Hyundai, Kia, and BMW are legit GIVING AWAY their EVs on Lease

[@quy24]

Leasing something for 1K/mo or more should be a crime

[@sergiootero5904]

Humans used to die for being stupid. Now they just sign up for slavery

[@thisisntsergio1352]

I used to be a bmw salesperson. They automatically take 10% off, 8500 cash rebate on i4 lease and 10k cash rebate on iX lease in March 2024 which may have changed. The cars are good as long as you have the 2 years free charging through electrify america. Edit: I want to clarify the 10% discount is before state/federal cash rebates (rebates are put towards the down payment, not reimbursed through your taxes). Edit 2: the rebates are non negotiable and are good for both the dealership and the buyer because it comes out of neither of their pockets. It's paid by the government.

[@refuztosay9454]

Wrong - it’s paid by the TAXPAYERS who drive gas cars; the same taxpayers that pay all the road taxes, collect through gasoline taxes, that the EV leeches don’t pay either. Like all socialism, this entire scheme only works by stealing other people’s money.

[@PianoKeyzOfficial]

As someone who knows leases, you're talking too many numbers which all work with one another, but don't actually matter as you speak them. The only thing that matters is apples to apples, $0 down, what is all in effective monthly price. The end. If anyone has lease questions, feel free to ask. I currently have a fully loaded $50k Nissan Frontier Pro 4X for $280 all in per month effective. Thats including local sales tax, registration, dealer fees, etc.

[@Love2Cruise]

Different states charge sales tax and registration differently. Your state may only charge sales tax on the monthly lease payment amount, while some states charge sales tax on the entire cap cost ( hello MD & VA). Therefore comparing only the monthly payment is apples to oranges. To compare the true lease cost before government dip their sticky fingers, you’ll need to compare the money factor and residual value.

[@timnou8333]

how does one start to find a 0 down lease with such great terms? is this via online? or do you have to go from dealership to dealership. Also how does one even begin to negotiate terms for the lease, is there any special openers that you like to use yourself?

[@agamluxuryskincareconsulta4866]

I want

[@aover7220]

I’d take that deal in a heartbeat. GA screws is over on leases with tax…but if still do it.

[@aronsingletary]

​@@timnou8333 start by having an excellent (or at least good) credit rating then start looking for advertised low prices. I ended up buying in Oklahoma and having the vehicle shipped to me. The one local dealer I went to speak with was not interested in selling (or leasing) at a good price so I just went where they were looking to move vehicles.

[@yellowmanv1986]

Just got a toyota bz4x for $200 a month with $200 down all fees included. 36m/10k miles a year.

[@rosmarin2438]

Gross stay away from electrify America

[@quaidmciver172]

I wish my dad would’ve waited. I knew these cheap leases were coming on the BZ4X. He leased his 2023 BZ4X XLE for $850 a month with $7,500 down when it first debuted about 15 months ago.

[@CougarSand]

Lol

[@user-vk2cd9qw7i]

By far one of the worst EVs made lol. Better off with a used Tesla imo

[@closg9309]

@@quaidmciver172DAMN! Got em!

[@Steve_in_NJ]

It's been a week with my new KIA Niro EV!! As it's the top trim -- Wave -- loaded to the gills (which I didn't pay for), my 36-month 10K miles/year lease is LESS than what my 2022 Hyundai Kona lease payments were. Very happy so far and as the EV was sitting in the showroom for 8 months, I got an INCREDIBLE deal! Yes, it's about $350/month, but that's for the top trim AND KIA dealer took my Kona and I won't have to pay disposition or any doc fees to end the lease early (5 months left on my Kona lease). Yes, the dealership added on "dealer markup" and Nitrogen air in the tires, but took all the dealer add-on crap (floor mats, mud guards, VIN etching, etc.) OFF the final Capitalized Cost. And I verified this before signing the lease contract!!!

[@challengecoins4u]

how did you get the added costs taken off before signing the contract?

[@Steve_in_NJ]

@@challengecoins4u The dealer add-ons weren't included in the Lease Contract -- made them remove them! As it was a 2023 and not 2024, they were happy to sell me the vehicle over the newer model.

[@ganjatsu5806]

Hey man, which dealership did you go to?

[@Steve_in_NJ]

@@ganjatsu5806 The one in NJ.... I'm not saying their name on a public forum.

[@itsmargemrssimpsonifyanast2016]

How did leasing your EV affect your insurance cost? That's my only concern with going electric. I have 5 months left on my cx5 lease and I'm very interested in dropping my monthly car expenses. I currently pay $468 for a preferred cx5.

[@stevestone76]

Hyundai is now offering $14,500 lease cash in the Ionic 5. I’m considering doing a lease on a Limited for $0 out the door at $495 a month. Oh and 2 years of free charging.

