Stupid to hold on to eGolf post lease?

[bren]

Doesn't the egolf rectify the need for a "sedan"?

The car serves your purpose perfectly, and you like it, yet you already worry about replacing it.

[FC]

Originally Posted by bren

Doesn't the egolf rectify the need for a "sedan"?

The car serves your purpose perfectly, and you like it, yet you already worry about replacing it.

Well, it's a cheap lease. This is all about when the lease is over. Also, I want a sports sedan for me. Something with a stick, ideally.

The eGolf is my wife's car. We use it any chance we get because we have lots of free lease miles we won't use and the LR4 is much more expensive to run and not as fun to drive (big/heavy). Currently the eGolf is hers and the LR4 mine as daily drivers.

The plan is to replace the eGolf at lease end with a sedan for me and give the LR4 to my wife. The only point is that given our extremely limited use, a dirt-cheap used EV with old tech and low range may still make sense for us as an nth car where it might not to most people.

[robg]

Makes sense to me.

Even if you are only able to use it for 5 years after the lease (until the warranty runs out), and its worth 0 at the end of that, it'll still be pretty cheap to own. And that's worst case. Its quite possible that it keeps chugging along for a few more years after that.

Then again, I vaguely remember someone posting that you can lease an eGolf now for like $50/month if you factor in the federal tax credit? If that's true, and there are similar deals when this lease is up you're better of just leasing a new one I think. I think an EV only i3 can be leased for like $150 so it wouldn't surprise me.

[FC]

Originally Posted by robg

Makes sense to me.

Even if you are only able to use it for 5 years after the lease (until the warranty runs out), and its worth 0 at the end of that, it'll still be pretty cheap to own. And that's worst case. Its quite possible that it keeps chugging along for a few more years after that.

Exactly.

Then again, I vaguely remember someone posting that you can lease an eGolf now for like $50/month if you factor in the federal tax credit? If that's true, and there are similar deals when this lease is up you're better of just leasing a new one I think. I think an EV only i3 can be leased for like $150 so it wouldn't surprise me.

Yeah, I have heard of some mythical, crazy-cheap deals (usually around $100/month). I mean, mine ends up being about $200/month all-in, which is pretty damn good IMO for a loaded eGolf.

Some of those low per-month figures don't include downpayment, taxes, refer to the lower trims (equipment and charger), etc. It also requires luck in availability, etc. But still, that's crazy-low.

[clyde]

Originally Posted by robg

Then again, I vaguely remember someone posting that you can lease an eGolf now for like $50/month if you factor in the federal tax credit? If that's true, and there are similar deals when this lease is up you're better of just leasing a new one I think. I think an EV only i3 can be leased for like $150 so it wouldn't surprise me.

The federal tax credit goes to the purchaser of the car, so for leases, it's the bank or leasing company. They usually pass that on in the terms of the lease, but when they do, it's already been incorporated into the lease terms and offers. It's not in additional discount.

So, you don't "factor in" the credit...the leasing company already did that to make the offer you see.