Other than my EV motorcycle, my EV rates are astronomically lower than they were with ICE. As in half, even though the car price (insured value) went up by 4x. The EV moto is a bitch, nearly 2x the old motorcycle, however, the insured value is also over 3x.
Absolutely! I leased and ran numbers beforehand to understand this. Over the three year lease I gain $10K in investment gains. Of course you have to compare to your lease/finance terms because eventually as interest rates or money factor grow there is a crossover where gains become losses.
Sometimes, too - rates will rise/fall depending on how many payouts on that particular vehicle. I’m thinking as safety features increase, certain types of collisions are reduced which keeps payouts down which keeps rates lower.
My thought also. Things like Autopilot and truly advanced ADAS obviously make us safer, so the cost would reflect it.
. That was a winning argument for me.
That is much harder to account for than it would seem. Investments are not usually a guaranteed return, especially at a rate to offset a loan.
or live in a state with expensive electricity. $38 comes pretty fast when you think about is 110 or so Kw.
We didn't have l2 chargers at the new house for 3 months - and were spending over $50 a week on each of our R1's charging at L3 chargers. It was painful - suddenly our R1's went from being fantastically economic to run to costing ~8x as much.
There would still be a negative delta between the interest rate they claimed for the financed amount and what I could reasonably expect to make on money in a "high" interest money market account.
Agreed. TVM calculations require assumptions because hard data is not usually available. Economics is messy that way. Opinions and guesses matter. You have to do the best you can.