[@b3arwithm3]

I called few dealers near me for the $199 deal on Kona EV sel. None of them gave me a quote near the advertised price. Most of them are around 2x (yes 2 times) higher than the advertised fee and blamed fees. I know there are fees and tax, but it can't double the cost of the lease. Seems like bait and switch ads to me.

[@megankagarise8485]

My dealership is def giving away Ioniq 5’s… in fact I’m trying to raise my credit so I can get one and get out of the lien on my current car

[@b3arwithm3]

@@megankagarise8485 I agree there are better deals than last year. But no where near what is advertised on their official sites or in various forums. Can't replicate these deals. The ioniq5 deals might be easier due to higher inventory and higher price. I see only few Kona vs 75 ioniq5 with in 100 miles radius.

[@barnhib]

I think giving away may be a strong word in the case of BMW, but I just leased a i4 m50 last Tuesday, and there was certainly a lot of money on the table. My deal was: 36/12,000 MSRP: $75,650 MF: .00220 (marked up from a base rate of .00190. They tried to mark it up to .00240, but relented when I started packing my bag to leave. Still, I'm pissed as that markup was worth like $1300) Cash down: $5000 BMW EV lease cash: $7500 Dealer Discount: 10% off MSRP, in my case about $7500 Payment $740 My state only taxes .8% on car sales, but the registration for EV's is very, very expensive to compensate for the lack of gas tax revenue. That payment seems high, but to finance it would have resulted in a payment in the $1300 range. Also, that is a fully loaded version of the i4. The most affordable i4's have an MSRP around 54k, and with the same discounts, you'd be looking at a very very attractive lease. I just felt like spoiling myself.

[@chriso5842]

What was the residual?

[@barnhib]

@@chriso5842 54%

[@itguru2037]

Credit score?

[@mannyfresh7065]

Yeah this sounds way more realistic

[@DM-ve8vb]

I passed Hyundai’s brand new $5billion EV and battery plant just outside Savannah, GA today. The future of the automobile could not be more clear!

[@PWRDBYVIBRNM]

I just saw it Mother's Day weekend on the way to Savannah also! That place is freaking huge my wife and I were in complete awe!

[@BonanzaPilot]

We replaced our car we drive about 6000 miles a year (work and back) with a Lexus EV. $0 down and $400 a month 10k miles 27 months. With our trade-in, we got a check for $8500.

[@ITME.1]

Oooooo I like that which model?

[@stockey]

In Quebec, we're not that lucky, it's around $685 a month for the cheapest EV6.

[@robpet4424]

Quebec.... isn't that the highest taxed jurisdiction in North and South America 😂😂😂😂😂

[@christopheraquino4711]

great blog.. leased EV9 instead of buying or financing so I can have the 7500 +2k plus dealership discount and military discount of $500=total 10k more discount after 2 weeks bought the car so I won’t pay any interest, comes with 10 yrs warranty and purchase extra warranty so its covered. No gas no maintenance. Loving the performance we have Tesla for a yr and saved a lot on gas

[@anthonymitchell9337]

thanks for this testimonial. Which trim level of the EV9 did you purchase and is your monthly note less than $750?

[@merodobson]

@@anthonymitchell9337 I have a GT EV9, its 1100 a month.

[@Ginger30161]

Back in 2016, I got a $199/month lease on a 2016 BMW i3. This was back when BMW was trying to get folks interested in the i3. That was an awesome car, and the BMW dealership also provided a free rental for 2 weeks a year.

[@TheBajamin]

I bought one for my wife. I loved that little thing EXCEPT the bullshit range. I had the generator model. But I’d start it in the morning and it would say like 111 miles. I’d BARELY have the AC on, drive gently, set cruise at 65mph and after 20 miles of driving it would have about 15 miles of range left lol. EVERY DAY driving 40 miles it would run on the generator. I tried a thousand different ways to drive and no AC etc. the range was garbage and absolutely a lie. But everything else was great.

[@Ginger30161]

@@TheBajamin yep, same, I had the Rex. I couldn't go roundtrip to the office and back without using the motorcycle engine. Which it literally was. What was nice at the time was the free L3 chargepoint charging so I could also charge in public.

[@ahhhcars996]

2024 e tron gt. Drive offs only, 13% off 115k msrp plus 25k lease cash, plus 2 years free unlimited charging. 420 month calculating the free 15k miles over the 2 year lease @ 18mpg of my previous car. Not a bad deal.

[@Youtubepoiuytre]

Sorry if I am misunderstanding. Is the 25k how much you paid upfront? Less than $500 month for car like that is amazing.

[@ahhhcars996]

@KZbinpoiuytre no I paid drive offs only which was about 3800. The 25k was a manufacturer rebate. Plus 13% off msrp which was ~$1600. So totally about 42k off.

[@chubby4643]

@@ahhhcars996 how did you get that?

[@aover7220]

@@ahhhcars996where at? I’ll fly there tomorrow and buy that.

[@temaus]

Just leased a Blazer EV RS AWD for 3 years 12k miles. $0 down, $270/m payment. All taxes, registration and fees were included 🙂

[@negotiationguides]

UNREAL

[@Snafu2346]

which state?

[@WayneS-43]

Thank you for making this video. As a result of watching this I was able to lease a 2023 Kia EV MSRP of $47K for $250 per month for 36 months with 0 down. For anyone reading this, the key to finding a deal is to look for dealers with tons of 2023 and 2024 EV inventory. The residual value on the lease was 65% which also helped. You might be able to do even better. I am in Texas and you have to pay sales tax on the entire purchase price not just the lease payments.

[@aover7220]

EV6?

[@Thisishard2333]

Cadillac was 6700 down 1100 month on a 67k car.And that was 67k minus the 7500 EV credit.Way to crazy

[@ZackKolev]

I wish this was the case with the Ioniq 5N. Can't even get any dealers in my state to even match the Hyundai Financial advertised terms

[@jakey20022]

Is Kia and Hyundai giving free charging as well. I have been seeing ads on KZbin for 2 yrs of charging.

[@andrewpm2]

Damn bro this info is incredibly useful. I'm in the market for a new EV but on the fence w leasing vs buying (Tesla vs other). If there's one thing I hate about cars it's the buying/negotiating phase. I'd rather get a root canal. Why can't dealers just give you a fair deal and stop trying to squeeze the last piece of shit hanging on your ass. Earned a sub! Btw I'm in 02478...

[@dialecticalmonist3405]

Because there are enough people willing to spend hours negotiating. Therefore, they have to increase the price on everyone not willing to put in the same time and effort. It's like that with just about anything.

[@lafaders]

What about everything else you buy on the regular where they make profit on u…you wouldn’t want to own a business and make no money would? Sell everything at cost???

[@Love2Cruise]

Go to Edmunds forums. They have forums dedicated to leases on popular makes and models. As for lease vs buy, I’m leaning towards lease. Couple reasons: 1) never had EVs before and not sure how I’ll like the long-term EV experience; 2) I think EVs are iPads on wheels and leasing gives me more options after 3 years to decide whether to keep it or not.

[@jeffreywong6842]

I just did lease to buy a 2024 Lexus RX450+L Plug in hybrid, saved over $12,000 via the lease route.

[@maggiemae6281]

Can you tell me what you negotiated. I am looking at which route to go this weekend.

[@timmyp14]

Following cuz I’m interested in that car as well

[@sampsonleevon1982]

Plug in hybrids are better

[@aover7220]

I’d love to know too

[@vapsa56]

Then comes insurance. And the monthly payment shoots up.

[@BrianAlvarez514]

Not really. I got a F150 Lightning and insurance only went up $100 a month. Not bad.

[@michaelwoods1924]

Lot of clickbait out there, thanks to that $20 Colorado Nissan leaf lease article from Bloomberg. Here's what Carfax has to say about the cheap leases for EVs: Kia Kia EV Lease Deals Niro EV: $149 per month for 24 months with $3,999 due at signing on 2024 EV Wind models Nissan Nissan EV Lease Deals Ariya: $199 per month for 24 months with $6,099 due at signing on 2024 Engage FWD models Leaf: $219 per month for 36 months with $4,379 due at signing on 2025 S 40 kWh models Toyota EV Lease Deals bZ4X: $17+ per month for 36 months with $3,999 due at signing on 2024 XLE models Don't have great expectations that "$ 17 +" in your area will actually be anything near $17.

[@cspc2570]

Live in Michigan. I'm not paying $500 a month more just for insurance on a new car.

[@charlescole-p9v]

It's crazy to think that today a $1000 car payment is twice my house payment was in 2017 when I paid my house off !?

[@ArkansasEV]

I'm 58 and in Arkansas I've never known a single person that has ever leased a car. I am told Arkansas has some horrible lease laws but am having trouble confirming that. Even when I talked to a dealer I got very little real information. I'm told in Arkansas you must pay sales tax on the entire value of the car up front and I'm told if at the end of that lease you trade it in for another you don't get the sales tax credit for the trade in value like you would on a purchased car. Google is very little help with this or I'm a horrible researcher, not sure which.

[@negotiationguides]

let's make a video about it shall we?

[@ArkansasEV]

@@negotiationguides Great idea.

[@citationbob]

Got a BZ4X 24 month 24000 mile one pay lease for $3850 on a 2024

[@sachin1250]

Where

[@MarkMenardTNY]

Where?

