I realize most Americans are in the same position having to spend so much more money on fuel for their commute. With that said my wife drives 150 miles a day with her Toyota hybrid Avalon which averages 38 miles per gallon.
Are there any electric car leases with incentives that makes it advantageous to get into a lease and just sell our 2014 Avalon which is in excellent shape and use that money for the lease payments. I realized the car won’t be as large and AvalonBut just wanted to get others opinions. Thank you
Btw, I’m still on a waiting list for the Ford 150 lightning
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At 150 miles per day, I doubt you’ll find leasing to be a good option. That’s a good 40k miles per year. You’re going to get killed on mileage overages.
A $3-400 Kia Niro lease to be used 150 miles per day, days per week is a $7-800 Kia Niro lease after factoring in the $15000+ in overage fees due at the end of the lease.
A. A high-mileage Toyota has almost stopped depreciating from miles. Like you can go from 200k to 300k with very little loss in value. You can practically drive as much as you want to and still walk away with a check at the end after eventually selling it. You’ll spend some money on maintenance but nothing compared to:
B. Lease prices that are all elevated compared to the last few years. A low $400s lease (which used to be in the $200s) is $15,000 over 3 years. Then you’ll walk away with not a check but a massive bill for:
