Located in Southern Ca, looking to sell my 2019 Grand Cherokee Limited X and get something of similar size, give or take, but either all electric or a plug in hybrid. Looking for something under $600/month.
I’ve seen and liked the Sorento hybrid, but wondering if ya’lls expertise can lead me in another, better direction. I know “best” is subjective, so open to all suggestions.
My hot take: Base model VW ID.4 at MSRP ($41,190 after destination) with Clean Fuel Reward ($1,500 point-of-sale utility rebate) and CVRP ($2,000 mail-in rebate, when it returns), financed over 60 months. Qualifies for a $7,500 federal tax credit and comes with three years of free DC fast charging. Should net under $600/month to finance with probably $15K in equity after five years.
Well you did suggest a model 3(the only tesla even possible under $600) to someone requesting suggestions for vehicles similar in size to a grand cherokee…
Positive equity doesn’t really mean much on a loan. The shorter the loan, the earlier you’ll have positive equity. Doesn’t really add any value to the actual analysis you need to do on a purchase.