Reply to Lease or buy tesla? Considering future discounts as costs go down

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It almost never makes sense to lease a car. [/quote]

This is what I always believed but the one year lease and residual buyout cost for our EV was lower than the cash price including dealer incentives, price matching etc. The loophole for the federal tax credit is a big part of this. [/quote]

could you elaborate? does it apply to all EVs or tesla only? would it still make sense for a 3-year lease?[/quote]

I would look at other EV’s. Tesla was the leader because the other manufacturers did not want to compete. The other manufacturers know how to build quality cars, have years of engineering expertise and EVs are a lot easier to build.

As for the lease of other EVs yes. Hyundai has a 3 year leases on ioniq 5 for like $11,500(total for 3 years deposit and all payments). That’s $4k down and $209 a month. That’s about $3800 a year!
Volvo who does not qualify for the tax break if bought does qualify it with a lease. The dealers will lease you the car, receive the $7,500 tax break, you buy the care after three month and the deal counts your payment, tax break, etc towards the price you negotiate. Basically it cost you nothing(you pay the same amount of money for the car) but you receive the tax break. I am sure other dealers are doing this. [/quote]

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