General EV Conversation
CL Community Team
Joined: Aug 2006
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From: San Francisco, CA
Lead Lap
Joined: May 2010
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From: San Diego, CA
At least for now, it also enables non qualifying vehicles and individuals to get the credit effectively factored into their deal. If you're any one or more of a higher earner, a buyer of a non-US built EV or a buyer of an EV over the MSRP limits, you can get the credit baked into the deal and then buy it out.
Last edited by swajames; Dec 21, 2024 at 05:38 PM.
EV ftw!!!
Joined: Nov 2002
Posts: 9,045
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From: Lake Ontario
DRLs replacement is the whole friggin headlight replacement which is over $2.5k CAD per. That's the original headlight from Tesla as I won't replace them with a cheap knockoff that you can find on AliExpress
Lexus Champion
Joined: Oct 2019
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From: California
I've leased EV's since 2020, and there are tax advantages for me as I expense the lease to my consulting business, but we put way too many miles on our cars, so I end up going over the allowed mileage. My Model Y for example, I'm almost at 28k in two years, most leases allow only 10k per year. My Polestar I went 6k over, and my wife's Ioniq 5 she's already past 17k, max is 20k miles and the lease isn't up until July 2025. That's why I bought the Model 3, so my wife can drive the Y so we don't go over the miles on the Ioniq
Lexus Test Driver
Joined: Jan 2003
Posts: 5,027
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From: Maryland
I don’t agree with this at all. Leasing is better because EVs have been depreciating so quickly and if you don’t keep cars long like me you will be significantly upside down. I bought my Plaid because the lease deals were so bad but in hindsight I probably would have been better off leasing. Same with a friends Y, he is looking to get something new but the value has tanked so he is going to keep it.
CL Community Team
Joined: Aug 2006
Posts: 12,568
Likes: 231
From: San Francisco, CA
I don’t agree with this at all. Leasing is better because EVs have been depreciating so quickly and if you don’t keep cars long like me you will be significantly upside down. I bought my Plaid because the lease deals were so bad but in hindsight I probably would have been better off leasing. Same with a friends Y, he is looking to get something new but the value has tanked so he is going to keep it.
Lead Lap
Joined: May 2010
Posts: 4,006
Likes: 1,634
From: San Diego, CA
I don't think that's what it is, at least not directly. It's due to other factors IMO: Big Tesla price drops created a lot of market uncertainty, political FUD drove additional market uncertainty, and last but by no means least, very effective but also very inaccurate anti-EV FUD has been driving paranoia and market uncertainty. Some of that ant-EV FUD is battery centric, hence it being an indirect contributor. But it's still FUD.
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Lexus Test Driver
Joined: Jan 2003
Posts: 5,027
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From: Maryland
I don't think that's what it is, at least not directly. It's due to other factors IMO: Big Tesla price drops created a lot of market uncertainty, political FUD drove additional market uncertainty, and last but by no means least, very effective but also very inaccurate anti-EV FUD has been driving paranoia and market uncertainty. Some of that ant-EV FUD is battery centric, hence it being an indirect contributor. But it's still FUD.
Lexus Fanatic
Joined: Sep 2010
Posts: 26,091
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From: Alberta
Lexus Fanatic
Joined: Nov 2011
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From: ON/NY
‘What if the financing was 0% or around 1%? Would you buy? (Presuming equal incentives). Would you buy then?
Last edited by Toys4RJill; Dec 21, 2024 at 06:35 PM.
Lexus Champion
Joined: Oct 2019
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From: California
Last edited by AMIRZA786; Dec 21, 2024 at 09:02 PM.
CL Community Team
Joined: Aug 2006
Posts: 12,568
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From: San Francisco, CA
Ive done the math based on my own experiences of buying vs leasing. To me, the cost comes out to be about the same, except that with financing/buying, Im out a good portion for down payment. Id rather lease at this point, and keep my money invested elsewhere. But as others have said, buying an electric car is too risky right now.
Lexus Champion
Joined: Oct 2019
Posts: 19,796
Likes: 3,789
From: California
Ive done the math based on my own experiences of buying vs leasing. To me, the cost comes out to be about the same, except that with financing/buying, Im out a good portion for down payment. Id rather lease at this point, and keep my money invested elsewhere. But as others have said, buying an electric car is too risky right now.
If you are talking about depreciation because you frequently trade in, that's entirely different, IMO