I’m looking at EV leases and they almost doubled from the deals 2 years ago Meanwhile 2-3 years EVs like Tesla or Ioniq selling in the 25k range We wouldn’t mind keep driving ioniq 5 but residuals tanked and it doesn’t make any sense to buy out lease. Thinking maybe it’s time to finance EV instea…

More range, better features, better performance, better self driving capabilities , faster charging. You don’t see how products can improve?

It’s not a deal breaker to buy used one now, there’s always a better one coming, what matter is the one available fits your need just fine.

idk, they attempted to degrade some features newer ioniqs have more hard plastic for example Tesla also went with “cheap” model idiotic downgrades I don’t see any features get on a whole new level next 2-4 years, that would make us consider upgrading car

What are you talking about? Link, Info, explanation?

Buying 20-25K ev is financially smarter than continuos cycle of leasing . My recent Uber was a 2022 Ev6 with 175k miles on the clock . Driver said he has never had any issues plus the car looked brand new.

[image] jkeel9: probably wait until Jan to see if anything changes Not a great strategy if the past is any guide.

[image] jkeel9: I’ll probably wait until Jan to see if anything changes No no, don’t do that. December is when you want to pounce.

They’re called Balloon Loans, Some Credit Unions offer them: https://secure.autofinancialgroup.com/AFG/index.jsp?CUID=221375802&m

I do think for manufacturers whose fiscal yr ends in March, you can sometimes get good deals in Jan and Feb, but, yes, I think purposely waiting until the new year is a bad idea.

Like many mentioned OP, if you plan on keeping the EV for a longer time then buy it, otherwise lease… I was one of “them” that bought a 2022 Tesla Y at the peak $76K OTD in 2022, Sold it this year for a whopping $28,500 I thought to keep it for a long time and I used about $22K from my Model 3 that …

Does it make sense to finance or buy used EV rn instead of leasing?

Ask the Hackrs

Blphaeng December 19, 2025, 11:49am 30

There was a big thread about it a few years back when PenFed stopped offering it: