I will be retiring in 4 years, and would like to buy or lease an EV now, so that I lose the $350 to $400 a month gasoline costs. I have never leased before and trying to learn from this site before I buy/lease.
Approved by my local credit union for a loan at 5.71%. But, the loan offer expires soon.
Leasing over three years seems to definitely have a lower cost of ownership than financing to buy. But with 31k in my pocket, what do you think would be the best strategy for a person who wants to keep monthly payments over 5 years or monthly lease payments over 36 months below $700. Or if I was to buy with 31k down and finance the rest.
I like BMW, Mercedes EVs, especially sedans. So what do you all think is the best strategy?
A post was merged into an existing topic: 30k equity in my trade, use in BMW i4 or other lease?