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I'm assuming a friend's 2019 Bolt lease so I can try electric for a bit without much commitment. Once the replacement happens I can buy it for $21k, which seem
by 01100011 5y ago
I'm assuming a friend's 2019 Bolt lease so I can try electric for a bit without much commitment. Once the replacement happens I can buy it for $21k, which seems like an alright deal on an electric with a fresh battery pack. Then again, that might be kind of high when you consider the subsidies I could get on a new EV. I'll see how the economics of the deal play out in a year when the lease is up.
- rootusrootus 5y ago> I can buy it for $21k FWIW, when I leased my Bolt one year ago, I could have bought it outright for $23K. The residual on my car is not much below that. I obviously won't buy it at the end of the lease -- GM just released new Bolts based on essentially the same technology they started using in 2017, which is mediocre by current EV standards; so they will have to continue to be very competitive on price going forward. Just saying I think you should look carefully at the market when the lease runs out, it may not be economically advantageous to buy it out.
- 01100011 5y agoYeah I'm going to play it by ear. If the inflation continues and prices permanently rise, $21k may be a good deal. We also might get close to the release of the Tesla Model 2 by then, along with a bunch of Chinese EV imports, so I'll definitely shop around. I'm personally looking for a 'low end' EV as I will absolutely at no time ever need more than 100 miles of range, and probably much less most of the time. My commute is looking like 45 miles/week once we return to the office, so there's not much point in paying for more than that.