Join Date: May 2018
Location: Norco, California, USA
EV leases are often only worthwhile if they are using it as a carbon-credit car. ie - leasing at a loss. Fiat leased Fiat 500e's for $79/m to gain CC's.
They want $8000 down on $999/m lease for 38m for the $80k SE? Reduce that by $3500 for California if you haven't used up your EV rebates yet, so $4500 down and that's about $42.5 grand for a base car or $1.28/mi for the first 33,300 miles. Certainly don't worry about mileage, drive it as much as you like and it's a better value.
But notice the $77k version has the same lease?
I'll use the $80k. About $88k with tax/crap, $8k down, $80k financed at 0% for 60m and 12,000mi a year under warranty. But in California, you get $11,000 off in rebates. So effectively $69k for 60m, 60k, or $1,150 a month, or $1.15 a mile. The residual is yours to keep. However the break even point will occur prior to 60 month, so depending on the residual, you 'leasing it from your LLC' is probably cheaper, shorter, and they can set the buyout at a modest loss. We lease machinery to ourselves. I'm not sure but I think you can lease your car to yourself if you have more than one corp.
Jaguar i-Pace FE Photon Red 20" wheels, "Leaper"
Two Chevrolet Volts in service
24.2 kW x 480v 3ph solar array self-installed.
Last edited by McRat; 02-25-2019 at 11:43 AM.