this is what I’ve been finding as I search for EV lease deals from Genesis/Volvo/Audi/Hyundai - the leasing landscape doesn’t even resemble the “finance the depreciation” model. What happened? (and I know I know I know about chip shortage, “market adjustments” etc). It just simply should not be called leasing anymore. I’ve only been looking at EV products, but is this sort of crazy leasing structure on all cars? I think not, because I still see really aggressive (cheap) leases in SoCal on GM, Mercedes etc.
What cheap Mercedes leases are you seeing?
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these are ALL “reasonable” I’d say… (maybe not “cheap”) but in comparison to almost every EV lease, these look fantastic.
https://www.keyesmercedes.com/new-vehicles/new-vehicle-specials/
TBH, I am not following EV lease deals, but which of the deals in that ad look “reasonable” compared to EVs from Genesis/Volvo/Audi/Hyundai?
These are terrible.
OP picked up a nicely appointed 530i from us last weekend.
Thank everyone for the input!
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simple math. A 60k EV from Volvo wants 800-100$ monthly. The Benz deals on 50-70k cars are “normal”
As I said - the EV leasing market is just stoopid in comparison.
That’s the whole point of it, they don’t want you leasing it because the EV market despite it’s marvels is still very much in its infancy.
The captives are simply not interested in absorbing the risk in most cases.
what risk? These are cars that for the most part have a 10-15% markup because they are in such high demand, Ford isn’t even allowing you to buy out a Mach-E lease because the residuals are so high and folks are making a profit…
this isn’t risk. this is gouging.
What happens if the Mach-e decides to go pinto or Bolt due to some unforeseen fault.
These are effectively laptops on wheels and just like a laptop there will always be some new tech that will make the current thing look like a 300 baud modem.
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Whatever dude. Tell that to Tesla. Robust, proven resale values.
You’re really going to use that argument on a manufacturing segment that has largely built crap (AND built in obsolescence)for decades?
Careful. Your dinosaur bones are showing…
And how many other EV models have similar resale values?
And RV isn’t always reflective of real-world resale value.
A lot of those resale values are a result of this overheated, inflationary economy and that’s coming down quickly.
For the record, have owned multiple Tesla vehicles and still have at least one (Model X), and several PHEV prior to that and currently (X5 45e)
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