Aussie living in the San Francisco Bay Area.
Coding since 1998.
.NET Foundation member. C# fan
https://d.sb/
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  • 11 Posts
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Joined 2 years ago
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Cake day: June 14th, 2023

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  • Technically for a lease to get ahead of sellers value, you need it to be really really cheap, otherwise you’re still not getting enough vs. a sell (or trade in, even!).

    That’s true, however that’s the case for a lot of EVs in the USA at the moment, since many manufacturers currently have rebates that you can only get when leasing.

    In the US, I’m paying around $32k total for a three year, 12k mile per year lease of a BMW iX with around $101k MSRP. It definitely would have cost more to buy it then sell after three years, especially since the Neue Klasse BMWs will be available by then (which may result in higher deprecation of the older models).

    BMW have a $9,900 lease credit which reduces the cost quite a bit compared to buying.


  • This is why it’s a good idea to lease rather than buy EVs and luxury cars, at least in countries where leasing is available and for brands that lease well.

    The lease has fixed monthly payments, and a fixed residual value. If the car goes down in value more than expected, you can just return the car at the end of the lease - you’re not on the hook for that extra depreciation.

    Buying a car is good if you’ll keep it for a long time (say at least 7 or 8 years). EV technology is changing so quickly though, so I’m not sure I’d want to keep an EV for that long.











  • Does anyone even make a 25k truck at this point?

    Definitely doable outside the USA. For example, the Toyota HiLux is pretty popular in Australia and other countries, and starts at AU$27k (US$16.7k) drive away (including all fees and taxes).

    A lot of other countries have cheap cars that can’t be purchased in the USA, usually due to high tariffs. The most popular EV brand (BYD) isn’t available in the USA, but in Australia you can get a pretty decent entry-level EV (BYD Dolphin), better quality than a Tesla Model 3, for around US$18k.




















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