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Cars and Transportation
Reply to "When is leasing better than buying?"
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[quote=Anonymous][quote]Sometimes there are really good promotions on leases. There is also a loophole right now that allows you to take 7500 tax credit if you lease an ev even if your income is high. If I were getting an ev I would definitely go for a lease to take advantage of that. Also, I think ev leases way overestimate the residual value of the car, which keeps the lease payments low. [/quote] This is what we did. We usually pay cash for a new car. We recently leased a luxury EV under a manufacturer subsidized lease offer with the $7500 tax credit taken off the price by the dealer. If we buy out the lease at the end we will have didn’t less than we would have to purchase the car new from the start. [/quote]
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