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this post was submitted on 09 Aug 2023
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[Dormant] Electric Vehicles
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If you qualified for a 3% loan on $130,000 for 84 months (7 yrs), payments would be $1,717.77 per month. Total cost $144,292.68. Fuck all the way off.
The people that can afford these cars typically buy them out right, or they use collateral to obtain them. This isn't a game for common folk.
Tax write-off.
No I definitely get that but the whole point of EVs is to make them more desirable and assessable to everyone. The big problem is just like the lightning, dealers will mark that shit up. $113k will be a steal. I figure it will be around $130-140k by the end.
To be fair, if this car is even remotely on your radar as a serious purchase possibility, you probably have a car that you'd trade in to lower that $130K number.
Of course, I don't, but that's why I'm not even considering it.
Or, just have your people wire the money to the dealer, then have another one of your people go to the dealer, pick up the car and your key, and bring it back to one of your several properties.
Dealerships will deliver, no charge.
Source: they delivered a midsized SUV to my work and picked up my trade-in at no cost to me, and this was 10 years ago