Reply to Help me do the math on this lease. Does it make sense?

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[quote=Anonymous]I was planning on buying an EV in the next few years but once the House signs the Inflation Reduction Act, we will no longer be eligible for the tax rebate due to income limits. There is a small window (like this week!)  before the house passes the bill, to place an order for a new EV to be delivered this year or next, provided you have a sales contract.

I'm hesitant to pull the trigger on an EV now  because I believe range and charging tech is going to improve immensely during the next few years and we typically keep our cars for 10 years or more.  I understand that dealers pass on ev credits in their leases and I'm considering leasing a Hyundai Santa Fe plug-in hybrid to hold me over for a few years. The published available lease is $3,699 down plus $485 per month for 48 months. This totals $26,979. If I were to buy the car at this trim level it would cost about $42,000.

If I factor in potential gas savings  - conservatively $250 per month, it seems like a good deal and would buy me time to go fully electric. Thoughts? Should I just buy the car or would a lease make sense in this case?

Thanks![/quote]

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