner or later.

Uber (👈👉) Dec 17, 2017

Cars, especially electric, are depreciating assets. All the “equity” you build up immediately goes into depreciation.

LinkedIn zwKL72 Dec 17, 2017

Lease. Can’t beat price. I leased my leaf for $220/month nothing down. Dealer takes the federal credit. You may be eligible for California one but probably make too much money to qualify. I love my LEAF. Fun to drive and cheap. It wouldn’t work for me as an only car but my wife has a long range conventional car.

Facebook pperf OP Dec 18, 2017

Exactly, my wife has a Camry and I'm looking for a commute car. In terms of costs it looks great, it can get charged for free in company parking lot.

Amazon Benny Lava Dec 18, 2017

EV depreciation is very wild, lease protect you from huge drop in case you want to sell or found design defects.

Oracle hajime Dec 18, 2017

No brainer since you have a regular car already.

T-Mobile SkinMask Dec 18, 2017

Leasing cars seems very smart unless you have the time and education to perform all your own maintenance over a 10 year period to maintain the asset as a good used car sale. I have no interest in changing my own oil, rotating and replacing tires, changing break parts, repairing stains, leather wear, cleaning seat belts, etc. I would rather give the thing back after 3 years and get a brand new one.

Facebook pperf OP Dec 18, 2017

Exactly, I heard that it's easier to maintain an electric car as there's fewer mechanical parts.

LinkedIn zwKL72 Dec 18, 2017

There isn’t that much maintenance work and it is simple. All modern cars tell you when you need to go to the shop. The dealer takes care of the rest. It’s really pretty simple.

The Home Depot Rowsdower Dec 18, 2017

Buying a 2-3 year old cars in good condition and selling after 3-4 years is much cheaper than leasing

T-Mobile y73h92e Dec 19, 2017

Sounds like a lot of work.

Microsoft Doe Dec 19, 2017

The new leaf looks bad ass! I'm hoping to lease it

Facebook fakky Dec 23, 2017

I leased my spark for 2000 down payment and 100 monthly payment. After that got CA rebate 2500. So basically it costs like Comcast bill. And charge is free.

Microsoft CodeMonkas Dec 23, 2017

What sort of mileage do you get on it