“but what I have uncovered is that the leasing structure at one pay still has a money factor and residual”
I asked my Volvo dealer to send me a copy of the actual Volvo lease contract and as you can see under section 41, you have the right to buy out the car at any point before the termination of the lease by paying the residual value plus the remaining payments MINUS unearned rent… Essentially what that means is that if you buy out after one month, you end up paying the discounted price of the car plus the first month rent plus the other stuff that a lease adds on (acquisition fee, deal fee and disposal fee).
"SEC. 237. REPEAL OF CREDIT FOR QUALIFIED COMMERCIAL CLEAN VEHICLES.
(a) In General.—Subpart D of part IV of subchapter A of chapter 1 is amended by striking section 45W (and by striking the item relating to such section in the table of sections for such subpart).
(b) Conforming Amendments.—
(1) Section 38(b) is amended by striking paragraph (37).
This seems to completely rewrite 30d as well, so it may remove the limitation that prevents the purchase credit applying on a lease. The bill looks to basically just be an undo.
And checked a local Volvo dealer’s site. Wow… they are offering $10K in incentives on top of the $7500 lease credit.
The range sucks but $15K to $17.5K off should be as enticing as a GC 4xE lol. Leases are $363/month for a $62K. That’s not EQS deal good but decent if you are looking for a family SUV EV and don’t want a Model Y.
Unlike a Jeep that holds value well you would probably not be able to sell this at a profit even with all that money off. I got in a newer Volvo a few weeks ago and couldn’t even fit in the damn think without crawling in dukes of hazard style lol
Yeah… size-wise the Volvo C40 does not compare to the GC 4xe. The metrics specifications may only be inches difference of interior space in both front an rear seating but when you sit in both, it feels like a bigger difference.
But saying that… I would probably lean towards the C40 over they Y for a daily EV driver just because of ride difference and more driver controls/display, esp if the monthly lease on a C40 was less than the Y. As for range… ain’t nothin’ but a number… but Supercharging obv helps with that.