[@davidschaefer5293]

Thanks, it is interesting for sure. The BZ4E leases in NY metro are nuts. I may swap my streaming services for one. One point though, looking at ;ease payment value versus MSRP isn't totally fair beacsue it presume the $53K vehicle is worth anything close to that amount, which in the vast majority of cases it is isn't. Defnitely some optiosn though, I did this with a Volt about 12 years ago.

[@denysmur6592]

Just finished shopping for car in NY end up getting one in Nj . Ny prices are insane

[@CaptBill69]

I am attracted to the Lease an EV option; while wondering if the lease includes car insurance for the lease company owner?

[@Snafu2346]

None of these will apply in Texas. Taxes due are the texas of the full MSRP of the car on leases. Not only do you pay the taxes of the full msrp on the lease, but if you decide to buy out the lease, you then pay TAXES AGAIN on the RESIDUAL being DOUBLE TAXED. To Texas, its another sale. So you pay the full sales tax the first time, then the residual tax the 2nd time. This is also before dealer added fees Nearly every dealer has 4k at least added to car with BS features like some BS car tracking that does nothing.

[@rcruz401]

Great content! I'm interested in a Porsche Taycan Turbo S or BMW M8 competition. Is there any good lease deals on those?

[@pyramidion5911]

You are a mark

[@Miatalustrium]

Fun fact: right now (June 2024) in PA, if you are a Hyundai dealership employee, you can get a 2024 Ioniq 5 Limited AWD ($~59k MSRP) for a 13 month, 12kmi/yr lease for $390 due at signing, $390/month including taxes and fees. They are saying an assumed residual of 68% in 13 months. This seems like crazy, but it makes sense considering that it seems like consumers start thinking of the residual value of EVs MSRP - the EV tax credit. So the *real* price of a Limited Ioniq 5 AWD isn't $59k, it's roughly $51.5k, meaning the car would have a more realistic, if not super great 1 year residual value of 78%. Same goes for all EVs, currently. A lot of people tend to think EVs are a horrible idea because, "oMg tHE rEsIdUaLs ArE teRRibLe!!!" but the payments, the savings in gas, and the nicer features you get with the EVs on the market (at least speaking of my own products), I am more than confident saying that the notion of EVs being a terrible move for the auto industry is just negative hype that doesn't actually amount to anything.

[@kevinmolina4814]

How can I get this deal ? I’m using Hyundai circle my dealership quoted me 985 a month on a 24 Ionia 6 limited rwd lease 36 months

[@Miatalustrium]

@@kevinmolina4814 the 6s have like $1500 max off for circle. The 5s are the ones with huge discounts

[@Miatalustrium]

@@kevinmolina4814 Ioniq 6 doesn't have this deal, but the 5s still do for this month

[@groovestreet77]

Where can you get pre negotiations deals

[@badugiboybimmer9232]

Must be US only still cheapest EV 6 I could find was 62,774 and no discount on lease

[@JonasDavidsson]

It must be a US thing because here in Scandinavia the EV6 is almost 700 USD/month and the Ioniq 5 600 USD/month.

[@negotiationguides]

it most certainly is.. we have major cash incentives

[@yo2trader539]

Carbon credits too. It's not like automakers want to make or sell these money losing vehicles. But government regulations require to them sell a certain number. And incentives apply for foreign cars if it's a lease, and some states have their programs.

[@zk9058]

I leased an Audi etron gt for $200/months for 12 months. It’s insane.

[@Ezzzzzzz7]

Seriously? In LA? Which dealership?

[@jayseol7525]

How much down? Any credits or incentives?

[@AlphaOmega333]

DAMN

[@Call_Centre_Conversations]

What as the deposit?

[@Youtubepoiuytre]

I need details on this. This is an insane deal

[@rockthompson3476]

The issue is the base model. People look mostly at the best range.

[@ilovmusic22]

I wish I could get one I live in Los Angles but no buildings have charging spots!!!

[@chard101]

They made buying this cars dang near impossible price tag is so high

[@Skyking6976]

Called about ending my BMW i3 4 months left and the sale guy said sure…give us 5K and we’ll get you a $499 payment😳 I leased this i3 with just a check for the first months rent and the payment is around 525. No payment on an i4 35??? 650…F that. NOT when Tesla is giving their cars away.

[@tyyamnitz8408]

What do you mean Tesla is giving their cars away?

[@alexmack956]

Yes, what do you mean

[@tyyamnitz8408]

@@alexmack956 maybe he is referring to the current 0.99 model Y offer which is appealing but I would say is very far from giving them away

[@Skyking6976]

@@tyyamnitz8408 Just a common expression and in this case exaggeration I’m afraid. The point being a BMW i4 base model lease is WAY more expensive per month than a Tesla. Tesla is VERY responsive to market demands on price and dealers cannot compete.

