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While absolutely true, that's a savings of $40k over 10+ years, yet you have to pay off that $40k in 5 (closer to $45-$50k with interest). You also need pretty
by falcolas 4y ago
While absolutely true, that's a savings of $40k over 10+ years, yet you have to pay off that $40k in 5 (closer to $45-$50k with interest). You also need pretty dang good credit to avoid getting hit with a huge interest rate.
Even with a lower total cost of ownership, folks still have to be able to buy it in the first place.
- bryanlarsen 4y agoAbsolutely. IMO the government should be providing interest free loans rather than tax credits to facilitate the adoption of electric vehicles and residential solar.
- falcolas 4y agoMy god. Can you imagine the uproar that would cause in the financial industry, where they can easily charge 20% interest rates for folks with poor credit, because they need a car to survive? In other words, it will never happen. It'd be awesome, but it's a dream at best.