Reply to First Car - New Driver - EV Lease vs Finance

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[quote=Anonymous][quote=Anonymous]Generally speaking it’s financially stupid to lease a car.

That said, I might consider it for an EV given the quantum leaps coming and more options on the market in a couple of years.

Remember that cars really aren’t machines anymore. They are computers and software. [/quote]

OP here, generally speaking I 100% agree with the point of view of financing is better and that leasing is more so akin to burning money.

If I went lease I would only do so for an EV, and as of now my heart is kind of set on EVs (that I am sure may change once I start test driving). As you said one of the reasons I am thibk to lease is because with battery technology potentially evolving, don't want to be stuck with a 200ish range car if in a few years, 500m ones will come. Moreover, with the new EV tax credit criteria, most cars I would want don't seem to qualify anymore due to the local content requirements (if not mistaken) if finance, but if lease most EVs would qualify so from that perspective it seems to make more financial sense. Plus with EV resale values not being great (potentially) and that also potentially getting worse if better batteries come out in a few years.

Last, and this is the point I am not sure about at all (I could be compeltely off base) since it's my first car and since I am, for all intents and purposes, a novice driver, it fairly attractive to lease and not care as much. Don't want to be in a situation where I own but I f up the car in some way (but again not sure whether this point actually makes logical sense). [/quote]

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