shawner123
***
- Joined
- Dec 20, 2015
- Messages
- 60
Hello,
I have leased a 2015 LE w/ 17k miles which due to be returned this October, it will probably still have under 20k miles by then.
I leased for $4500 out the the door + $139/month * 36 months. Received $2500 rebate from CA and the $7500 Federal was applied to the lease to lower the payments. After tax and "lease protection" I paid $176/month.
So total for the lease, $8336. My lease buyout cost is $12350, so total if I bought would be about $20686, or say $22,000ish after tax for sake making it easy. While this is certainly much more than most of you who bought the car outright for that price before incentives from the get-go, in my head I still feel like this is a decent deal for a car with a MSRP of 35k, and would be closer to 40k after tax, title, blah blah bla.
Other than a factory recall for the battery voltage spike shutdown issue, this car has been great and knock of wood, never been a problem. I like the car, and for 99% of my driving the range isn't an issue, the one or two times a year if I want to take a road trip I just rent a car for $100.
A couple things worry me, my 35-mile drive from Burbank to Thousand Oaks (a few times a month) where my girlfriend lives leaves me with about 10-15 miles if I don't charge for my return trip, never a problem now, but a little concerned if the battery degrades too much, I'll have to get a new girlfriend (joking!) however there are charging options not only at her house, but a free Volta L2 charger at a nearby grocery store. The other thing is I currently rent an apartment, and right now I have a garage with an outlet to allow me to charge, if I do buy this car, I am committing myself to this apartment for as long as I own the car since it will be difficult to find another place that I'll have the ability to plug in at home.
I was thinking about rolling the dice and buying it instead of returning it...and of course right when I make this decision I see a lease deal for a 2018 Volt, 3k down $99 a month, so I figure about $8,000 for another three years of leasing, bringing me to a total of about $16,000 for leasing for 6 years between the two cars, which is ultimately cheaper than buying the e-golf (total cost lease+residual) assuming I only kept it for another three years, however honestly barring unforeseen circumstances I'd like to keep it as long as it suits my needs, but with the e-golf being so new still, nobody really knows how reliable they'll be long term, or how the battery will hold up, and if VW will be honest about honoring their warrenty.
Basically I'm unsure if I should keep the car because I've been happy with it, it has low miles (usually only put 5-6k miles a year on it), I know what it has been through, or return and go for another cheap three year lease, and hope by then that EVs are much further along, I was hoping we'd be there by now, but with the availability date of my Model 3 cheap edition reservation getting pushed now into early 2019 doesn't look like I'll qualify for the full Federal rebate, and I'll need a car before then with my lease running out.
Basically I need someone to go into the future, and tell me if the e-golf will be as reliable as a blender like I hope and think it will be, and that the battery will hang on giving me just enough range for everything to work out fine and dandy! Or if buying it is a fool's choice and go with another cheap lease and after the next three years are up look into buying whatever wondering EV exists then, but most likely not getting any tax incentives.
I don't know if I'm asking a question or just venting my concerns but I've been struggling with this decision for several months now so just wanted to see what others thought.
Thanks for your time,
Shawn
I have leased a 2015 LE w/ 17k miles which due to be returned this October, it will probably still have under 20k miles by then.
I leased for $4500 out the the door + $139/month * 36 months. Received $2500 rebate from CA and the $7500 Federal was applied to the lease to lower the payments. After tax and "lease protection" I paid $176/month.
So total for the lease, $8336. My lease buyout cost is $12350, so total if I bought would be about $20686, or say $22,000ish after tax for sake making it easy. While this is certainly much more than most of you who bought the car outright for that price before incentives from the get-go, in my head I still feel like this is a decent deal for a car with a MSRP of 35k, and would be closer to 40k after tax, title, blah blah bla.
Other than a factory recall for the battery voltage spike shutdown issue, this car has been great and knock of wood, never been a problem. I like the car, and for 99% of my driving the range isn't an issue, the one or two times a year if I want to take a road trip I just rent a car for $100.
A couple things worry me, my 35-mile drive from Burbank to Thousand Oaks (a few times a month) where my girlfriend lives leaves me with about 10-15 miles if I don't charge for my return trip, never a problem now, but a little concerned if the battery degrades too much, I'll have to get a new girlfriend (joking!) however there are charging options not only at her house, but a free Volta L2 charger at a nearby grocery store. The other thing is I currently rent an apartment, and right now I have a garage with an outlet to allow me to charge, if I do buy this car, I am committing myself to this apartment for as long as I own the car since it will be difficult to find another place that I'll have the ability to plug in at home.
I was thinking about rolling the dice and buying it instead of returning it...and of course right when I make this decision I see a lease deal for a 2018 Volt, 3k down $99 a month, so I figure about $8,000 for another three years of leasing, bringing me to a total of about $16,000 for leasing for 6 years between the two cars, which is ultimately cheaper than buying the e-golf (total cost lease+residual) assuming I only kept it for another three years, however honestly barring unforeseen circumstances I'd like to keep it as long as it suits my needs, but with the e-golf being so new still, nobody really knows how reliable they'll be long term, or how the battery will hold up, and if VW will be honest about honoring their warrenty.
Basically I'm unsure if I should keep the car because I've been happy with it, it has low miles (usually only put 5-6k miles a year on it), I know what it has been through, or return and go for another cheap three year lease, and hope by then that EVs are much further along, I was hoping we'd be there by now, but with the availability date of my Model 3 cheap edition reservation getting pushed now into early 2019 doesn't look like I'll qualify for the full Federal rebate, and I'll need a car before then with my lease running out.
Basically I need someone to go into the future, and tell me if the e-golf will be as reliable as a blender like I hope and think it will be, and that the battery will hang on giving me just enough range for everything to work out fine and dandy! Or if buying it is a fool's choice and go with another cheap lease and after the next three years are up look into buying whatever wondering EV exists then, but most likely not getting any tax incentives.
I don't know if I'm asking a question or just venting my concerns but I've been struggling with this decision for several months now so just wanted to see what others thought.
Thanks for your time,
Shawn
