Whew! Just bought my ‘25 EV6 in Jan before this madness kicked off, replacing a 25mpg Honda Ridgeline. No regrets so far, especially being able to charge at home.
No doubt. Between selling the Ridgeline to Carmax for a great price and big incentives from Kia, I was wanting to switch to an EV anyway. The payment is minimal and I was so over buying gas and doing ICE maintenance.
Big mistake was buying over leasing but it wasn’t possible across state lines apparently.
That's what I did with my used '23 Bolt, one of the better decisions in my entire life, and I had a small window of opportunity to be able to pay for it in full. No payments, charge once a week at the Tesla supercharger, primarily used to commute to work. As an investment, it has already paid for itself by making it possible to commute.
After months of wondering if it was the right time, last December I retired my 17yo petrol car for an EV with a 11k€ government grant. I feel so vindicated
Keep an eye on carmax, brand new EV's are still cost prohibitive but you may be able to find a good deal on a used one.
Found one with less than 10k miles on it, absolutely worth it — weighing what I was paying for gas against what I pay to fill up my battery + the payment shows that I'm only paying slightly more for the EV. That is, while I still have my car payment (and hoping electricity doesn't go up, which it 100% will).
Used EVs plummet in value, typically 50% gone in 3 years.
EVs have become the teenager car because you can get a used leaf without many miles for $5000.
Did the whole solar + EV setup a year ago, and it's been great. Even producing a little less than I expected, with the rising bills the breakeven date might hit under 10 years even though I originally expected 13.
It's a diverse investment that's extremely safe. If you can even get near neutral on the financial side, the security and convenience benefits are great.
As long as you have assurance in this chaotic world that you won't need to move in those 10-13 years. I financed my solar and ended up needing to move a year after.
16 Comments
Lemmyoutofhere@lemmy.ca · 37 pts · 163d
Yes they should regardless of current gas prices.
Zonefive@sh.itjust.works · 14 pts · 163d
Whew! Just bought my ‘25 EV6 in Jan before this madness kicked off, replacing a 25mpg Honda Ridgeline. No regrets so far, especially being able to charge at home.
Fredselfish@lemmy.world · 5 pts · 163d
What about that monthly payment though?
Zonefive@sh.itjust.works · 7 pts · 163d
No doubt. Between selling the Ridgeline to Carmax for a great price and big incentives from Kia, I was wanting to switch to an EV anyway. The payment is minimal and I was so over buying gas and doing ICE maintenance.
Big mistake was buying over leasing but it wasn’t possible across state lines apparently.
SaveTheTuaHawk@lemmy.ca · 1 pts · 162d
The big mistake was buying a new EV. You will see $10,000/yr devaluation. By year three, you owe far more than the car is worth.
Buy used and avoid a bank loan, then save even more thousands on insurance.
jaykrown@lemmy.world · 1 pts · 160d
That's what I did with my used '23 Bolt, one of the better decisions in my entire life, and I had a small window of opportunity to be able to pay for it in full. No payments, charge once a week at the Tesla supercharger, primarily used to commute to work. As an investment, it has already paid for itself by making it possible to commute.
SaveTheTuaHawk@lemmy.ca · 17 pts · 162d
Gas over $5..."maybe we should buy an EV"
Gas goes down to $4.90..."We need the 600hp 9.5L V8 because we just had a baby".
Chiarottide@lemmy.world · 10 pts · 163d
After months of wondering if it was the right time, last December I retired my 17yo petrol car for an EV with a 11k€ government grant. I feel so vindicated
Jax@sh.itjust.works · 7 pts · 163d
Keep an eye on carmax, brand new EV's are still cost prohibitive but you may be able to find a good deal on a used one.
Found one with less than 10k miles on it, absolutely worth it — weighing what I was paying for gas against what I pay to fill up my battery + the payment shows that I'm only paying slightly more for the EV. That is, while I still have my car payment (and hoping electricity doesn't go up, which it 100% will).
Skysurfer@slrpnk.net · 2 pts · 162d
Good news is a wave of ~300,000 off lease EVs are about to hit the used market, so there might be some good deals to be had.
SaveTheTuaHawk@lemmy.ca · 2 pts · 162d
Used EVs plummet in value, typically 50% gone in 3 years. EVs have become the teenager car because you can get a used leaf without many miles for $5000.
betanumerus@lemmy.ca · 5 pts · 163d
SaveTheTuaHawk@lemmy.ca · 4 pts · 162d
I'll stick with my hybrid because I like watching the brahs in tears when their pump ticks over $200.
betanumerus@lemmy.ca · 3 pts · 162d
SaveTheTuaHawk@lemmy.ca · 1 pts · 162d
Their eyes well up at $180 and by $225 they realize they cannot afford protein tonight....brah.
betanumerus@lemmy.ca · 1 pts · 162d
Serinus@lemmy.world · 5 pts · 162d
Did the whole solar + EV setup a year ago, and it's been great. Even producing a little less than I expected, with the rising bills the breakeven date might hit under 10 years even though I originally expected 13.
It's a diverse investment that's extremely safe. If you can even get near neutral on the financial side, the security and convenience benefits are great.
RedMari@reddthat.com · 4 pts · 162d
As long as you have assurance in this chaotic world that you won't need to move in those 10-13 years. I financed my solar and ended up needing to move a year after.
BigTrout75@lemmy.world · 1 pts · 163d
Depends if they saving money