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Leasing EV is $5,000-$7,500 cheaper per year than "comparable" gas vehicles

Posted on 11/20/23 at 12:25 pm
Posted by Corinthians420
Iowa
Member since Jun 2022
6688 posts
Posted on 11/20/23 at 12:25 pm
LINK

quote:

The Ford Mach-E, for example, is $500 cheaper per month and nearly $7,500 cheaper per year versus a comparable gas-powered vehicle. And the Tesla Model Y, which has been the best-selling EV in America since its introduction, is $425 cheaper per month or more than $5,000 cheaper per year compared to its gas-powered equivalent.

Is leasing the answer to avoid the OT boogeyman of the $40k EV battery replacement that happens every 6 months?
Posted by Penrod
Member since Jan 2011
39546 posts
Posted on 11/20/23 at 12:27 pm to
Every six months?
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119384 posts
Posted on 11/20/23 at 12:28 pm to
quote:

$40k EV battery replacement that happens every 6 months?


6 years
Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
7555 posts
Posted on 11/20/23 at 12:29 pm to
quote:

Is leasing the answer to avoid the OT boogeyman of the $40k EV battery replacement that happens every 6 months?



It's the same as with a gas vehicle. Yes, if you want a new car every 2-3 years, leasing can be a viable option.

Hidden cost: Mot EV's are very expensive to insure versus an ICE vehicle. They get totaled easily and collision parts are not always readily available. Just ask any Tesla owner.

Posted by redstick13
Lower Saxony
Member since Feb 2007
38568 posts
Posted on 11/20/23 at 12:29 pm to
Can you lease them for 84 months? If not that eliminates your average US car buyer.
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83382 posts
Posted on 11/20/23 at 12:32 pm to
quote:

EV battery replacement that happens every 6 months?


wat?
Posted by fareplay
Member since Nov 2012
4908 posts
Posted on 11/20/23 at 12:33 pm to
My Tesla Y cost me 800 every 6 months. I have paid $0 for maintenance in 3 years. My 328 bmw cost $300 every time at a dealership

Only true disadvantage is that tires are a little expensive
This post was edited on 11/20/23 at 12:36 pm
Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
7555 posts
Posted on 11/20/23 at 12:35 pm to
quote:

My Tesla Y cost me 800 every 6 months.


I pay that for 3 vehicles all with collision/comp.

EV's are expensive to insure.
Posted by thebigmuffaletta
Member since Aug 2017
12990 posts
Posted on 11/20/23 at 12:35 pm to
quote:

The IRA introduced a new $7,500 tax credit for leased EVs last year, and when dealers pass this credit through to new car buyers, they reduce lease payments and increase driver savings.


Why did you leave out this part?
Posted by Corinthians420
Iowa
Member since Jun 2022
6688 posts
Posted on 11/20/23 at 12:36 pm to
quote:

Hidden cost: Mot EV's are very expensive to insure versus an ICE vehicle. They get totaled easily and collision parts are not always readily available. Just ask any Tesla owner.


Also they are more susceptible to spontaneous combustion
Posted by AutoYes_Clown
Baton Rouge, LA
Member since Oct 2012
5180 posts
Posted on 11/20/23 at 12:36 pm to
quote:

is $500 cheaper per month and nearly $7,500 cheaper per year


Posted by Corinthians420
Iowa
Member since Jun 2022
6688 posts
Posted on 11/20/23 at 12:37 pm to
quote:

Why did you leave out this part?

Cuz the government pays for all kinds of shite i dont use, should I feel some kind of moral guilt for using a legal tax credit?
Posted by fareplay
Member since Nov 2012
4908 posts
Posted on 11/20/23 at 12:38 pm to
What year because our Subaru was 600 for 6 months and that’s a 2015. I doubt you have 3 cars with collision under 800 every 6 months unless the value of those cars are like 10k
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7812 posts
Posted on 11/20/23 at 12:40 pm to
What is the range of said vehicles? Because if I need to charge every 200 to 300 miles they are worthless to me.
Posted by patnuh
South LA
Member since Sep 2005
6744 posts
Posted on 11/20/23 at 12:40 pm to
quote:

pay that for 3 vehicles all with collision/comp.


Who is your insurer?
Posted by fareplay
Member since Nov 2012
4908 posts
Posted on 11/20/23 at 12:43 pm to
Where do you go where 300 of range isn’t enough? I drive mine from Boston to NYC frequently and have 0 issues.

I think my Y is the best car I’ve ever owned
This post was edited on 11/20/23 at 12:46 pm
Posted by Corinthians420
Iowa
Member since Jun 2022
6688 posts
Posted on 11/20/23 at 12:43 pm to
quote:

if I need to charge every 200 to 300 miles they are worthless to me

How many hundred miles do you drive a day?
Posted by thebigmuffaletta
Member since Aug 2017
12990 posts
Posted on 11/20/23 at 12:45 pm to
quote:

Cuz the government pays for all kinds of shite i dont use, should I feel some kind of moral guilt for using a legal tax credit?


So the vehicle really isn’t cheaper. If they gave that credit for a gas powered vehicle I’d would probably be a wash.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7812 posts
Posted on 11/20/23 at 12:48 pm to
On average, not many. So for use as a town car that range is fine. But I do have a regular need to take 5 to 6 hour trips on the interstate in the southern US.

It’s funny—I see a good number of Teslas around town where I live. They look great. But out on the interstate I hardly ever see them.
Posted by redstick13
Lower Saxony
Member since Feb 2007
38568 posts
Posted on 11/20/23 at 12:52 pm to
quote:

I pay that for 3 vehicles all with collision/comp.


Does that cover the pine tree sap and red dirt stains?
This post was edited on 11/20/23 at 1:05 pm
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