In California there is a $1-4k(income qualified) rebate available from either PG&E or ConEd. It is only available for used vehicles, but can be either purchase or lease. Basically, as long as the car has already been registered it counts as used, so demo/loaner leases count.
Not really my business but, if you’re interviewing for an engineering sales job, are you going to meet the income restriction?
It’s actually a pretty generous income limit. As an example, for Santa Clara County for a family of 3, the limit is $146k household income. It’s also based off of your most recent tax return(although not AGI, they count all income). For me, I had two things that caused me to slide under the income limit for my household and county; my job had cash flow issues and didn’t pay my December pay before the end of the year, and I was on paternity leave and my last payment was paid in January.
When we did the rebates for the other two cars, we applied for them under my wife’s name just before we filed our first joint tax return. She was under the limit, and they count “household income” and size strictly by your tax household from the most recent return within the last two years. We actually filed an extension so we could still get it after the normal tax deadline.
The rebates I will attempt to stack are PG&E $4k, 3CE(my local renewable provider) $2k, and MBARD $1k(if we buy/lease after 7/1). Really hoping a California incentive comes online as well.
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It looks like I’ll be putting close to 20k per year on this car, so leasing may not make sense. I saw a lease “deal” on here from a broker for an S6 etron. At 7500 miles per year it would run $32k for the 3 year lease. i5 and i4 are a bit cheaper but still the best deals I’m seeing will be at least $20-25k over 3 years plus the extra cost for higher mileage(which I haven’t gotten quotes for).
At that point, buying used makes way more sense and I remembered that EQS sedans have taken a bath on depreciation. I’m seeing CPO EQS 580 sedans for $40k, with reasonable miles and well optioned.
Slightly more passenger room and a little less cargo room than the S6. More of both than the i5, and way more of both than the i4 M50 for exactly the same price. Similar horsepower to all but decidedly less sporty, and not as quick to 60. Similar or slightly better range than the S6 and way better than the i4 or i5.
Maintenance/repairs on EVs are typically minimal, and after the CPO warranty is out I can take it to an independent shop unless it is a battery or motor issue(which both have their own warranties).
Even if I take an absolute bath on depreciation there’s no way I can’t get at least $15k in 3 years. Realistically I think $20k is more likely. But worst case scenario effective cost for 3 years would be $23k after incentives, or $638 per month.
I know buying used puts the depreciation risk in my court, and I’ve done the used EV route before and I did a bit worse than I expected but not terrible. Effective monthly for my current if I sell soon will be $140/month. I thought it would be closer to $0 but still not bad.
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Pro: unlimited mileage CPO warranty.
Con: EQS eat tires for breakfast, lunch and dinner.