[@robertrodriguez7181]

What are the typical lease price on jeep wrangler 4 door high altitude 4xe? 36 month 7500 miles

[@KapitalElement]

All car dealerships are begging people to take cars out on lease, since it’s the dumbest thing a buyer can do.

[@nikosolikos]

Nah, just roll the mileage back before turning it in. Lease at lowest mileage allowance. You’re welcome. (Just make sure you don’t log miles when getting oil changes, service etc)

[@leef1500]

Both of you have no idea what you're talking about and it shows 😂

[@nikosolikos]

@@leef1500 wow, really got us there 👌

[@leef1500]

@nikosolikos how do you roll the mileage back on a new car dummy, this isn't your 93 Ford ranger

[@ahhhcars996]

Apparently this person does not know anything about leases

[@reggiegabriel2545]

I’m upside down about 9k on my charger, looking to get out of my car for an EV family suv. Where should I look?

[@negotiationguides]

I think Jeep tbh

[@jasn010]

I leased a lucid and it’s crazy cheap. Once all these leases are up, the market is going to be flooded with used ev and it’ll sell for less than the residual

[@MrProy33]

So... a ridiculously higher monthly note, way higher monthly insurance, limited travlel/vacation options, expensive tires, expensive and time consuming charging, and zero resale value due to a lease, in a vehicle that might catch my house on fire if any little thing goes wrong with the battery chambers, casings, leads, controls, and other electrical components, or if I happen to be in a minor fender bender. Gee. I think I'll pass and just buy a new Mazda CX-5 for less than $30k that has no drawbacks.

[@jenjeffsher3616]

EVs are very simple & can last a long time with minimal repairs. Just don't get an overpriced one like Porsche, Mercedes, BMW, or anything over $35k new (after discounts).

[@pisipisi5071]

I went to dealer for ioniq 5 sel and price $450/month including tax and fee with zero payment for 2 years. So dont dream a cheap car. Deals are just looking good since these ev cars are super overpriced.

[@groovestreet77]

Did you get get it ? Do you think 450 is good ?

[@pisipisi5071]

@@groovestreet77 $450 per month was a tesla model y lease price so I returned the offer.

[@fandean3330]

Just leased a Ioniq 5 sel for $410 a month with 0 down.

[@xkr510]

Canadians continue to be screwed in terms of costs, Tesla, Hyundai, Kia, all of them. Then try and get one. Then except for Tesla you have the fight with dealerships with their add ons. That last one is something I refuse to do. I’ll never deal with a dealer again.

[@hitemup5151]

In Canada it’s completely different. Things are not that bad for cars lots of people are buying and leasing

[@ct4074]

It's all bull! I tried buying one, but none were available, and the only one available had delivery fees and every other fee imaginable, taxes, plus deceptive down payments...

[@zz-.-]

So what are the 5 cheapest ev’s to get right now, from a lease/monthly perspective?

[@vizzle89]

Cheapest EV with over 250mile ranges is likely the Tesla Model 3 WITH 7500$ ev credit(it gets applied at sale if you qualify) which would make the OTD about 33k. Then you'd have to register the vehicle(and pay taxes for your state if you got it) and here in TX it's 6.25% of purchase price which for a 33k vehicle is $2062.50 when you go to register it. If you want the absolutely cheapest EV on the market it's hands down the Nissan Leaf which can be had for under 30k OTD(which is tax+title+licensing+dealer fees). But the Leaf is only good for someone who primarily does city driving/commute less than 20 miles a day. Max on full charge new is like 150milesm

[@zz-.-]

@@vizzle89 thank you 👍

[@fishingwithcav8240]

Who drives 12K miles a year that commutes long distance to work 5 days a week? Not where I live. My last lease was $16,500 a year, that was even cutting it close.

[@brianmack3665]

Buy a 36k Toyota… way ahead after year 2. Will generally last between 200k and 400k miles.

[@auzkhan]

08:30 why would you not recommend lease to buy for BMW IX given the almost 10% lease cash discount? It comes down to ~$800 for a $90k car. Is that a bad deal if we do lease to buy?

[@negotiationguides]

Check my most recent vid

[@zhobaire]

Question on financing a 2024 Ford Mach E GT. I missed the boat on the 0% APR on the 2023 models, but word is the 2024 models will have 0.9% financing for 60 or 1.9% 72 months. Normally I don’t want to go past 48 months but those are some great rates in today’s climate.

[@SarkVisidian]

you think they will do the same for the Ioniq 5 N?

[@barnhib]

Dealers in my city are marking them up 10k. I'd wait a year. They'll be selling them way under MSRP then.

[@jagpilotohio]

No one should buy a new EV outright. It’s insane with the depreciation involved. Enjoy it for 3 years and turn it back in.

