Since I'm fairly sure that you grasp the concept of leasing an EV to take advantage of the Federal credit, I have to assume that you are trolling. Please stop that now. The next warning will be official.
SageBrush said:LeftieBiker said:You are describing a straw "group" based on whatever stereotypes you happen to believe.
Consumer reports comes to the same conclusions I do
https://www.consumerreports.org/buying-a-car/leasing-vs-buying-a-new-car-a9135602164/#:~:text=On%20the%20surface%2C%20leasing%20can,lease%20ends%E2%80%94plus%20finance%20charges.
They summarize
If your goal is to have low monthly payments and drive a new vehicle every few years with little hassle, then leasing may be worth the additional cost.
Face it -- you live above your means by hocking your future income. And you pay for the 'privilege.' Only a few explanations explain the behavior:
1. The person is stupid. I think this is uncommon but surely not rare, and it is true that most of these lease people cannot really say just how much extra they are paying over time.
2. They want to swap cars every 2 - 3 years. VERY common motivation
3. They are locked into a monthly payment existence. VERY common scenario
Exceptions obviously exist, although it is a rare story of someone locked into the lease train who does not become a paying asset to the manufacturer over time.
Flyct said:You missed one very logical reason to lease an EV such as a Nissan Leaf that still qualifies for tax credits. If one doesn’t have tax liability to take advantage of tax credits leasing can and often will be the least expensive way to “own” one since leasing company gets the credit. That would likely lower the cap cost. That effectively would pass on some or all of the tax credits to the lessee.
LeftieBiker said:Since I'm fairly sure that you grasp the concept of leasing an EV to take advantage of the Federal credit
LeftieBiker said:Read again, and don't quote what I did not mean, let alone write.Whatever your "take on the matter", stop with the "me smart, you stupid" posts,
LeftieBiker said:Then don't accuse people of being what you imagine they are. Quotes changed to single, commonly used to paraphrase.
Among young people the low income probably represents low net worth so they fall in the 'living off future income, above their means' group. They should be buying used cars in which the tax rebate is embedded in the market value. Among the 'asset rich, cash poor' group, which I presume are mostly retired people, the shoe fits but what fraction are buying EV econoboxes and not Tesla ?
Your concern is touching, but misdirected. May I suggest your hopes go to Lefty instead ?Flyct said:Hopefully some day you too will manage your finances so that you can become debt free and enjoy the ability to make wise choices.
SageBrush said:Flyct said:Hopefully some day you too will manage your finances so that you can become debt free and enjoy the ability to make wise choices.
Lastly, I think a 500k liability policy for someone who is actually trying to protect a not-small net worth is inadequate. [/b]It is one of the things that irks me about Progressive insurance.
I had never considered a trust for asset protection, but it makes sense after reading a little more about them.Flyct said:Agreed,. That’s why we carry an umbrella policy and we have a trust.
Ital74 said:Hi All, with the new law going into effect, I believe we wont be able to no longer to buy 2 EVs in the same year.
I believe now you can by an ev once every 3 years to get the federal tax credit. Is my understanding correct from 2023 and on?
Now if I bought an EV in 2022, does that mean I would have to wait till 2025 or the law is only for cars bought from 2023 on?
Thank you
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