Because I know everybody loves to tell other people what to do with their money, I give you THIS!
I have a Bolt Premiere, loaded to the max, with nearly bald tires and average wear and tear everywhere else. Under miles on the lease, so that's OK.
GM Financial completely ate the tax credit and took me for a ride all the same. I'm not eligible for any state credits.
I like the car, and the extra 6 kwh on the battery on the 2020 does nothing for me, but the idea of adaptive cruise sounds awesome, if that's even a thing, along with the HD cameras, which as I get older, more exhausted and more stupider, all sound good. But my car is fine as it is. So do I buy it? Or should I get a new car? I like the premiere trim, but jesus, they're having sales on base 2019s for close to my residual!! Who knows what the sales will be in January? But I like my car and have had zero detectable range fade. Is there an actual case to be made for buying a new one? Or leasing a new one? Or just buying mine for the residual? I could easily drive it for another 5-6 years, by which time it will have over 100K on it and plenty of kid miles which are hard, maybe in 2025 there will be a ton of good cars to choose from and I should just drive this one? Who wants to weigh in? I can put down a big down-payment...
(´・(oo)・`)
I have a Bolt Premiere, loaded to the max, with nearly bald tires and average wear and tear everywhere else. Under miles on the lease, so that's OK.
Code:
I put $2,500 down on a credit card, Credit score 819
Gross capital cost: $44,503.98
Capitalized cost reduction: $3,681.70
Adjusted capitalized cost: $40,822.28
Residual Value: $26,343.00
Depreciation: $14,479.28
Rent charge: $1,208.80
Total of base scheduled payments: $15,688.08
Number of payments: 36 months
Lease Payments: $435.78
I like the car, and the extra 6 kwh on the battery on the 2020 does nothing for me, but the idea of adaptive cruise sounds awesome, if that's even a thing, along with the HD cameras, which as I get older, more exhausted and more stupider, all sound good. But my car is fine as it is. So do I buy it? Or should I get a new car? I like the premiere trim, but jesus, they're having sales on base 2019s for close to my residual!! Who knows what the sales will be in January? But I like my car and have had zero detectable range fade. Is there an actual case to be made for buying a new one? Or leasing a new one? Or just buying mine for the residual? I could easily drive it for another 5-6 years, by which time it will have over 100K on it and plenty of kid miles which are hard, maybe in 2025 there will be a ton of good cars to choose from and I should just drive this one? Who wants to weigh in? I can put down a big down-payment...
(´・(oo)・`)