[@amjads8971]

That’s harsh 😂

[@amjads8971]

I agree, never buy ev but lease it n return

[@jagpilotohio]

@@amjads8971 and if you do actually want to own one outright you definitely buy one 2-4 years old with low miles and take advantage of the huge depreciation hit. Just make sure it’s got an awesome warranty that’s still good for a few years.

[@DM-ve8vb]

If something appreciates in value, own it. If something depreciates in value, lease it.

[@JavierSanchez-jk7ud]

depends on how you use your EV and what you expect out of it, they are capable of well over 100k miles.

[@noesrp6595]

No they aren’t. I’ve been shopping all over Vegas. No deals. Maybe in California.

[@internati0naled974]

Most deals are in the northeast. NJ is a hot bed for a good EV deal. Especially when shopping out of state, no sales tax on EVs for NJ.

[@ITME.1]

Same I’m in Vegas let me know if you find a deal

[@richardgray1601]

$12,000 off a polestar 2 right now with a 1.49% interest rate. Enjoying my upgrade while paying $190/month!

[@aover7220]

Where’d you buy?

[@richardgray1601]

@@aover7220 Portland, OR

[@richardgray1601]

@@aover7220 Oregon

[@richardgray1601]

@@aover7220 Pacific Northwest

[@richardgray1601]

@@aover7220 Oregon

[@pjams2745]

129/month lease for a Kia Niro where I live.

[@celestialtl]

That’s so crazy…you be crazy, it’s CRazy

[@firefalcoln]

I still think leases are dumb unless you’re super rich. And if you’re super rich, why not just buy a vehicle so you can do whatever you want with it? If you’re trying to be smart with money, it’s far smarter to buy a used car with cash than consider leasing a new vehicle vs buying a new vehicle. If a car is new, unless it’s super nice rare and special, it’s going to depreciate fast if you own it. And if you lease it, you’re paying for a vehicle you don’t own after the term ends.

[@firefalcoln]

@1ofwon I think leasing makes sense for certain people. I’m not one of them. I don’t care to spend a bunch of extra money to always have a relatively new car with the latest tech. Even if it’s cheaper to lease that new car than buying it and reselling it. Until I have a hundreds if thousands of extra dollars, I’d rather buy a used car that’s fuel efficient and hopefully fun which has already depreciated a lot, and keep it until it’s about to die or completely dies. And then sell it or scrap it and repeat. That saves a lot of money and still lets me purchase a replacement car somewhat frequently if I want to not have the same car too long. All I sacrifice is not having the newest tech and a car customized just for me when ordered. But I can still get the latest and greatest from a few years ago. And if I’m not accustomed to the newest stuff now, I won’t even care that you don’t have what I don’t know. As long as it’s similar to better than the used car that I’m replacing, I’m happy. Also there is so much more research which can be done on acquiring a 3+ year used car vs a new car. New cars have little to no track record. Even if it’s not the first year of a particular generation, that doesn’t mean that there isn’t going to be a mistake or change that starts with the 2nd, 3rd, 4th or 5th year of a generation of a vehicle. Used really is the best option unless you have a lot of money to where it doesn’t matter for you to lose tens of thousands of dollars on transportation over a few years. Not a lot of people would admit to wanting to make that financial sacrifice, even though they make it anyway. If someone can take that financial hit, and wants to, I support them. I just wish more people realized what they were doing. Especially young people without a lot of money or understanding of how far they’re setting themselves back unnecessarily.

[@leef1500]

On Chevy EVs, and I'm sure many others; the invoice, msrp and employee price is all the same number. I'm not even kidding. They have these things invoiced with $0 spread. Its almost like they want EVs to fail its kinda weird.

[@alvd8511]

Can’t get these prices in Michigan, not even close

[@adrianocosta6760]

I went to somerset mall in Troy and leased an awesome tesla model 3 2024 for 300 bucks a month.. cant get much better then that

[@wegder]

How long can they continue to lose money on lease EV cars?

[@TheRealTeflonRon]

I was looking at a Taycan but only 200 mile range? Rather get the Benz ev that you can purchase the one with 600 miles on a charge

[@italianovero220]

Don’t worry so much about the range. That car charges so fast it won’t matter. The new taycans have about 300-400 mile range, so they say.

[@Moondoggy1941]

It appears that Toyota had a good lease on the 4 Runner but ends tonight, do you think it was a good deal?

[@Freerider93]

Nah, new model about to drop

[@Moondoggy1941]

@@Freerider93 Most people want the old model.

[@Freerider93]

@@Moondoggy1941 have you seen the pics?

[@Moondoggy1941]

@@Freerider93 Yes it is a good looking vehicle but I would rather have the 6 cylinder motor.

[@lakergreat1]

Anything in Ontario, Canada?

