Looking for Suggestions on Buying two cars - or leasing - A luxury / Hybrid combo

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Hi, I have been driving Toyotas for a while ~ 15 years, initially after graduating bought a Corolla and Now Since 2022 Nov driving a Highlander. Both gas and both the times I financed.
Sold my Corolla and paying close to $1000 for Highlander as I had financed it for 2% interest. I have been driving gas cars. Has around 11K miles on it.

I need a second car now. I am thinking of going for an EV and I am also planning to replace my highlander XLE 2022 too as Tech in the car is looks pretty old compared to new cars we are having. This time I am planning to lease an EV and I am confused whether to buy or lease the car I replace my highlander with.
I am planning to have one EV and one hybrid car (Prefer hybrid or Gas as I have a toddler)
And plan is to have atleast one car from Luxury segment (BMW / Cadillac / Porsche ). I am new to leasing, never leased it but my plan is to not keep these cars for long time (Max 5 Years)

I am looking for suggestions and recommendations on how I can plan to go about executing buying of two cars.

I am mainly looking for cars with good driving experience especially on long drives, as we are planning to do some long drive trips this year and next year.
A good car for local commute with good mileage and good safety features (this would be mainly used by my wife and toddler kid) . And I am not looking for a payment of excess of $1500 - $1800 per month (both cars combined) .

Thanks

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Finance a Lexus RX hybrid but not necessarily right now; APRs are coming down across many brands and inevitably there will be a domino effect.

Lease the EV; there are tons to choose from in the Marketplace such as the ZDX and Lyric.

If you don’t qualify for Acura loyalty/conquest then look at the Honda prologue.

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Just keep the Highlander and lease an EV, you can get a great deal on a lease vs purchase on EV’s now… but, if you really wanna change everything-then, get a BMW IX for around $600/mo or the Cadillac LIRYQ, and get a 2025 Subaru Forester (but I would still keep the Highlander over getting a new car lease, that thing is still BRAND NEW)

Seems like you are chasing after an image vs practicality but I’d invest the rest for the future of the family

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What car/brands has your wife expressed interest in? IMO start there and just try to get the best deal you can that checks the Wifey + Toddler boxes.

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For EV (local commute, all lease)
Genesis GV70 electrified
Benz EQE SUV or EQS SUV
BMX iX
Kia EV9

For non-EV:
Sienna (buy)
Volvo XC90 (lease)

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Or even an EQS sedan that has a humongous trunk (it is really a hatchback) and it’s also safe simply because it weighs almost as much as Abrams M-1 tank.

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Look at Dodge Hornet RT plug in trim. ( Alfa Romeo Tonale twin) <$300/m here in NY. All in.
My two friends got them, and they are really positively surprised. A lot of car for that money.

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Thanks, that is helpful. I liked the Lexus RX when I test drove it. Its quiet and had good experience with handling. But not like a BMW though.

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She is fine with any brand. She is more interested in Safety features than brands. She believe car is just a commodity that takes us from one point to another point. But she definitely prefers a SUV

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I like what you are suggesting, I thought about this but I think next few years is good time to drive a car in Luxury segment and then I want to go frugal and invest more in family.

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This is exactly what I am thinking right now.

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I just signed for a 24’ Dodge Hornet R/T in Colorado at $99/ $0 DAS, 24 months, 12k miles. There was an additional $3k rebate I didn’t (and can’t) account for plus CO has a $3500 EV rebate that many states don’t have. My incentive rebates ended up being $16,100, but in any other case should have been $13,100; again for CO though.

I know different regions have different incentives, but there still should be near $10k in incentives most places. Plus I received $3k off the $46k MSRP.

1 Like