I have been debating if I should lease or buy my next car. I decided to buy as I had the $5,000 CVAP grant approved, $1000 Edison rebate, $1000 EvGo card for EV, $4500 CVRP after purchase.
Tried to get a lease on a:
1st option-2020 Hyundai NEXO Limited $227/mo after all incentives applied
2nd option-2020 Toyota Mirai approx. $100/mo after all incentives applied
3rd option-2020 Chevrolet BOLT basically FREE for 36 mo, plus around $3K profit
4th option-BUY Tesla Model 3 $44,848 including taxes and fees $586/mo with $8,000 down
Decided to go for the Model 3 and utilize the $11,500 rebates/grant that was available as FREE money…and they hold their value a bit more than any car now. Tesla gave me the best APR-even better than my local Credit Union 6% 60 mo, Pen Fed was 4.89% 60 mo, Tesla 4.65% 72mo-(doesn’t matter how long as will pay it off early or resell after 30 months)
I think I made the right decision as my commute to work is 9 miles round trip, I live in an apartment and plan to charge at a Super Charger near by $0.28/kWh (drive 12K miles would cost $800/year) or I have available FREE Level 2 a block away and at work.
2020 Tesla Model 3, MSRP $39,990 Black Exterior/White Interior, Base rims, Nothing else added (won’t need enhanced Autopilot ) so for $28,490 price after $11.5K applied, think it’s a great deal
What would you have done???