300 miles a month, don’t bother with electric, that’s not even a tank of gas a month. Plus with an ice car you’ll have the freedom to go long distance without planning.
I’d say no, if the payment is significantly less than financing, leasing is the way to go. Plus a better chance for equity at the end.
I have a solution for your unused mileage on your next lease. Just lease the i4, and then Uber the additional miles that you don’t use. It could help pay for your lease and insurance.
How long have you been without a car? The market is getting better by the day. UBS is expecting excess inventory in the second half of this year, so there should be even better deals toward the end of the year. If you need a cheap lease now on an EV for LA, I’ve seen Leaf S with about 160 miles of range for around $200/mo from brokers on here. There is also the Tesla option - 40k, half fed tax credit if you can keep your adjusted gross under 150k, and you should be able to sell it in 3 years for 30k.
That sounds terrible, I’m not sure why anybody does this, the math is terrible. I would think most people on this site have a better use of their time. Whenever I catch an Uber during off peak hours, I’m not sure how anyone makes it worth their time, wear and tear, gas etc, no thanks. Dealing with weirdos, hard pass
Yea I have no time to Uber lol and would hate to deal with strangers. I guess leasing the car as a low mileage driver is a super luxury purchase which doesn’t make that much sense. Still not sure about this decision but leaning towards financing a fully loaded K5 and selling it for hopefully breakeven in 2-3 years when I want a new car.
I’ve been without a car for a month but would love to get in a car soon. I don’t necessarily need to lease an EV specifically. But the i4 was high on my list since it’s cheaper than a model 3 since there’s a high chance I wouldn’t qualify for the tax credit (and it’s debatably nicer)
One more question everyone which will make my decision. Since I’m a low mileage driver. Would it be realistic to think I can swap the lease to someone about 24 months in?
BMW makes it easy to transfer
Most people are payment shoppers and not necessarily looking for a ton of miles. So you’re taking a bet on the future market.
If BMW starts throwing lots of incentives or inflating RVs again, payments on new cars will be lower than yours. Then you’ll have to offer an cash incentive
My serious advice to you is this - if you are maxing out your 401k, yolo and lease what you love. When you get married, you won’t be making decisions like this by yourself. I actually make enough money where I could be driving around in an eTron - I mean I passed up those $398/mo eTron deals 2-years ago (I still like getting deals). But I drive a $200/mo Kona Electric because I have two teen/tweens that I need to put through college and possibly pay for their weddings. When I was your age, I made $27k/yr and drove a 1985 CJ7. The only effect that leasing an i4 today will have on your life 20 years from now is if you didn’t max out your 401k.
quick update, came to the conclusion that aslong as im WFH it makes no sense to lease since im driving less than half of 7.5k a year. So I’m just financing a K5 and if my life situation changes I’ll sell it and lease a nicer drive thanks all for the advice, hopefully leases are better in 2-3 years anyways
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