view the rest of the comments
Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
This is one of the rare cases where, at least for right now, leasing a new vehicle may make more sense financially than purchasing outright. For one thing, many more cars are eligible for the $7500 federal tax rebate when leased instead of purchased. For another, used electric vehicles seem to lose their value a lot more than ICE vehicles. This is a combination of newer, better cars being released at lower prices than previous vehicles and consumers being unsure of the capacities of older battery packs. The latter is seeming to be less of an issue than feared based on preliminary data, but we really only have long-term results for a few models. The former is much more volatile from the market, though. Elon Musk single-handedly tanked used car values when he dropped prices on model 3 and Y vehicles, and it happens every time they cut prices, but Tesla is not the only electric manufacturer that’s been cutting prices on new cars. While manufacturers would love to sell for high prices, the reality is they need a larger market to be profitable from economies of scale, so as they reduce costs there’s been a general trend to cut prices too, either by cutting prices on existing models or introducing new, less-expensive models.
All of that is to say, it looks like the leasing companies aren’t factoring in enough depreciation on current leases. A lease is essentially you paying for the depreciation of the car. If you’re paying for a $50,000 car to be worth $35,00 in two years but it actually ends up being worth $25,000 in that time you’ve come out ahead, especially compared to if you bought it and tried to sell it yourself.