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I recently saw a special for Costco members where they can lease a new Bolt for $110 a month with no upfront fee. This was in California but just thought I'd throw that out there.
Also, some manufacturers lease terms are horrid so it doesn't make sense to lease. Tesla lease terms for the Model 3 were terrible and there was no option to purchase the car after the lease ended (they really wanted you to purchase the car). Fortunately, the resale has been good.
Oh yeah, leasing a Tesla is a joke. I looked at used, but they are almost the same price used! My brother in-law leases his Model S, but he's rich and writes off his $1000 a month lease payment on his taxes (he owns a company) so for people like him it makes sense
Ioniq, Kona, any car leased should be sold before lease end.
Originally Posted by AMIRZA786
Congrats on the Kona! The Kona EV is definitely on my list when the Ioniq lease expires. I didn't lease the Kona because I had to make a compromise and keep our Sienna, and the Ioniq lease made it possible. Hyundai has the most amazing lease program. 3 months before the lease expires I can get into another car and skip the last 3 payments. For EV's, leasing is the way to go because as I see it, the money you save on fueling/maintenance costs is almost your lease payments, especially if you drive/commute as much as my wife does. Also you don't have to worry about wear and tear, and every 3 years you'll have a new vehicle. As you said, you can buy out the lease if you want
Whoever leases a car should check 3-6 months before lease-end the value of the car. If the value is higher than lease payoff, then sell the car to online car dealers like carvana or vroom without buying it out (to avoid paying tax). Then, because there is positive equity, you pocket the difference. Some people, got few thosands back. Really worth to check. Carvana and vroom provide quote right away. Try it even now, but best time is after 2 years on 3-year leases.
Whoever leases a car should check 3-6 months before lease-end the value of the car. If the value is higher than lease payoff, then sell the car to online car dealers like carvana or vroom without buying it out (to avoid paying tax). Then, because there is positive equity, you pocket the difference. Some people, got few thosands back. Really worth to check. Carvana and vroom provide quote right away. Try it even now, but best time is after 2 years on 3-year leases.
I wish there was a "Like" button on this section of the forum. Thanks for the info, this is really good information to know.
Toyota and Lexus Join Mille Miglia For The First Time
Slideshow: A five-car lineup spanning more than five decades of Toyota performance and engineering will tackle one of Italy's most celebrated automotive routes.
