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Reply to "Car Lease - 45K car - zero down?"
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[quote=Anonymous][quote=Anonymous]For some electric vehicles, the car manufacturers need to generate sales to generate compliance credits so they offer very favorable lease terms. For example, the Chevy Spark EV can now be leased in MD for $139/month ($0 down)-- that's $5k for three years, and you have pretty much no fuel costs or maintenance. I can pretty much guarantee it's the cheapest way to own a car over the next three years out there. Now, it's a small car, with limited range (80 mile or so) and the interior is not luxe, so it's not for everyone but it's actually got a lot of pep and is fun to drive.[/quote] LEVs bring up another non-trivial benefit of leasing: it is entirely plausible that in the next 3-5 years, cars with dramatically better gas mileage will emerge. People who have committed to driving their current model cars into the ground will end up paying much higher hell costs than people who leased once or twice more and then bought a new generation hybrid or ZEV. Heck, by the time a car you purchase today is 15 years old, the majority of cars on U.S. roads could be self-driving and you'll be required to apply for an antique license plate.[/quote]
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