It was proposed by House to terminate by December 2025 but Senate revised to Sept 2025
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If it’s a crazy deal I would go for it, but I wouldn’t rush it. I’ve been in the market for a car since March, and after talking to many dealers, while some are worried they won’t sell their EVs, others don’t care. A few Audi dealers told me Audi is going back to ICE vehicles in 2027, and Mercedes is also reshaping their focus.
A lot of EVs will/have depreciated substantially so we can still use that to ask for steep discounts with or without the 7500.
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Ya agree about the market changing.
Family friend scored a MBZ EQS lease for $600/month - that’s crazy!
Manufacturers will try to make up for the money that they no longer get but that doesn’t change the fact that they will be less motivated to give same total discounts compared to before . So there will be definitely some negative impact in the overall market . Op may way want to buy now especially if he can plan around using all the allotted miles for all of his leases.
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Monthly payments will stay close to the same and everyone will realizes we just wasted 100s of billions of taxpayer money. EV production will likely decrease but an offsetting increase in ice production will create opportunities for new deals.
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Im actually surprised that this thread seems to be split 50/50 on what to do… Goes to show you there isn’t real data on how this is going to impact us and we are all using our best effort guesses.
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Interesting statement from House last night. Putting something in the record to try and clarify for the courts. Might be way for automakers to string out deliveries. A binding contract with down payment for delivery in the future.
For background - LaHood represents the district where the Rivian factory is located.
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Anything anyone tells you is speculation.
If you like a car and deal now get it now. If you don’t then wait. Don’t try to time the car market.
if you need a car - get it, otherwise don’t stress.
I got a fiat 500e this month although I still have 5 months on Ariya.
I am not even sure it qualifies as a car… Might be on the market for another replacement too soon.
You asked people to predict the future and got no consensus. Least surprising thing here
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Mercedes and Audi might continue to build Ice vehicles, but EVs are the way the rest of the world is going, and won’t go away. They will not trash all their research and investments for just the US when in 4 years there might be renewed focus on green energy and EV’s.
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Lol i remember binding written contracts with the Fisker crap
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Yes for EVs leased in 2022/2023/2024.
But look at the recent cut in production that has trimmed supply today which affects prices in 2-3 years. Rivian R1Ses haven’t depreciate all that much since 2024 and in fact… I am not able to find a low-ish mileage quad R1S for under $70K which is crazy because I paid $75K for a fully loaded 23 back in July of 2023. Rivian slowed production and only provided incentives on the high end trims (and gen1 trucks).
Telsa has slowed production too. Cybertruck depreciation has stabilized because Tesla isn’t cranking them out like before. Same with 3/Y. Depreciation is more in line with normal cars.
I would lease now if there’s a particular EV you want at a price you like or feel comfortable paying.
If you just want the cheapest deal and don’t care what EV it is, I’d wait and see what develops.
With delaying to a point you run the risk of increased demand similar to what we saw in early April and deals becoming worse.
Good point.
I think in general we’re going to see a readjustment of the market, but not necessarily a decrease, caused the trend downward for battery costs, the effect of Chinese EVs in the global market and the fixed costs already poured into making EVs.
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Didnt we have a similar topic a couple month back with the tariff situation ? lol.
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I’m stuck in no mans land with over 8 months left on current lease. If 3-4 months will be much easier decision to get one now.
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Wait.
My current lease goes back in March, so I’ll be looking in Jan/Feb. Remember — any time you feel pressured to spend money you are getting a shit deal and probably ripped off. There is always another deal, another “great buy.”
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With the bill just signed, does this mean that non US EVs will be immediately unable to capture the $7500 tax credit ?
That was already the case for financing. For leasing there was a loophole that allowed any EV to get the full credit. This will go away with the end of the credit in September. I am in the process of lemon lawing my Ioniq 5 2025 since it has been in the shop for over three months waiting on a new HV battery. Am about to lease a 2025 EV6 which I always liked better.