nerk wrote:I suppose you're correct, different people with different intentions, different decisions
but in my mind I view it as, paying 70% of the vehicles value in 3 years, then jumping into another lease and doing the same,... Why not just buy it and sell it privately in ~4 years... cause at that point your car is valued at 0$ based on that rate... I may be off a tad, and I'm sure there's other things to consider
But take this figures in for example,... 30% of $50,000 is $15,000,... which means your car is depreciating at a static rate of $1000 a month,... after 50 months, your car is worth 0$ using this rate... I'm almost positive someone would buy a 4 year old car EV for $10,000, considering the battery warranty is only half its age...
Again, I may be missing something here (like interest rates etc)... But the SV Leaf I was quoted came up to about $48,000 with taxes, before incentives... So that's why I used the $50,000 rounded number (it will probably be more with interest)...
The what sways the balance in favor of "losing" that 67% and turning in a lease is the rebates and credits worth $10,000. If I were to take out a loan at the end of lease of my EV and keep the car for another 3 years, my monthly payment would not be much lower than the monthly for the lease on a new car. A new car that has more technology, range, and a full warranty. In essence, my monthly stays the same whether I turn in for new or continue with a loan. If you keep the car beyond a total of 6 years, that where the savings would start to show up, but now the car's battery poses a financial risk. It may prove reliable or it may end up costing a significant amount to replace.