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> Mistake #1: He bought an EV. > You should never purchase EVs, only lease them. That's what I did. This saves you from the terrible depreciation they have. >
by andsoitis 1y ago
> Mistake #1: He bought an EV.
> You should never purchase EVs, only lease them. That's what I did. This saves you from the terrible depreciation they have.
> The only time it makes sense to buy an EV is if it's used.
Coming in too hot, friend! The headline, and opening line, is that it is a used EV.
- rjtavares 1y agoAlso, leasing does not prevent you from paying for the depreciation. It's just included in the fee.
- rootusrootus 1y agoThis is true, except that the manufacturers frequently choose to eat the loss by setting the residual unnaturally high. Even Tesla has been doing this lately.
- andsoitis 1y agoWith these things, it is helpful to place oneself on the other end of the transaction and think how you would price things. When you think about it critically, you notice that it can get pretty sophisticated.