Apparently my EV9 preorder is coming next week…

[jjswan33]

So it's full lease payment*months + due at signing + RV$? That seems expensive, it's more than just paying gross cap. I'm failing to see the advantage to $7500 lease cash if you just plan to buy it anyway.

In this case, for the Wind AWD, if you plan to just buy out the lease, would it make sense to get the 24 month instead?

659*24+45122+5999=66937
659*36+40544+5999=70267

If you pay early you skip the ‘Monthly Rent Charge’ for the rest of the term.

So for example I just bought an Ioniq 5 on a lease. My price after registration was around $61k - $7500 tax credit and some cap cost reduction my adjusted cap cost is ~$51k.

If I pay off the lease today all I pay is $51k and that then goes down every payment (by the monthly depreciation cost).

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[Riviot]

If you pay early you skip the ‘Monthly Rent Charge’ for the rest of the term.

So for example I just bought an Ioniq 5 on a lease. My price after registration was around $61k - $7500 tax credit and some cap cost reduction my adjusted cap cost is ~$51k.

If I pay off the lease today all I pay is $51k and that then goes down every payment (by the monthly depreciation cost).

So if you plan to buy it out, 24 vs 36 doesn't really matter, nor does the Money Factor. Just watch that RV and all the other crazy dealer fees they like to slap on.

 

[Supratachophobia]

If you pay early you skip the ‘Monthly Rent Charge’ for the rest of the term.

So for example I just bought an Ioniq 5 on a lease. My price after registration was around $61k - $7500 tax credit and some cap cost reduction my adjusted cap cost is ~$51k.

If I pay off the lease today all I pay is $51k and that then goes down every payment (by the monthly depreciation cost).

So does the lease end right away and you own free and clear? Do you owe all the interest for the remainder of the 35 months?

 

[jjswan33]

So does the lease end right away and you own free and clear? Do you owe all the interest for the remainder of the 35 months?

The lease ends, you own it and don’t have to pay the remaining rent charges/payments.

 

[SeaGeo]

Kia offering 1000kWh is fine it’s the free 30 min charging sessions you get with an Ioniq, GV60, ID4 etc. I agree it kinda sucks for using EA stations and after my last two days in So Cal I see every station can have a line at any given time (and it appears to be heavily skewed towards the Ioniqs, ID4s) even with all/most stations working.

That said it was a real selling feature on my Ioniq 5 so I guess that makes me a hypocrite ?‍

I just find 1,000 kWh to be too large given how much energy they use. It ends up teaching people to only look to EA, even when there are other better working stations around, and when there isn't a time limit to it, then people just sit there and charge up (like you've seen). If they swap changed it to 100 to 500kWh with 30 minute sessions it'd bother me less.

At the end of they day, I just don't like incentivizing behavior that you don't want to occur.

 

[Supratachophobia]

I just find 1,000 kWh to be too large given how much energy they use. It ends up teaching people to only look to EA, even when there are other better working stations around, and when there isn't a time limit to it, then people just sit there and charge up (like you've seen). If they swap changed it to 100 to 500kWh with 30 minute sessions it'd bother me less.

At the end of they day, I just don't like incentivizing behavior that you don't want to occur.

Then I got some bad news for you about EV and solar credits.....

 

[SeaGeo]

Then I got some bad news for you about EV and solar credits.....

I can nitpick them too, but the "bad behavior" I generally see with either of those is much less widespread.

 

[Rs6er]

Saw these 2 at the local dealer yesterday. The black one had a $77k window sticker.

 

[Supratachophobia]

I can nitpick them too, but the "bad behavior" I generally see with either of those is much less widespread.

I would argue it's the most egregious example of government subsidy abuse. It artificially inflates the cost of solar by 27% and the cost of EVs by $7500.


Not one EV manufacturer looks at the credit and thinks, "oh good, now we can lower the vehicle price for the consumer".

And the 27% on a solar install goes straight into the pocket of your installer because you are "getting that money back". Solar should more closely be based on standard production industries; 2/3 material cost, 1/3 labor cost. But right now, it's flipped the other way.

Hybrid hot water tanks? 30% credit, but 30% cost more.

SEER ratings on AC? 7% efficiency improvement for every number increase, but 10% increase in cost for every number.


Price competition can't happen with all these subsidies in the way. The only argument that makes sense is that by artificially suppressing the cost, you increase overall adoption so that the merits of the technology can shine unhindered. Which of course should only be done in the short term. But we've been dealing with some form of EV carrot for 2 decades. And now the latest law is so convoluted that it's hardly worth it to try and understand or plan for.

 

[SeaGeo]

The only argument that makes sense is that by artificially suppressing the cost, you increase overall adoption so that the merits of the technology can shine unhindered.

And jump start them for price parity with the "other" alternatives. I suspect we'd probably agree that we'd rather have real costs for other energy occur, but that's not happening anytime soon.

And yes, I don't love the current framework for the EV credit, but at the same time it at least pulls price off the hood for people who actually need it.

 

[Count Orlok]

It's also 1.5 times better than an EV6.

The Count learned years ago that the Motel 12 is not twice as nice as the Motel 6.

 

[Chewy734]

The Count learned years ago that the Motel 12 is not twice as nice as the Motel 6.

Since when does The Count stay in motels? I thought only 1000 thread count hand made Egyptian cotton was the only thing touching The Count at night?

 

[Count Orlok]

Since when does The Count stay in motels? I thought only 1000 thread count hand made Egyptian cotton was the only thing touching The Count at night?

The Count isn't talking about staying... he's talking about owning.

 

[mkg3]

The Count isn't talking about staying... he's talking about owning.

Such a slumlord you are... Owning a fleabag roach motels....

 

[Count Orlok]

Such a slumlord you are... Owning a fleabag roach motels....

He'll leave the light on for you

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