ICE v Electric: Cost and Emissions

trackbiker · Jan 30, 2024

Leasing is the most expensive to own any car. Just do the math.
(Don't worry Camp; We both know many people are still going to go with the lowest monthly payment even it cost them more in the long run.)

Harvey · Jan 30, 2024

When I am getting 45mpg to and from work, winter is not going well.

I guess it is a consolation prize?

Campgottagopee · Jan 30, 2024

trackbiker said:
Leasing is the most expensive to own any car. Just do the math.
(Don't worry Camp; We both know many people are still going to go with the lowest monthly payment even it cost them more in the long run.)

LOL -- I'm not worried at all

I'll also argue, easily, that leasing can be the same $$ as a purchase. As you said, it's all in the math. Whether you pay cash, or finance, it all boils down to monthly cost of ownership.

MarzNC · Jan 30, 2024

I and my husband have paid cash for all our cars.

Found a summary of early 2024 lease deals for EVs and PHEVs.

January 23, 2024

Best Electric Car Leases: January 2024

Save big money on an EV with significant savings in January 2024. In some cases, we're seeing discounts worth $30,000 off MSRP with 0% APR financing.

www.carsdirect.com

Andy_ROC · Jan 30, 2024

trackbiker said:
Leasing is the most expensive to own any car. Just do the math.
(Don't worry Camp; We both know many people are still going to go with the lowest monthly payment even it cost them more in the long run.)

Agreed. Since I like driving my Honda's for at least >10 years and they still have great resale value, buying is definitely the least expensive option.

I leased my kids cars when they were in college because they were inexpensive leases and we also wanted the newest safety features. Yeah we may have been able to buy decent used cars but that's always a crap shoot that I didn't want to deal with.

DomB · Jan 31, 2024

Hey guys agree on the economic point. I meant if you are thinking of an ev and have not pulled the trigger and have concerns on range, consider to buy a hybrid or to lease an ev.

For the lease you do take a hit economically but you have the option to buy a new car in 2 or 3 years where many ev s will be out like the ev9.

I leased one car when we moved from the city to burbs and went to 2 car family. It has 20,000 miles and hitting 10 years old. I bought it off lease but because I didn’t know the net net of expenses moving from the city I wanted the flexibility of a lease. Stuff like that is when a lease may make sense.

Ripitz · Jan 31, 2024

Here it is FINALLY! Ford is releasing their all new plug in hybrid diesel mini van, with a six speed manual, four wheel drive and… oh wait …it’s only available in Europe of course.

https://www.topgear.com/car-news/first-look/new-ford-transit-connect-a-plug-hybrid-van-68-miles-ev-only-range

DomB · Jan 31, 2024

Ripitz said:
Here it is FINALLY! Ford is releasing their all new plug in hybrid diesel mini van, with a six speed manual, four wheel drive and… oh wait …it’s only available in Europe of course.

https://www.topgear.com/car-news/first-look/new-ford-transit-connect-a-plug-hybrid-van-68-miles-ev-only-range

Argh! There are so many great cars they only release in Europe like a very small VW smaller than the ID 3.

DomB · Feb 1, 2024

Still not economical, but an interesting way to test an EV. I don't think I would do this because I don't enjoy the transaction costs in time of entering into a car transaction (though the EV buy was like a total of 45 minutes of work and many of hours of research before):

https://www.wsj.com/articles/could-car-subscriptions-entice-mass-ev-adoption-ad993291