Currently one year remaining on a three year lease for two q8 etron’s (mine and wife’s). Have what I consider to be a pretty good deal (~$600/mo effective, pretax) on both. But I’m getting the itch to lease another car. My understanding is that q8’s are pretty underwater on buyouts and Audi’s lease transfer is high risk (original lessee has to stay on lease). Given that the EV credit ending, are there other options, or should I just ride out the end of my existing leases?
We all get the itch. My belief is there’s no reason to lease something this month just because the tax credits are ending.
I believe you’re going to see a bunch of manufacturers adjusting money factors working to create higher residuals etc. Especially if the market demand falls off once the tax credit is gone.
Naturally if you’re getting into a new vehicle with a crazy stupid, good deal absolutely, but I’m not going out and leasing a vehicle just to lease it when you still have a year left on your payments
You’re going to have negative equity and you’re not getting out of it. Ride out your lease and then do a 2 year term instead on the next one, this way when you get the itch to get out of it you’ll be done with the lease lol
Absent a ludicrous deal on something that helps negate the thousands in NE, I don’t see a reason to rush into anything in the near term. The EV credit money coming from the government does not mean EV leases won’t be incentivized come October. Manufacturers are going to need to move them regardless, so I’m sure they’ll get creative with a combination of inflated residuals, subvented MF’s, and/or lease cash.