Agreed. It's a really good deal if one can get it. If one were to buy something similar, one'd pay around $2000/year just on the interest (or the equivalent opportunity cost) alone. So the deprecation is really only $2600/year, which is pretty insane. And I believe the car comes with 2-year Electrify America free charging? An equivalent ICE car with the 12000 miles/year allowed would cost around $2000/year on gas (at least in California).I goofed on the term (24 months vs. 36), but you’re looking at a different car. The Ionia 5 SEL is $229/mo, not $189. But everything else was right, as I took the “sum of payments” directly from the fine print on the offer.$3,499 + $400 (disposition fee) + $4,347 ($189/month times 23, as the first month is included in the $3,499) over 24 months = $343.58 plus tax, plus dealer fees. So, it averages out to $4,122/year plus tax, plus dealer fees.Bottom line: The lease is a great deal, at effectively $3k/year (plus tax, but including the DAS amount) to rent a $50k car.
Depending on your charging situation and other options, it can still make sense, but isn't particularly inexpensive.
I’d still argue that $4600/year to “rent” a brand new $50k car is still a hell of a bargain.
Statistics: Posted by BHFTW — Sat May 25, 2024 12:50 am — Replies 24 — Views 2241