[@dwayneyap2175]

Got a q4 etron 50 470 a month after taxes 1400 down

[@Xainlrd]

Got my Ionic 6 SEL for $350 a month, no money down 😂 crazy deals rn!!

[@jshirman]

how many years and how many miles a month

[@Xainlrd]

For the advertised deal, 12k miles per year for 2 yrs

[@AlexPetrov108]

Is it only for US or you can expext the same deals in Canada?

[@pwcvids]

As someone recently shopping for an EV in Canada, this absolutely does not apply here. It seems the market is very very different here for EVs.

[@Call_Centre_Conversations]

Can you buy in the USA and drive to Canada?

[@EagleWolfSparrow]

So even ELON fired all Tesla SUPER CHARGER TEAM, what if .....USA Gov is Not going to give EV charging station Tax money anymore,,,so all Supercharging network gonna be SHUT DOWN and that's why all EV is at $200~$300 monthly lease with 0$ down???

[@Bufford2024]

Throw in an allison diesel genset on a trailer ... and I'm in.

[@DemonFox26]

If I have a car that’s paid off should I sell it first or trade it in on a lease. Car is worth $17k. Is it a bad idea to use all that money for a lease down payment?

[@itguru2037]

Never put money down on a lease. If you total the car you’re out all that money

[@dwaynesmalls3003]

Any thoughts on GM’s EV’s; Blazer, Silverado or Hummer?

[@Detoxingforlife]

@negotiation guides but are they giving you this 10k on a 618 credit score? Or do you have to have the perfect everything to get these deals?

[@rosmarin2438]

No you have to pay 10k extra for the gettle advantage

[@ryanshannon6963]

What's your definition of perfect? A perfect credit score for a car loan (as well as credit cards and a mortgage credit score) is I think 850. I cracked 800 with a credit card score a couple times. Never on a car credit score (FICO 8 and 9) with my highest being generally around 780 and my average hovering between 750 and 770. My mortgage credit score is like 740 I think. I've never missed payments on any of those, and I pay the balance on my credit cards every month (no carryover, no interest ever paid). For those types of rates, it's possible with maybe 720 credit score, but almost guaranteed with 740 or above. I always tell people if you have less than 700 credit score (and you're not a Dave Ramsay type), then you need to focus on credit rebuild. Understand what your score is and why it's that way. There are some free sources available (Experian, for example) that will show you an overview of what you currently have and what's showing as negative on your scoring. Start paying off or catching up on your debts, then review again in a few months. About 10 years ago my credit score was about 580. I had a lot of delinquent student loan debt. I started with income adjusted payments and such and began my credit score clean up process. Within about 10 to 12 months I was at 680. About 4 months after that I was in lower 720's (for credit card score. I never actually had a car loan since my credit was not great until *MUCH* later, about 5 years later). If you have poor credit, I never advise anyone to get a loan on a car because the interest rate is so high. Start with rebuilding your credit if that's what you want to do and if you're truly diligent, you can maybe hit 700 by the end of the year depending upon what your circumstances are.

[@jimmykhokhar9092]

I would never recommend buying an EV at this point or at any point as these have the highest depreciation and of course the battery tech and overall changing rapidly. In my opinion of course.

[@hughn1]

That's exactly why I leased my NISSAN Ariya 36 mo. You do NOT pay for depreciation on leases and I got the $7,500 from the government plus 500 from being ex-GI plus 3,000 from the Nissan. This was back in December 2023. Love the Ariya especially after 3 yrs of Tesla 3!!!

[@ramfan5149]

@@hughn1 Not an EV fan, but you did it the right way. Use it, hand in the keys, and walk away. As long as you don't mind having a monthly payment of course.

[@PATTT_]

you can get base models of any car for around 300 bucks....

[@TheRealCatof]

Yeah, but they won:t be an ev

[@jorgevaca7769]

Can you provide details on the 4xE lease?

[@Lumaga]

You meant to use the less than symbol < at 1:42 since .91% < 1%.

[@michaelgoldman3812]

EVs are not safe, how much do you want to save to sacrifice/tradeoff your safety ?

[@kcav1255]

So is the goal lease to buy? What about the $300/month Tesla lease deal where you're not allowed to buy it at the end?

[@abdimukhtar7805]

I wonder how much the insurance cost for EV’s

[@Xainlrd]

100 a month for my ionic 6 😂

[@williamborgeson7172]

$110 per month on my 2023 Mercedes EQS 450+ which I lease but sticker new was 108k.....a gas MB S class costs a bit more

[@foxtrotwolf6081]

Adding an EV is much less than adding my teenagers.

[@Skinnymoss81]

@@foxtrotwolf6081lol

[@anonymousfu]

​@@foxtrotwolf6081I feel you, bro 💸

[@karlsmith7371]

$320 a month to own nothing after 24 months.

