In the sate of illinois on a regular lease we get taxed on all 36 months up front. Which is paid monthly during the duration of the lease. And then again at buyout. So we get taxed twice, but not necessarily double like texas. We are similar ti NY state car leases. For a 1 pay lease and buyout the unearned rent (including tax) is paid back to reduce my buyout price. It should be just over 1k in saved taxes this way.
Aren’t those two things mutually exclusive?
I don’t have anything to contribute on this front and it seems like there are lots of knowledgeable hackrs here that have contributed, but I do have one question: Have you considered your break-even time on paying the premium for a hybrid Rav over the gas version?
Running a ballpark calculation for myself at 10k miles per year with an average fuel cost of $2.85 and a $12k lower purchase price (see this thread here for a gas Rav deal from the best Toyota broker on this site, @Jrouleau426 ) it came out to something like 12 years. Seems lengthy.
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Another thing most people do not take into account, a hybrid gets worse gas mileage on the highway
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Did your calculations assume a higher resale value for the PHEV?
No, just because that’s such a big variable based on market fluctuations, damage, etc., and my assumption with the purchase (not lease) of any Toyota is that it will be a long-term hold.
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