TreeStar
Active member
I've been researching the 2017 versions of these cars quite a bit lately. The Leaf has absolutely amazing rebates right now. To the tune of $15,000+. Anyone know why that is? My Toyota guy says it's because they can't sell them, but I don't think that's the case. Regardless, that makes an affordable car affordable for me. The other part of it that makes it affordable is the cheaper fuel. Although I think it would be around the same cost based on my averages.
I drive an average of 800 miles a month (based on the last 17 months). Based on that with an assumed fuel price of $2.65 /gallon I pay $88/ month for fuel.
We pay 5.9 cents per kWh here (which I think is on the lower side due to source). Is there a way to calculate what I would pay for electricity based on 800 miles /month? Also worth noting is the free public charging for 2 years (1 hour per day).
My Toyota guy is obviously wanting me to go that route and brings up range and vehicle size. A Prius is a nice sized car, but the fuel economy would be around double what I currently get. That would mean around $44 /month in fuel. The payments on that would be $143 /month (but that was calculated with $5,000 down).
I own my current car which is worth about $5,000. I'm hung up on the point that if I do a $6,000 down payment (trade and cash) and lease a car for 3 years my payments would be $151.05 /month. In reality they would be $317.71 due to the down payment. A 24 month loan makes my payments $104.27 /month. The residual value on the car after 36 months is $8,713 and $11,395 with 24 month. I could obviously finance that if I choose or turn the car in for something else.
My goal is to have low monthly expenses. The environmental impact part of it is also something I obviously take into account. I do like the "novelty" of having a full EV especially considering I have a degree in renewable energy. What have you guys experienced? I've been told most people lease these cars.
I drive an average of 800 miles a month (based on the last 17 months). Based on that with an assumed fuel price of $2.65 /gallon I pay $88/ month for fuel.
We pay 5.9 cents per kWh here (which I think is on the lower side due to source). Is there a way to calculate what I would pay for electricity based on 800 miles /month? Also worth noting is the free public charging for 2 years (1 hour per day).
My Toyota guy is obviously wanting me to go that route and brings up range and vehicle size. A Prius is a nice sized car, but the fuel economy would be around double what I currently get. That would mean around $44 /month in fuel. The payments on that would be $143 /month (but that was calculated with $5,000 down).
I own my current car which is worth about $5,000. I'm hung up on the point that if I do a $6,000 down payment (trade and cash) and lease a car for 3 years my payments would be $151.05 /month. In reality they would be $317.71 due to the down payment. A 24 month loan makes my payments $104.27 /month. The residual value on the car after 36 months is $8,713 and $11,395 with 24 month. I could obviously finance that if I choose or turn the car in for something else.
My goal is to have low monthly expenses. The environmental impact part of it is also something I obviously take into account. I do like the "novelty" of having a full EV especially considering I have a degree in renewable energy. What have you guys experienced? I've been told most people lease these cars.