Quote:
Originally Posted by PittsDriver
I've read recently that due to the rapid evolution of EV vehicles that the anticipated depreciation is much more rapid on them. I guess one way to test that statement would be to ask those that are leasing what the residual value is at the end of their lease? Lower than would be expected for a similar ICE vehicle?
If the depreciation/resale/trade value falls more quickly on these vehicles, I wonder if that wipes out any tax incentive for buying them?
I'm really not at all a fan of the appearance of Teslas. Around Annapolis they seem to be about every 5th car on the road - everyone seems to have one. Meh, plain looking like it could easily be a cheap economy model from a pedestrian brand - but can cost over $100K!
A friend was recently asking me if I thought Rivian was a good company to invest some money in. My thought is with how rapidly the major players (BMW, Mercedes, other big domestic brands) are rolling out really nice EVs that are being well accepted that Rivian and Lucid have missed the market and Tesla is about to finally have their market tested for real.
|
You might assume so but I suspect initial R&D will result in a longer period of time between refreshes. There is so much demand for the EVs that are being produced, they are asking insane market adjustments and selling almost every vehicle before it even hits the lot.
Right now very few people are leasing an EV because the tax credit requires you purchase the vehicle. You lose the 7500 if you lease. Ford addressed this with a hybrid program called "options" which gives you a customized lease like loan, financing a portion of the vehicle based on residual. My residual was still in the high 40s as I recall but right now, 8 months after purchase, I could trade in my GT for more than I paid for it and supply isn't going to get better on these within the next year at least, I'm sure.
At the end of my 3 year "options" plan, I suspect the car will still be worth nearly what I paid...if not more.