I too have frequently thought of the lease option as a sucker's bet when used for personal use. It works well for commercial, as you get to upgrade to a new model every couple of years, and it is included in your tax package as a cost of doing business. With the electrics and the federal tax credit however, there is an interesting wrinkle. Go ahead and buy the electric outright if you have enough tax debt in one year to use the full tax credit (it can only be applied to one year's taxes). However, if you are one of the majority of citizens, you won't have the ability to use the full amount of the credit. If this is your situation, I would recommend taking advantage of the lease option, as the dealer will apply the full tax credit to your lease as part of the down payment. You are eligible to buy out your lease at the face value at any time after the 2nd month (allowing you to take advantage of the tax credit indirectly, if you wish to own the vehicle, instead of leasing it). I can connect people to a local salesman who has done this for a few people that I have sent to him. I chose to keep leasing so that I could take advantage of the upgrade option at the end of my lease (we'll see how that gamble works out!).
-Tom On Sun, Mar 16, 2014 at 5:31 PM, nicklogan <[email protected]> wrote: > >> always considered a lease a sucker's game and have never even bought > >> a new car, but this [Smart ED deal] was too good to pass up. > > >Maybe I've missed something, but it seems to me that when they want to > >stimulate ICEV sales, the manufacturers offer rebates. I haven't seen any > >factory rebates on EVs, just lease bargains. Have I missed some? > > >Something to think about: GM didn't sell EV1s, only leased them > > > given what I've seen the automakers > >do in the past, I'm sorry to say that I'm not as confident as you are. > > >David Roden - Akron, Ohio, USA > > David, > As I said in the OP , I have no intention of keeping this car so the > dealer can crush it or do anything else with they want once I'm done with > it. And if you're not confident there will be more EV choices in the > future, > why would renting one by the month for almost less than I would pay in gas > for my commute be > a bad idea? I can understand why someone who sells conversions would think > it's a bad idea and having been here since 2004, I know people here have > long memories for things like the EV1 fiasco, Thundersky deals gone bad, > lithium battery fires (and even continuing skepticism about lithium > batteries in general) but how can anyone be pessimistic about the future of > EV's given the changes in the last five or so years? Yes, it could all > evaporate again as it has in the past but it doesn't seem likely given that > Tesla wants to spend a billion dollars building a US battery factory. Even > a > certifiable Cheap Yankee like myself has to look on the bright side once in > a while ;>) . > > rant mode off > > > > -- > View this message in context: > http://electric-vehicle-discussion-list.413529.n4.nabble.com/lease-rebates-tp4668469p4668476.html > Sent from the Electric Vehicle Discussion List mailing list archive at > Nabble.com. > _______________________________________________ > UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub > http://lists.evdl.org/listinfo.cgi/ev-evdl.org > For EV drag racing discussion, please use NEDRA ( > http://groups.yahoo.com/group/NEDRA) > > -- Remember, it is not that the glass is half empty, in reality, the glass is merely twice the size that it needs to be! -TNT'82 -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.evdl.org/private.cgi/ev-evdl.org/attachments/20140316/add5500b/attachment.htm> _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
