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> for only $60/month after rebates How is that possible? Even if you got a 72-month loan that would only be $4,320 with the MSRP being 'From $25,120'.
by russum 10y ago
> for only $60/month after rebates
How is that possible? Even if you got a 72-month loan that would only be $4,320 with the MSRP being 'From $25,120'.
- epistasis 10y agoI would love to hear from somebody that knows more, but I believe that the leasing company takes the $7500 federal tax credit, and the buyer takes the $2500 California tax credit. So on a, say, 3 year lease, that's $2,160 in lease payments, and $10,000 in tax credits, and if the residual value after three years is $13,000 or more, then the numbers mostly add up. I tried to talk to the dealer about this when I leased a Fiat 500e, but as is typical with dealers they were all lies and untrustworthiness, so I have no clue of their financials. I never want to step foot in a dealership again, if possible...
- givinguflac 10y agoI can't speak for CA but what you described is how it works in MA
- mywittyname 10y agoI posted this elsewhere, but here goes... California requires car companies to sell a certain number of EVs in order to sell other cars in the state. So companies take their cheapest model, convert it into a passable EV, then their financing arm offers nice incentives to get them out the door and the parent company eats the difference as a cost of doing business in California.