Looking to lease something in SoCal to replace aging ICE SUV (2013 Toyota Rav4). Yes, I realize that driving it into the ground is the most fiscally responsible thing to do, but I’d like to know if I can get close to breaking even with an EV or Plug-in and cutting out the gas. This car is used for local commuting and probably gets around 30 miles each day or less.
Sedan or SUV, it doesn’t matter. I’m just looking to know what the cheapest deals are out there these days without driving a Vinfast
You can compare long term ownership of something like a brand new Corolla hybrid or Prius Prime to leasing an Ioniq or Kona.
Some of the pros and cons: higher monthly payments on the former but you lock in payments for 6 years and have no payments after. EV leases are cheap right now, mainly due to excess production capacity. That may not necessarily be the case in 2-3 years when the lease ends. 2021-22 taught us that you need some financial flexibility to allow for how much pricing could be higher when trying to replace a reasonable lease.