[@Yeahyeah-ic8xm]

Your EV is going to lose more than that in value if you own it.

[@jenjeffsher3616]

@@Yeahyeah-ic8xm I just bought a VW ID.4 Standard for $25277. And by buying I have a chance of getting a MD excise tax refund of up to $3000, so long as the car was under $50k, which it was. So assuming I get my paperwork in & MD pays me, I am OTD under $26k. I doubt it will drop in price very much in 3 years --- and even if so, I had my last EV for 7 years. Have 2 other cars, so range wasn't critical.

[@tommorgan1291]

Too confusing!. Why not just tell us the car range, chargers availability, charging times, down payment, number of months and monthly lease fee? Period! Why not?

[@AustinF516]

Acura will be giving away the new crossover EV by Thanksgiving lol

[@AlphaOmega333]

Yeah, and Honda. Total joke cars as EVs progress WAY too quickly.

[@harakelian]

Excellent advice

[@manuvns]

i think keeping my currenct car is cheaper :) , no one should replace a working car

[@leeedens9497]

So, clearly, Hyundai, Kia, BMW, and others are having a demand problem and turning to leases to move the metal now, they've been offering crazy discounts, and now this, so, what happens to the value of an EV that doesn't have any real demand when new, comes back as a certified used EV, what will be the value then? Luxury EV models are especially bad, ICE luxury models already depreciate at a faster rate than volume ICE models, so, it's a given, that luxury EV models would depreciate faster

[@ramfan5149]

Fair points. Would you want to purchase a 5-6 year old used EV car that has a limited lifespan on its battery? Battery performance is undoubtedly going to wane over time and battery replacement costs are huge. Residual value and trade in value on these things will be awful. If you absolutely have to have one, leasing would be the only way I would do it. Just saw another KZbinr discussing how the Taycan is piling up at Porsche dealerships around the world. Loses at least 30% of its value the second you drive it off the lot. They can't give them away. I almost feel bad for all the climate cultists and virtue signalers that bought into this BS 3-4 years ago. These things are glorified golf carts.

[@zz-.-]

2:35 autocompanion doesn’t autofill in the calculator like it does for you. You need to enter in money factor residual etc which just isn’t helpful at all.

[@negotiationguides]

I think you’re doing something wrong …

[@zz-.-]

@@negotiationguides you’re right, I see it now - you need to click “get rebates” and it populates, but it’s still super confusing and doesn’t seem correct. I’m getting monthly payment results all over the map. The click boxes to select the rebates are also confusing - how do I know which rebate is being applied by a particular dealer? Seems like it can help +/- 40% but that’s certainly not very accurate

[@allenbaylus3378]

I would never lease but thanks for sharing.

[@kimolas]

It makes sense in many situations. Same as how you can come out ahead renting instead of buying. Do the math for your situation. Only the sith deal in absolutes.

[@venom999333]

Here's a tip that the rich people know. You buy what appreciates in value. You lease what depreciates in value. Is your house worth more since you bought it? Is your car worth more than when you bought that? 😉

[@RobBeMe]

Is there a metric factoring in time spent charging away from home? > of course ev's must fit the mission...not easy for apartment dwellers, etc unless have charging option at work, etc. Also...high density residences are beginning to impose parking restrictions due to increasing ev fires... taking out adjacent cars & structures. Several factors to consider when looking at ev's ...for me it's mainly having to plan way more so vs driving ice cars...& the environmental benefit is minimal at best ...some say ev's actually worse for the environment from beg stage production to end stage scrap/recycling > & regardless, Earth is cycling through a Maunder Solar Minimum & projected to be doing so well into the 2040's.... Gore should hand back his Academy & Nobel.... especially being Florida isn't under water yet. EV's a fast pass (pun intended) here even if giving them away😜

[@Manc-fh5we]

I have no idea what you’re talking about! 😂

[@Wadson]

Can you help me get a Taycan?

[@downix]

When the vehicle doesnt lose value, this is what happens.

[@youtoobe169]

EVs are the most depreciating cars out there

[@downix]

@@youtoobe169 Depends on the model. Leaf, sure. Hyundai? Not so much. A two year old used Ioniq 5 near me has only lost 20% value, which is half of the average price loss of 40%

[@lawrenceralph7481]

Dont want one. Even free.

[@trex1448]

Weirsly enough the Kias and Hyundais are the only ly cars worth leasing at the moment.

[@hichany]

not for Canadians

[@MrProy33]

Ev? Dumb. Lease? Even dumber.

[@hermanpeters549]

I lease my ev and happy have other gas cars too

[@anthonybarnes5555]

Ev's in a free market wld not exist. Only reason they are viable is because gov is involved. This won't end well.