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this post was submitted on 28 Aug 2023
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Electric Vehicles
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Cheapest, but is it the best option?
This is what I can’t figure out. I am trying to tell my wife that I’m seriously skeptical about leasing an ev, but I don’t have enough info to support my unexplained feeling.
I suspect that it's more about leasing than anything else. Committing to a long term fixed expenditure in a rapidly depreciating asset is a risk, particularly in the current economy. If one of you lost their jobs or something unexpected happens in the coming years, you'd be stuck with the monthly payment.
Leasing is - in essence - spending money you don't have yet.