I see more mfgs pass the credit but then bump the mF to the moon, small drop in residual as well. WTF
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This is what you want but out the lease right away and done
Not everyone can buy a car they can actually afford. This is 'Merica - gotta leverage to the tits to keep up with the Joneses.
Ex. We got some guy who clearly, despite everyone’s opinion, wants to buy a used Range Rover even tho it’s the worst financial option of the choices he presented (vs X5 + something else).
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True but some EVs I’m not too sure I’d want to keep longterm.
You don’t want to keep an EV longterm…period. Battery degradation in yr 10 is quite ugly.
Is it though? A battery with a 20% reduction at 10 years is considered to have failed by many battery manufacturers. Average should be above that. Long term tesla data shows a 12% average degradation at 200k miles.
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Well if you want to own an EV with that. ok that’s your choice.
Until Battery tech changes significantly. I do not think owning an EV long term is right.
12% isn’t that bad at 200K miles though… You still end up with 260+ miles of range on a battery that originally had 300 miles of range, which is plenty for most people who own an EV. Not to mention most ICE vehicles at 200K are going to have their own set of problems. Keeping any car long term has it’s pros and cons regardless of whether or not it’s an EV. We’re keeping our model 3 long term and will continue to lease the other EV so we stay up to date with the latest tech.
You may not be wrong, but it’s worth having a realistic view on what’s going on.
I think there may be some large jumps in battery tech in the next 5-10 years… esp with solid state already rumored to come out (Nio claiming 600mi range).
And so many safety features and self-driving technology improvements… you just got to be on that 2-year smartphone lease. 
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You’re better off just doing everything wrong with the battery and try to get it warrantied before the 8 year warranty is up.
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True, but I would think they have run those numbers since most warranties are what 70% stated capacity at the 8-10 years marker with 100K miles+. I’d assume those numbers are with the worst charging habits and then some.
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My PHEV is 5 years old and runs about 15% less range.
Hoping by another 5 years, the range drops by 30% when it’s eligible for a replacement under warranty.
My new EV is 1 month old and love the full range + 10%…
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Sticker Plate!
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MFS now passing full credit on CX-90
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Any screenshots or other info to go along with this comment?
Chrysler Capital is also offering to pass on the $7500 credit for leasing on the Alfa Romeo Tonale Veloce and Dodge Hornet R/T.
Mitsubishi seems to be offering the credit on their Outlander PHEV, although the wording is a bit weird to me. It seems to be the whole amount or a portion of the amount ($6321). Their website shows, “Lease: $399 per month / 24 months / $5,648 due at lease signing. Includes required refundable security deposit. Excludes tax, license, title, registration, documentation fees, insurance and the like.
Lease example for 2023 Outlander PHEV SE S-AWC, MSRP $42,480 plus $1,445 ($1,570 Alaska / Hawaii) destination and handling. Net capitalized cost is $32,950 and includes $595 acquisition fee and $6,321 Federal EV lease incentive. Available through Santander Consumer USA, subject to approved credit and insurance. Qualified lessees of a 2023 Mitsubishi Outlander PHEV may qualify for up to a $7,500 lease incentive. Lease incentive is offered by a third party as a cap cost reduction, is not within Mitsubishi’s control, and is subject to change without notice. Lessees cannot claim a tax credit on personal tax return.”
I did finally sign a lease on a 2023 Mitsubishi Outlander PHEV with the tax credit passed through. Got a very nice SEL. Haven’t been to a gas station since pickup day, did our first 1600 miles on 3/4 tank of gas. I think the interior is as good as a Merc and it’s operated flawlessly so far.
Numbers for 24/10 lease were:
Gross Cap Cost: $46391.83
Cap Cost Reduction: $12032.14 [$2305 trade-in of prior lease vehicle plus $6816 tax credit plus $2910 downpayment]
=> Adjusted Cap Cost: $34359.69
Residual Value: $28455.70
=> Depreciation/Amortization: $5903.99
Rent Charge = $4477
=> Total Payments: $10381.20 => 24 payments @ 432.55 + tax
The residual is terrible for leasing but I plan to own this car. The tax credit pays for the rent charge for 24 months and some extra discount on top. Free financing for two years and then a bargain buyout price so the deal works for me.
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Would be helpful to have the msrp of each of those cars. What are the cheapest ev’s that qualify?