Need advise on Leasing v/s keeping current car

[sathe_001]

My current thought process on why I am planning to lease :-

• I have a 2022 Bolt EUV. My wife drives almost 70-80 miles daily. The seats in Bolt aren’t comfortable and is causing ergonomic problems especially when stuck in traffic. (This is the main reason we are trying to look for another EV)
• Bolt is paid off and we are getting $19k if we sell it today. My thought process is that if I sell my Bolt and cash out its current value(which is going to depreciate considerably considering the miles on it and battery life)
• I can then put $6k approx on lease for 2 years and invest (in hopes to grow the remainder) and then lease again after 2 years. I can keep leasing for 6 years in total with $19k(considering I am able to find a $6k one pay lease deal)
• Does this make any sense financially? I will have to buy or lease another vehicle once I run out of the cashed out money from my Bolt in 6 yrs. But for 6 yrs I can get a better vehicle and make some money during the lease period as well. What I am unsure is - How much will Bolt depreciate more in 6 yrs with us having put almost 150k miles on it.

Thoughts?

[Wtmeyer]

Chevy is offering some fantastic lease incentives on the new Equinox and BLazer EVs for Bolt owners. Check out the pre-negotiated deals for examples. MIght be time to ditch the Bolt.

As far as the rest, pocket the $19K and put as little down on the new EV as possible given the incentives.

[max_g]

How many miles do you two drive per year?

[sathe_001]

13-14k miles a year

[forbs]

Keep the Bolt, lease a new Blazer EV for $250/month or less (Because the bolt gives you $3000 off the blazer plus all other things) make sure you put 15k on the lease.

@sathe_001

d we are getting $19k if we sell it today.

You sure about that? Bolts are going pretty cheap these days.

If you cant afford both cars, SELL the bolt to the dealer (not trade in as it’s more than the total lease) as it’s an EV and the battery will eventually give out.