Quote:
Originally Posted by The J-Man
Is BMWFS just going to take a huge hit on all these leased i3's, or what?
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Yes, a lot.
I went through a hypothetical lease buy-out/trade deal on a Tesla a few months ago, and with 9 months to go on the lease at that time, it would have cost me $12K to buy the car out at residual value vs. used market (Carmax) value.
Quote:
Originally Posted by The J-Man
Interesting. I guess if I want to keep my car past lease end, I should turn it in to the dealer, and then buy it back at a greatly reduced rate.  |
You could do that, or just grab a newer and longer range gen2 i3, and let BMW subsidize you for another 2-3 years.
With the battery range increasing rapidly (2x every 1-2 years?), buying a used i3 with 18.8KWh battery is unlikely to be financially attractive. Just because the $50K car depreciated to low $2*K in 2 years (on BMW FS's dime), doesn't mean it wont depreciate down to $5-10K in another 2 years (on your dime this time!)
I would not buy an EV right now, in the midst of technological revolution.
Leasing - why not.
But buying - not unless you know a museum that needs automotive exhibits...
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