Lease Buy-Out……. Yes or No?

[DKENVY]

My first two EVs were leased because it was such a great deal. Low cost per mile. First one went back to dealership be because the residual value was too high for compared to the market. The second lease I bought because it was $3,000 below wholesale. The great part about the lease buy back is that you are the original owner and now how you take care of it. It’s a great intown commuter, and just drive the crap out of them. Good EVs just keep going and going.

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[SmoothJ]

While I love the truck, I wish I leased vs purchased. Several years ago, I was a in a different financial position and could have easily afforded this truck. Now its a different story, and what I owe vs what its worth is way too far apart.

 

[WXman]

It's not just the electric motors and battery pack that are ultra expensive. Have you priced the "dynamic bending LED headlamps" for this truck? Or the radar tail lights? Heck I saw a video a few days ago where a guy spent $5,600 getting the tail lights replaced in his F-150. The BlueCruise camera system, the 15" screen, etc. etc. etc.

You'd have to be a guy with very deep pockets to risk owning one of these trucks out of warranty. I think that is why the resale value is so terrible on them. If they were cheap and easy to repair and maintain everybody would want one.

 

[El Duderino]

The sales manager told me when I leased my Lightning that there's no way this thing was going to be worth the residual when I brought it back in 2 years lol

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