Thinking of leasing a Lightning by months end, but with the EV rebate expiring, do you foresee stronger deals in Aug and September? Will dealer urgency to move these increase as the dealine gets closer?
I know nobody has a crystal ball but would love some opinions from the hackers.
Just grab @z0lt3c ‘s truck in the transfers forum.
What the poster above said. I have one it’s decent.
It’s been pending, I need more miles and by the time I factored in shipping and the down payment, not a great deal to me.
Predictions:
July: Most people are unaware that the $7,500 is going away, some who know will act
August: Word starts to get out, people start paying $3,000 too much for EVs and only come out $4,500 “ahead.”
September: [this has already started] More people hear, start panicking, and terminate current EV leases early and hemorrhage more than $7,500 so they don’t miss out on $7,500.
October: Manufacturers have known for months that almost no one is going to suddenly be willing to pay an extra $350 a month on 24-month EV lease and soften the blow with (wait for it) an extra $7,500 in incentives from their own pocket, or some find other ways to get people into EVs with cheap payments because there’s no other way to get rid of them at scale.
Sounds reasonable. Based on this, I need to get to work!
I agree that the general public aren’t going to agree to pay an extra $7,500 per lease but there is no way non luxury makers can afford to drop another $7,500 per vehicle. My prediction is that production will be dialed back to the extent allowed while keeping factories open.
I’m guessing the brokers and dealers on here will start to hear in August and September what the manufacturers are planning. Dealers, especially non luxury dealers, need to know whether they have to blow every EV out in September or can afford to hold them into October. I would be very angry if I were a dealer and the OEM gave me no indication about a potentially huge change in lease numbers.
The lower end EVs will start to be de-contented as well, with features that people now take for granted available in upper trims only.
This whole thing has always been unsustainable even over the medium term, and here we are.
I would encourage you to do the math on this. Ford only charges $0.25 per mile for overage and in most cases taking a 1% RV hit, then paying tax and rent charge on that hit, costs more than just buying the miles at the end, tax and rent charge free. Other than piece of mind, no real reason to buy miles upfront.
Appreciate the advice on that!
Designated superthread for all things related to the looming expiration of the EV credit
Hi everyone,
Looking for some advice! I currently have a one-pay lease that ends in January 2026. I know the federal EV tax credits are set to expire or change after September 2025, which could impact lease deals going forward.
Would it make sense to lease a new car before the end of September to take advantage of the current EV credits and lease incentives, even though my lease isn’t up until January? Or should I just wait until my current lease ends and see what’s available then, even if that means potentially missing out on the current incentives?
Would love to hear your thoughts and any experiences from others in a similar situation. Thanks!
I’m curious — will four months of lease payments more than the possible $7,500 savings from getting a new EV before the credit expires?
Would appreciate any thoughts!
All mattress sales and sellers are not created equal.
Since you started the thread, it’s at least worth asking: what is your current lease? Is there pull ahead with your manufacturer? What is current payoff and approx KBB / carvana value?
I guess it doesn’t really matter as I have a one-payment lease and there’s no point to pull ahead.
Negative equity so I will just return it at end of lease.
So the question becomes should you lease a second vehicle before incentives expire to capture the $7500 tax rebate expires.
No. There will always be deals on leases. Watch the price of EVs drop by $7500 in October…
@community_moderators This rate of some flavor of this question getting asked is only going to accelerate. Please consider merging them all into a single thread.
Your response needs to be pinned. This quarterly panic topic of EV credit going away is worse than shortages tariffs and whatever else happened in the last few years.